Business
Virogen, Inc. Completes 2nd of Two Steps Towards Cancellation of 1 Billion Shares
Virogen, Inc. Completes 2nd of Two Steps Towards Cancellation of 1 Billion Shares.
About this update from Small Business Development Group, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nVirogen, Inc. Completes 2nd of Two Steps Towards Cancellation of 1 Billion Shares\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nVirogen, Inc. Completes 2nd of Two Steps Towards Cancellation of 1 Billion Shares\n\nCompany Views Removal of Shares from Float as Beneficial to Long-Term Shareholder Value\n\nPR Newswire\n\nSAN GERONIMO, Calif., April 1, 2013\n\n\n\n\n\n\n\nSAN GERONIMO, Calif., April 1, 2013 /PRNewswire/ -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that it had completed the 2nd step in a required two-step process that will result in the cancellation of 1,000,000,000 of its currently outstanding shares. Management expressed its belief that this share cancellation will prove to be beneficial to shareholder value, in the long-term. Completion of the share cancellation process is expected to occur prior to the end of the current quarter. As previously announced management intends to cancel an additional 5,000,000,000 of the company outstanding shares and expects the 2nd step to be completed over the next 30 days.\n\n\n\nAbout Virogen, Inc.\n\n\n\nVirogen, Inc. is a technology holding company. The company's wholly owned subsidiary, Tiger Team Technologies \"T3,\" has developed a very unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients. T3's primary markets include medical service providers, financial services firms, brokerages and currency transaction platforms, consumer credit card companies, banking entities, retailers, defense and government related operations. \n\n\n\nForward-Looking Statements: \n\n\n\n\n\nThis press release contains statements, which may constitute \"forward-looking statements\" within the meaning of the Securities Act of 1933 and the Securities...