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BRIEF-ProSep declares share consolidation

Oct 5 (Reuters) - ProSep Inc :

* Announces share consolidation

* Issued & outstanding common shares to be consolidated on basis of 1

post-consolidation earnings per share for 20 pre-consolidation earnings per

share

* Consolidation will reduce issued and outstanding common shares from 420

million to 21 million post-consolidation

* Says no fractional common shares will be issued pursuant to the consolidation

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