CARLSBAD, CA / ACCESSWIRE / June 17, 2015 / Strategic Global Investments, Inc. (OTC Pink: STBV) (STBV) (OTC Pink: STBVD) (PINKSHEETS:STBVD), is pleased to announce that post-split trading in its common stock began on June 15, 2015 on the OTC Pink Market. This represents market effectiveness of the Company's 1 for 10,000 reverse stock split, which was previously approved by its stockholders.
The reverse stock split consolidates every ten thousand common shares into one common share. The number of authorized common shares has also been reduced to 100,000,000. As a result of the reverse stock split, the number of the Company's common shares outstanding has been reduced from approximately 45,000,000,000 to approximately 4,500,000 shares, subject to rounding up of all fractional shares to the nearest whole share.
The Company's shares are now traded under the symbol "STBVD" with a "D" added for 20 trading days after the reverse split is accomplished, to signify that the reverse stock split has occurred. A new CUSIP number has been assigned to the Company's common stock as a result of the reverse split. The Company anticipates that this action will lead to a higher market price for the Company's common shares and reduce transaction fees for shareholders trading in an equivalent amount of the new shares versus the old shares as well as expanding the potential market for investors who otherwise might be hindered by certain practical trading limitations.
About Strategic Global Investments:
Strategic Global Investments is a company engaged in providing its customers with various venues to reach their target audience with on demand programming or advertising through Wazillo.com and WazilloMedia.com. WazilloMedia.com is involved in the production of videos for customers and consumers permitting the use of the Company's state of the art studios to produce their own videos and the use of a website where subscribers can make available live, streaming video for their potential audience. The Company produces Internet content, taped video shows, in their state-of-the-art studios in San Diego, California, where the productions can be stored and replayed on Demand 24/7 through the Company's cutting edge Content Management System. For more information visit our website at: www.strategicglobalinvestments.com.
Safe Harbor Act:
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Media Relations
Andrew Fellner
760-685-7171
Website: http://www.strategicglobalinvestments.net/
E-mail: Andy@wazillo.com
SOURCE: Strategic Global Investments, Inc.
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