ORO VALLEY, Ariz., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Tautachrome, Inc. (OTC-PINK:TTCM) today announced that it expects the first increment of common share retirement to complete next week, and sharpens goals advancing public awareness.
As previously stated, Tautachrome management intends to keep its shareholders abreast of things that matter to the Company. Currently we are implementing the retirement, in increments, of a substantial number of the common shares owned by the Company’s principal shareholders. In exchange for the common shares the principal shareholders are giving up, the principal shareholders will receive non-trading shares in a new Series D preferred stock with a long lock up period attached to the preferred shares. We anticipate the first retirement increment to be completed next week which was the goal we set out to meet.
The new Series D preferred stock will be filed in Delaware and made public very soon. Share retirement agreements for each of the principal shareholders are being drawn up now; the description of these agreements will be provided upon their execution, also scheduled to complete next week. The total number of shares being retired will be announced at that time.
In addition to the share reduction, the Company’s CEO Dr. Jon N Leonard and his consultants have determined to initiate ongoing investor relations activities with the goals of:
- Better telling of the Tautachrome story to potential investors, aimed at growing company value and stock liquidity.
- Raising public awareness of how our flagship KlickZie technology can beneficially affect users across the globe.
About Tautachrome, Inc.
Tautachrome, Inc. (OTC-PINK:TTCM) is an emerging growth company in the developing digital imagery technology sector. Tautachrome is an Internet technology development company with operations in America and Australia. Tautachrome has revolutionary patents pending, including Talk-to-the-Picture social networking and trustable imagery-based interaction.
Safe Harbor Statement Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome's reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.
Contact: Tautachrome, Inc.
Tel: +1 520 318 5578