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Itokk Inc
Itokk, Inc. announces FINRA approval for reverse stock split
Business
Nov 13 2010
4 min read

Itokk, Inc. announces FINRA approval for reverse stock split

ITOKK, INC.

Suite 200 – 375 Water Street

Vancouver, BC V6B5C6

Telephone: 408-419-1719

 

News Release

 

November 13, 2010                                                                                                                                            Trading Symbol: IKTO

 

ITOKK, INC. RECEIVES FINRA APPROVAL FOR REVERSE STOCK SPLIT 


VANCOUVER CANADA, Nov 13, 2010 (PINK: IKTO), Itokk, Inc. today announced that it received approval from the Financial Industry Regulatory Authority ("FINRA") on Nov 12, 2010 clearing the reverse stock split previously approved by its stockholders and disclosed on September 29, 2010. According to FINRA's approval, the reverse stock split will take effect on Monday, November 15, 2010 ("Effective Date"). On the Effective Date, the Company's trading symbol will be changed from "IKTO" to "IKTOD" for approximately 20 business days after which it will revert to IKTO. Upon the effectiveness of the reverse stock split, there will be 4,919,765 shares of our common stock issued and outstanding.

 

All records of the Company's transfer agent, Island Stock Transfer will be updated to reflect the change. On the Effective Date, Island Stock Transfer will provide instructions to stockholders relating to the issuance of book-entry evidence of ownership giving effect to the reverse stock split and to the issuance of new stock certificates. Shares held as part of the DTC System will be automatically adjusted on the same basis.

 

About ITOKK

ITOKK, Inc., an innovative communications company, offers flexible, next-generation telephony solutions for consumers and businesses. ITOKK's flagship product Npoints-Framework and developers platform make it simpler, cheaper and faster to build communications functionality into applications, enabling carriers and networks to introduce new revenue-generating voice services in days, rather than months. By combining the Itokk platform and innovative products with carriers across the globe, Itokk has the potential to deliver the industries most explosive growth of innovation and in IP telephony. The worlds newest leading global IP telephony company is headquartered in Vancouver, Canada.

ADDITIONAL INFORMATION about Itokk, Inc. can be viewed on the Company's Web site:
www.itokk.com


SAFE HARBOR

Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Itokk, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Itokk, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete
projects, and changes in products and competition. SOURCE ITOKK, Inc.

Contact Information
Kevin Penstock, CEO; [email protected]

WebSite:
http://www.itokk.com/