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FLEXXTECH GETS NEW STOCK SYMBOL - "FLXC" IN RESPONSE TO 3-FOR-2 SPLIT
FOR: FLEXXTECH CORPORATION
BUSINESS CONTACT: Flexxtech Corporation
Greg Mardock, President
(310) 342-0794
5777 W. Century Blvd., Suite 767 Los Angeles, California 90045
MEDIA CONTACT: Luminary Ventures
Larry Donizetti, CEO
(727) 934-6761
FOR IMMEDIATE RELEASE
FLEXXTECH GETS NEW TRADING SYMBOL - FLXC"
IN RESPONSE TO 3 FOR 2 STOCK SPLIT
(New Symbol and Stock Split is Effective on March 27, 2001)
Los Angeles, California, March 25, 2001 . . . Flexxtech Corporation (the Company") (OTC: FLXT) announced today that it was issued a new stock symbol from Nasdaq. The Companys common stock will begin trading on March 27, 2001 under the new symbol FLXC". Shareholders of record on March 26, 2001 will receive 3 shares of common stock for every 2 that they own.
The Companys annual report on Form 10K is anticipated to become available at the end of March. The Company will post record sales for the year 2000 and expects the trend to continue with record sales and earnings for 2001. The Company recently announced it signed a Letter of Intent to acquire Electronic Drilling Control, Inc. (EDC"), and its wholly-owned subsidiary, Ozone Systems, of Dallas, Texas. Under the terms of the LOI, EDC, a $13 million concern, is expected to sell 90% of its common stock to the Company.
About Flexxtech Corporation
Flexxtech Corporations (OTC: FLXT) investment objective is to build a $3 billion holding company in the next three years by acquiring, developing, operating, and investing primarily in growth technology companies. The Company is leveraging its acquisitions by focusing its roll-up strategy in highly profitable, yet fragmented businesses, including but not limited to, the printed circuit board industry. The companys strategy supports and also promotes opportunities for investment in undervalued situations and synergistic business relationships among the companies in which it has investments.
Flexxtech through its wholly-owned subsidiary Flexxtech Holdings, Inc. currently owns 100% of Mardock, Inc.; 80% of Primavera Corporation, the parent company of North Texas Circuit Board Co., Inc.; 82% of OpiTV.com, 100% of Flexx Capital Partners, Inc., and other investments. Additional information on Flexxtech can be viewed at its web site at: www.flexxtech.com.
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and Section 21e of the Securities Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in managements control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.
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