NEUROMAMA, LTD Announces Major Recapitalization of its capital structure to enhance value of its common shares by management canceling the majority of its stock
NOVOSIBIRSK, Russia, Nov. 26, 2013 /PRNewswire/ -- Neuromama, LTD, (NASDAQOTCBB: NERO), parent company of the world's only Internet Platform integrating various online traffic generating resources, not limited to the world's only search engine http://NeuroMama.com based on neural technology today announced a recapitalization of its capital structure, which is intended to bring value to the existing and new shareholders.
"NEUROMAMA, LTD. has become a public company by acquiring controlling interest of an already existing public company. The acquired company has undergone 750 to 1 forward stock split. Market capitalization of NEUROMAMA, LTD. of over $80 billion dollars was based on more than 3 billion shares issued and outstanding, and was not reflecting the reality."
"After cancelling almost 3 billion shares, NEUROMAMA, LTD. has 630 million share issued and outstanding and in the opinion of the management is still highly overvalued taking into consideration of Facebook offer of only $3 billion for Snapchat.com. However, right now Search Engine sector is one of the hottest sectors with a lot of money flowing into this sector right now and there is a growing sense of urgency to capitalize on the booming investor interest in new Search Engine Internet stocks — as evidenced by every search engine IPO ever launched, which has delivered enormous profits to the initial investors. Lycos, Alta Vista, Magellan, InfoSeek, Yahoo, Google … all of them … made their ground-floor, private backers very, very wealthy." Igor Weselovsky, Neuromama, LTD's President and CEO said.
"NEUROMAMA, LTD. company has an Internet Platform with NeuroMama.com Search Engine based on neural technology, the NeuroBrowser cross-platform secure browser, simple to use email service, financial services, TViMama.com - Video-On-Demand streaming media broadcasting live television and content of the library. The NeuroZone online shopping and NeuroMANIA.com social networks with broad categories based on interests is in the last stage of implementation."
"NEUROMAMA, LTD. is also in the implementation stage of mechanisms creating large inventory of advertising in preparation to be offered for sale to advertisers, as well as the inventory for advertising NEUROMAMA, LTD. own products and services."
"With recent filing of an 8-K disclosing an acquisition of library of entertainment assets and after appraising this library based on monetization potential of this asset, we hope to qualify in the near future for NASDAQ GS, NASDAQ Capital Market or move to another more prominent stock exchange than NASDAQ OTCBB."
"The company is ready to implement marketing strategies to increase visibility of NeuroMama Internet Platform via advertising over the internet and by monetizing recently acquired library, converting it into television advertising." Continued Igor Weselovsky.
"Although NEUROMAMA, LTD. stock is highly overpriced, our international team is ready to turn investors perception into reality. We will do our best to deliver value to the Investors who are looking for the value, by accelerating development of Generation Two of revolutionary All-In-One Internet platform."
"Now that most of the divisions are in operation and will start to generate revenue, the board felt it was time to reduce the market value of the company by bringing the value of NEUROMAMA, LTD. shares to a level which makes company stock more attractive as an investment for all classes of institutional and individual investors."
Weselovsky noted that in recent years thousands of corporations, including Ford Motor Company, Broadway Financial, Sirius XM and Dominos Pizza have undergone recapitalizations to further their financial objectives and return greater value to their shareholders.
Asked about the company's plans for its Generation Two build out, Weselovsky said, "With NeuroMama.com up and running and drawing rave reviews for its ultra accurate, neural technology-powered search engine, its revolutionary Frequent Search Rewards program and it's ultra-user-friendly Neuro-Mail webmail system … with the NeuroBrowser – especially in the iPad and Android markets -- doing incredibly well … with the NeuroMANIA social networks coming in ahead of schedule … with the NeuroZone mall attracting more tenants daily and all our other subsidiaries meeting or exceeding their timeframe targets, we decided to turn up the fire sooner than we'd originally planned."
"At this point, Generation Two will focus on enhancing NeuroMama.com's unique ability to mimic human thought processes while learning from every new search, the NeuroZone's technological advancements, anchor tenants and third party oversees fulfillment with credit card processing …. It will become the true online mall-crawling environment, expanding TVIMama.com's library of TV episodes, feature films, sports programs and documentaries, and adding more than 120 new special interest social networks to the NeuroMANIA platform."
Other Generation Two initiatives will include development of dedicated local news sites for the majority of significant communities around the globe, expansion of NeuroMama.com's industry leading financial news (http://finance.neuromania.com) and parentally friendly children's site (http://kids.neuromama.com)
ABOUT NEUROMAMA, LTD.
Located in Novosibirsk, Russian Silicone Valley, Neuromama.com LTD, is the parent company of the neural intelligence-powered http://Neuromama.com search engine and related Internet services such as the NeuroZone Malls of the World, the NeuroBrowser and the NeuroMANIA family of social networks. NEUROMAMA, LTD. is also developing is highly vested Live Entertainment http://FantazmusCircus.com and in TV production via Fantazmus Studios, international multi-language streaming media distribution via TVIMama.com, and network/cable distribution of NeuroZone TV Network. The company is currently deploying an advanced, next-generation Internet Content Distribution Platform (CDP) that will offer e-commerce merchants and entertainment programmers the most secure, fastest, and robust digital delivery system yet developed. NEUROMAMA, LTD. supports initiatives in Heavy Ion Fusion, which will create synthetic fuels, electricity and desalinated water, while cleaning the ecology. http://www.youtube.com/watch?v=efWC0KmtRFE
This document may contain forward-looking statements that involve risks, uncertainties, and assumptions. Further information on these and other Risk Factors that could affect our financial results is included in the reports and filings we make with the Securities and Exchange Commission.
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