Business
Innovativ Media Group (INMG) to Decrease Authorized Shares
Innovativ Media Group (INMG) to Decrease Authorized Shares.
About this update from Demand Brands, Inc.
[{"type":"text","content":"\n \n \n Innovativ Media Group (INMG) to Decrease Authorized Shares\n \n \nInnovativ Media Group (INMG) to Decrease Authorized Shares\n \n LOS ANGELES, CA--(Marketwired - Feb 25, 2016) - Innovativ Media Group, Inc. (OTC PINK: INMG) (\"Company\") announced today that the Company will decrease its authorized common shares from 9,960,000,000 to 5, 560,000,000.\n The capital re-structuring will be effective upon the filing with the Washington Secretary of State.\n About Innovativ Media Group, Inc.\n Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content. It has acquired many of the assets of Lux Digital Pictures including a library of feature motion pictures and, via New Broadway Cinema, develops adaptations of stage shows utilizing its trademarked DigiTheater™ Virtual Reality process. Innovativ also operates The Alien Interview Channel on YouTube, in partnership with FullScreen, Inc., is producing the new web series \"Mountains of Madness\" and is a principal in the Film Finance Exchange. http://innovativmedia.com\n Forward-Looking Statements\n This press release contains certain \"forward-looking\" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward‐looking public statements concerning its expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.\n\n \n \n \nContact:\nInvestor Relations\[email protected]\n510-948-4000 \n\n\n \n \n \n \n \n \n ","length":2796,"tagName":"div"}]