LOS ANGELES, Jan. 19, 2012 /PRNewswire/ -- Goliath Film and Media Holdings (OTC Bulletin Board: CADT) announces that its 8-for-1 forward stock split will be reflected in the OTC Bulletin Board on the opening of business on January 20, 2012. The name of the company on the OTC Bulletin Board will simultaneously change from China Advanced Technology to Goliath Film and Media Holdings. Any trades made on and after the Effective Date will be on a post-split basis. The interim symbol will be CADTD; after 20 business days the symbol will revert to CADT.
Stockholders who own shares in street name will have the additional shares from the stock split (7 new shares for each 1 share already held) credited to their brokerage accounts in a few days. Stockholders who hold shares in certificate form will be required to transmit their old share certificates for exchange to OTC Stock Transfer, Salt Lake City (www.otcstock.net).
Goliath Film and Media
Goliath Film and Media Holdings ("Goliath"), through its wholly-owned subsidiary Goliath Film and Media International, intends to develop and distribute film content with an emphasis on "niche" markets of the entertainment industry, such as, without limitation, education, horror, faith-based, or socially responsible minority content. Goliath will specialize in developing, and acquiring quality films. Goliath also intends to develop screenplays with the intent of outsourcing the production, and locking in the distribution of the films developed. Goliath plans to license films domestically and internationally, through a wide distribution network to include major exhibitors, distributors and television networks.
This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
SOURCE Goliath Film and Media Holdings