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INNOTELCO, INC. ANNOUNCES NAME CHANGE TO GREEN AMERICA LAND HOLDINGS, INC., CHANGE IN CONTROL OF THE COMPANY'S MANAGEMENT AND CONTROL SHAREHOLDERS, 100:1 REVERSE STOCK SPLIT, RELOCATION OF CORPORATE OFFICE TO SAN DIEGO, AND STOCK SYMBOL CHANGE TO "GALH.PK
INNOTELCO, INC. ANNOUNCES NAME CHANGE TO GREEN AMERICA LAND HOLDINGS, INC., CHANGE IN CONTROL OF THE COMPANY'S MANAGEMENT AND CONTROL SHAREHOLDERS, 100:1 REVERSE STOCK SPLIT, RELOCATION OF CORPORATE OFFICE TO SAN DIEGO, AND STOCK SYMBOL CHANGE TO "GALH.PK.
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[{"type":"text","content":"SAN DIEGO, CALIFORNIA, April 24, 2008 -- Innotelco, Inc., a Wyoming company whose shares have been publicly quoted for sale on the Pink Sheets under the trading symbol \"ILCI.PK\" (the \"Company\" or \"Green America\"), today announced that (i) the Company has changed its name to \"Green America Land Holdings, Inc.\", (ii) the Company has effectuated a change in control of the Company's management and control shareholders, including the resignation of all prior members of the Company's board of directors, (iii) the Company has effectuated a one-for-one hundred (1:100) reverse stock split (the \"Reverse Split\") of the Company's Common Stock by which each stockholder of the Company shall receive one share of Common Stock for every one hundred shares of Common Stock of the Company that they presently own, (iv) the Company has relocated its corporate office to San Diego, California, and (v) effective April 15, 2008, the following persons were appointed as the officers and directors of Green America: (a) Blair Krueger, Chief Executive Officer, President and Chairman of the Board of Directors; (b) Jon Roylance, Director and Corporate Secretary; (c) Mark A. Livingston, Chief Operating Officer; and (d) James E. Lucas, Chief Financial Officer. \n\nGreen America also announced today that effective as of April 24, 2008, its trading symbol has changed to \"GALH.PK\" from its previous trading symbol, \"ILCI.PK\". The immediate effect of the Reverse Split will be to reduce the number of presently issued and outstanding shares of Common Stock from 4,977,609 to 49,776 shares. The effective date of the Reverse Split shall be April 15, 2008.\n\nThe Company was incorporated in the Municipality of Toronto, Province of Ontario, Canada on July 22, 1980 as \"Silverclaim Lake Resources Inc.\". At its inception, the Company was engaged in the exploration, development, mining and refining of natural resources in Canada. On April 27, 1981, the Company changed its name to \"Silver Lake Resources Inc.\", and again changed its name on July 28, 1986 to \"International Platinum Corporation.\" On December 31, 1987, the Company merged, as the surviving entity, with Platinum Exploration Canada Inc., a Canadian mining company. On October 11, 1995, the Company changed its name to \"International Precious Metals Corporation\". In 2002, the Company entered into Chap...