JTS International Inc. Announces Name Change and Share Exchange Agreement with Fuji...

Fri Feb 8, 2008 10:43pm EST
 
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JTS International Inc. Announces Name Change and Share Exchange Agreement with Fuji Construction Company Inc.

SALT LAKE CITY--(Business Wire)--
JTS International Inc (Pink Sheets: JTSX) has announced the filing
of a name change and a share exchange agreement with Fuji Construction
Company International, Inc, a U.S. Company doing business in Japan,
and has acquired a new CUSIP number (355955P 105). The new trading
symbol is FJIC (Pink Sheets: FJIC).

   Fuji Construction Company was established in 2002 and its
headquarters are in Tokyo, Japan. FCC's major line of business is
contracting the molding construction of commercial and condominium
buildings averaging a height of 10-15 stories.

   The Company also approved a 1 for 50 reverse stock split of all
currently outstanding shares of the company's common stock par value
$.001 per share, which will result in a decrease in outstanding shares
of the company's common stock from 13,136,126 shares to approximately
262,722 shares. The record date for purposes of calculating the
reverse stock split is the start of business on February 8, 2008, and
the effective date of the reverse stock split commences with the start
of business on February 8, 2008. The company has approved the issue of
fractional shares in connection with the reverse split.

   The reverse split shall have no effect on the number of authorized
shares of Common Stock or the par value of the Common Stock.

   Existing officers and directors of JTSX, Inc: Mr. Eiichiro Hemmi,
President & CEO; Mr. Akihiro Kimura, Treasurer/Director; and Mr.
Makoto Omori, Secretary/Director have been removed.

   Newly appointed officers and directors of JTSX are: Mr. Yoshikatsu
Saito, CEO/President/Director; Ms. Kazuyo Horigane,
Treasurer/Director; Ms. Claire Singleton, Secretary/Director and Mr.
Naruo Shiba, Director.

   These newly appointed officers of the company are hereby
authorized, empowered and directed to authorize delivery of stock
certificates evidencing the Shares issued in connection with the
Exchange Agreement and all such shares be validly issued, fully paid
and non-assessable.

   Forward Looking Statements: The forward-looking statements
contained herein are subject to certain risks and uncertainties that
could cause actual results to differ from expectations reflected in
those statements. The Company undertakes no obligation to publicly
revise these projections to reflect actual events or circumstances
that may arise after date of publication.

Direct Equity International
Gail Deehan, 801-519-2123
gad7755@yahoo.com

Copyright Business Wire 2008

 

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