VITRIX Announces Effective Date for Reverse Stock Split

Apr 02, 2001, 01:00 ET from VITRIX, Inc.

    TEMPE, Ariz., April 2 /PRNewswire/ -- VITRIX, Inc.
 (OTC Bulletin Board:   VTTX) today announced that the 1-for-10 reverse stock
 split approved by its shareholders on Friday, March 30, 2001, will become
 effective at 7:30 p.m. (EDT) on Wednesday, April 4, 2001.
     Accordingly, VITRIX common shares trading on the OTC Bulletin Board will
 trade on a reverse split basis beginning at the opening of the market on
 Thursday, April 5, 2001.  The Company's new CUSIP number for such post-reverse
 stock split shares will be 92850R 20 7.  Upon the effectiveness of the reverse
 stock split, every 10 shares of the Company's common stock will be converted
 and reclassified into one share of post-split common stock.  Shareholders will
 not receive certificates for shares of post-split common stock and should not
 forward certificates to the Company.
 
     About VITRIX, Inc.:
     VITRIX, Inc., based in Tempe, Arizona, is a developer and provider of
 workforce management solutions for businesses of all sizes.  VITRIX products
 improve productivity by automating collection of time and attendance data,
 staff scheduling and management of labor resources.  For more information
 please visit the VITRIX Web site at http://www.vitrix.com.
 
     Certain information and comments contained in this press release may be
 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).  Factors set forth in the Company's Annual Report on Form 10-KSB for
 the fiscal year ended June 30, 2000, its subsequent Form 10-QSB filings
 together with other factors that appear in this press release or in the
 Company's other Securities and Exchange Commission filings could affect the
 Company's actual results and could cause the Company's actual results to
 differ materially from those expressed in any forward-looking statements made
 by, or on behalf of the Company, in this press release.
 
     For further information, please contact Kyri McDonough, Marketing of
 VITRIX, Inc., 480-967-5800, ext. 407, kyrim@vitrix.com.
 
 

SOURCE VITRIX, Inc.
    TEMPE, Ariz., April 2 /PRNewswire/ -- VITRIX, Inc.
 (OTC Bulletin Board:   VTTX) today announced that the 1-for-10 reverse stock
 split approved by its shareholders on Friday, March 30, 2001, will become
 effective at 7:30 p.m. (EDT) on Wednesday, April 4, 2001.
     Accordingly, VITRIX common shares trading on the OTC Bulletin Board will
 trade on a reverse split basis beginning at the opening of the market on
 Thursday, April 5, 2001.  The Company's new CUSIP number for such post-reverse
 stock split shares will be 92850R 20 7.  Upon the effectiveness of the reverse
 stock split, every 10 shares of the Company's common stock will be converted
 and reclassified into one share of post-split common stock.  Shareholders will
 not receive certificates for shares of post-split common stock and should not
 forward certificates to the Company.
 
     About VITRIX, Inc.:
     VITRIX, Inc., based in Tempe, Arizona, is a developer and provider of
 workforce management solutions for businesses of all sizes.  VITRIX products
 improve productivity by automating collection of time and attendance data,
 staff scheduling and management of labor resources.  For more information
 please visit the VITRIX Web site at http://www.vitrix.com.
 
     Certain information and comments contained in this press release may be
 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).  Factors set forth in the Company's Annual Report on Form 10-KSB for
 the fiscal year ended June 30, 2000, its subsequent Form 10-QSB filings
 together with other factors that appear in this press release or in the
 Company's other Securities and Exchange Commission filings could affect the
 Company's actual results and could cause the Company's actual results to
 differ materially from those expressed in any forward-looking statements made
 by, or on behalf of the Company, in this press release.
 
     For further information, please contact Kyri McDonough, Marketing of
 VITRIX, Inc., 480-967-5800, ext. 407, kyrim@vitrix.com.
 
 SOURCE  VITRIX, Inc.