Business
Automated-X, Inc. Announces Retirement of 200 Million Shares of Stock
Automated-X, Inc. Announces Retirement of 200 Million Shares of Stock.
About this update from Saddle Ranch Media, Inc.
[{"type":"text","content":"\n \n Automated-X, \n Inc. (OTC Pink: AUTX) today announced that two majority shareholders \n have retired 100 million shares each of restricted stock. This action \n provides the opportunity for Automated-X to have a more cohesive capital \n structure and valuation that will position the Company for expansion and \n growth. The shares were retired to the Company’s stock treasury account \n on January 23, 2015.\n \n \n “Our goal is to continue the methodical development of our Company, \n protect the integrity of the stock structure, and build shareholder \n value. The retirement of this stock reduced the total issued and \n outstanding shares to 114,669,205 shares, significantly increasing the \n ownership percentage of the Company’s public shareholders,” commented \n Tim Regnier, President and COO.\n \n \n “Automated-X is operating in a fast-growing market segment. We are \n strengthening our foundation and positioning the Company to be a major \n contender as opportunities arise,” continued Regnier.\n \n \n About Automated-X, Inc.\n \n \n Automated-X, Inc. (OTC Pink: AUTX), formerly Interline Resources Corp., \n develops and integrates next-generation automated technologies into \n retail store environments and other areas of application where \n efficiency is improved through automation. The Company intends to take a \n leading role in automated retail to constantly raise the bar with \n state-of-the-art convenience, security, and laborsaving technologies. It \n intends to eventually expand its kiosk offerings in other retail growth \n sectors, including other automated technology systems focused on \n convenience and price-driven automation opportunities. For more \n information, visit www.automated-x.com.\n \n \n Forward-Looking Statement\n \n \n This press release contains certain statements that may include \n \"forward-looking statements\" as defined in the Private Securities \n Litigation Reform Act of 1995. These forward-looking statements are \n often identified by the use of forward-looking terminology such as \n \"believes,\" \"expects,\" \"anticipate,\" \"optimistic,\" \"intend,\" \"will\" or \n other similar expressions. The Company's actual results could differ \n materially from those anticipated in these forward-looking statements as \n a result of a variety of factors, incl...