Las Vegas, Nevada (PRWEB) March 12, 2007
The Axess Media Group, Ltd. (OTC: AXMG) announced today, that its majority-owner(s)-in-interest shareholder(s) have approved a Plan of Merger, and significant reverse split of the company's issued and outstanding capital stock; with a record date of February 28, 2007. This corporate action takes effect at the opening of business on Monday, March 12, 2007.
The post-Merger consolidated company will now be known as The Media Globo Corporation ("Media Globo"), and its new OTC trading symbol shall be "MDGB". Media Globo (PK: MDGB) and its emerging affiliates may also be tracked at http://www.pinksheets.com and http://www.bloomberg.com ; as well as other noted stock market web sites.
Pursuant to one or more special meeting(s) and approval(s) by its shareholders, Axess Media entered into a Merger and Acquisition Agreement with The Media Globo Corporation, a Delaware company, on January 31, 2007; detailing the Plan of Merger between the two entities. Articles of Merger were lawfully filed with the State of Nevada on February 7, 2007; and the reverse split, name and symbol change were duly authorized by The NASDAQ Stock Market, Inc.; in advance of the March 12th opening date.
This undertaking follows a related Axess Media December 28, 2006 announcement. All predecessor AXMG and BGIX common and preferred shares issued and outstanding prior to the record date, whether unrestricted or restricted, are subject to the same 1:10,000 reverse stock split. Further shareholder meetings have been noticed and additional announcements are expected. More information can also be obtained by contacting the company's investor relations by e-mail; or by toll-free telephone at: 1-866-GO-AXESS / 1-866-462-9377.
Safe harbor statement
Included in this press announcement and referenced hereunder are Axess Media Group, ltd. Forward-looking statements and projections 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. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct nor relied upon for investment purposes.
The Axess Media gGroup, ltd.
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