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