Rewards Nexus Inc. (OTCPink: ERNI) announced today that on March 19, 2015 the Company filed an amendment to its Articles of Incorporation with the State, authorizing a 1-for-100 reverse split of all its issued and outstanding common shares as well as its name change to One Step Vending Corp.
Following submission to FINRA, One Step Vending Corp. was notified that the effective date for the reverse stock split will be April 3, 2015. The Company's common stock has also been assigned with the following new CUSIP number: 68246L104.
After the reverse stock split becomes effective, every one hundred shares of the pre-split issued and outstanding common shares, par value 0.00025 per share, will be automatically converted into one post-split common share without any change in the par value of the shares. All fractional shares will be rounded up on a per certificate basis. Moreover, The Company's stock symbol will trade as ERNID for 20 business days, after which, the symbol will change to KOSK.
The Company’s transfer agent, Pacific Stock Transfer, will act as exchange agent for the reverse stock split and will provide shareholders of record with further instructions on the exchange of their pre-split certificates. Stockholders who hold their shares through a brokerage account will be contacted by the banks or brokers with any relevant instructions.
As part of the renaming process, the Company is currently working on changes in their website. Till these changes are done, the old website www.rewardsnexus.com will be available for informational purposes.
Mr. Brian Duke, President of One Step Vending, Corp. stated "We decided to proceed with the Company’s name change because we intend to shift our business activities. We also considered that it was in the best interest of the Company to proceed with this reverse stock split after giving considerable thought on the current trading price and our future plans. The reverse split will cause the increase of the trading price, making our stock more attractive to a broader range of investors”.
About One Step Vending Corp.
One Step Vending offers U.S. retailers innovative loyalty solutions including rewards and gift card programs, along with emerging marketing strategies aimed at consumers. One Step Vending grows through acquisitions and cooperative agreements with companies that have high potential and capabilities of achieving sustainable growth, resulting in a rapidly acquiring market share. The Company builds key strategies for its subsidiaries while providing financing and operational business support.
Issued by One Step Vending, Corp.
For further information in this release please contact Mrs. Vasiliki Anagnostou at One Step Vending, Corp. on tel.: 212-688-1007, e-mail: info@onestepvend.com .
This document was produced by and the opinions expressed are those of One Step Vending, Corp. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of One Step Vending, Corp. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable, but One Step Vending, Corp. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "could", "stands to" and "continues", as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of One Step Vending, Corp., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. One Step Vending, Corp. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.