NEW YORK, Oct. 4, 2013 (GLOBE NEWSWIRE) -- International Safety Group Inc. (ISGI) (the "Company") announces that its board has approved a reverse stock split at an exchange ratio of 100 for 1. The number of authorized shares of common stock was also reversed at the same ratio. The reverse stock split will be effective at the opening of trading on Thursday, October 10, 2013. The common stock will continue to trade on the OTC Markets under the same symbol (ISGI).
When the reverse stock split becomes effective, every 100 shares of issued and outstanding common stock will automatically be combined into one share of issued and outstanding common stock without any change in the par value per share. Stockholders will not receive fractional post-reverse stock split shares in connection with the reverse stock split; fractional shares will be rounded up.
About International Safety Group
International Safety Group provides turnkey occupational risk management services, including construction safety, fire safety, training and supplies on major construction projects throughout New York City and the tri-state area. http://www.isafetygroup.com
Forward Looking Statements
This letter contains certain forward-looking statements of our intentions, hopes, beliefs, expectations, strategies, and predictions with respect to future activities or other future events or conditions. These statements are usually identified by the use of words such as "believe," "will," "anticipate," "estimate," "expect," "project," "plan," "intend," "should," "could," or similar expressions. These statements are only predictions and involve known and unknown risks, uncertainties and other factors. Actual results may be materially different from the results, levels of activity, performance or achievements, express or implied by these forward-looking statements.
Although we believe that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this report will prove to be accurate. We will not update these statements unless the securities laws require us to do so. Accordingly, you should not rely on forward-looking statements because they are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those contemplated by the forward-looking statements.
CONTACT: Michael R. Gianatasio, P.E. CEO International Safety Group 708 3rd Avenue, 11th Floor New York, NY 10017 Office: (212) 344-1105 Direct Fax: (914) 470-1133 Corporate Advisory: Anthony Furey Managing Partner Fastnet Advisors, LLC 4 West Main Street Bay Shore, NY 11706 Office: (631) 665-1234 Direct Fax: (917) 554-7635
Source:International Safety Group, Inc.