Globestar Industries Inc. Business Solutions Inc. Company Announcement
August 7, 2014
OTC Disclosure & News Service
Buffalo, WY– Globestar Industries Inc. (GSTI) The Company would like to announce that effective August 7, 2014 as approved by FINRA, that every one hundred shares of the Company's issued and outstanding Common Stock has been converted into one share of Common Stock. Any fractional share resulting from the Reverse Stock Split will be rounded up to the next whole share.
As a result of the Reverse Stock Split, the total issued and outstanding shares of the Company's Stock has decreased for 91,587,093 to 915,871 outstanding. The Company has also effected as of July 9, 2014 a name change to Globestar Industries Inc. The name change will be followed by a new symbol (GSTI) and a new Cusip:37958P108.
FORWARD LOOKING STATEMENT
This news release includes forward-looking statements that reflect New China Global Inc.'s current expectations about its future results, performance, prospects and opportunities. New China Global Inc. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to New China Global Inc. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Copyright © 2014 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.