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TOPIC: URMD - UroMed Corp.

URMD - UroMed Corp. 12 years 3 months ago #1117

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[1 for 30 reverse split coming soon...]
MATERIAL TERMS OF THE REVERSE SPLIT

The Board has unanimously adopted and the consenting stockholders have approved a resolution, attached as Exhibit A hereto, to effect a one-for-thirty (1:30) reverse stock split of the Common Stock and Series A Preferred Stock of Uromed (the "Reverse Split"). The resulting share ownership interest including resulting fractional shares for each individual shareholder shall be rounded up to the first whole integer. The Board and the consenting stockholders believe that the Reverse Split is in Uromed's best interests, principally because it will enable Uromed to issue additional shares in connection with a reverse merger or other business-combination transaction related to its ongoing efforts to acquire an operating business. As of the date of this Information Statement, Uromed is not negotiating with any party nor has it identified any potential business combination candidate.

The immediate effect of the Reverse Split will be to reduce the total number of shares of Uromed Common Stock from approximately 15,601,262 shares to approximately 520,042 shares of Common Stock issued and outstanding and the total number of shares of Series A Preferred Stock from 900,000 shares to 30,000 shares issued and outstanding. The Company's authorized number of Common Stock, 100,000,000 shares, par value $0.0001, and Preferred Stock, 1,000,000 shares, par value $0.0001, will remain the same after the Reverse Split.

The Reverse Split will affect all of the holders of Uromed's Common Stock and Series A Preferred Stock uniformly and will not materially affect any stockholder's percentage ownership interest in Uromed or proportionate voting power, except for insignificant changes that will result from the rounding of fractional shares.

The Reverse Split is expected to become effective on or about January __, 2007 (the "Effective Date"). The Reverse Split will take place on the Effective Date without any action on the part of the holders of Uromed's Common Stock and Series A Preferred Stock and without regard to current certificates representing shares of Uromed's Common Stock or Series A Preferred Stock being physically surrendered for certificates representing the number of shares of Uromed Common Stock and Series A Preferred Stock each stockholder is entitled to receive as a result of the Reverse Split.

No fractional shares will be issued in connection with the Reverse Split. Any fractional share will be rounded up to the first whole integer.

The Board resolution and stockholders' consents granting the authority to effect a one-for-thirty reverse stock split of the Common Stock and Series A Preferred Stock of Uromed is attached hereto as Exhibit A.

www.sec.gov/Archives/edgar/data/917821/0...07000002/urmd14c.htm
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URMD - UroMed Corp. 12 years 9 months ago #989

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[URMD - UroMed Corp.]
Being added back to the OTCBB:

URMD UroMed Corporation Common Stock 07/19/2006 From NBB (URMD) **

OTCBB iinfo
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