Vegas Equity International Corp. Begins Trading Today Under New Ticker Symbol VGSI.PK
LAS VEGAS--VEGAS EQUITY INTERNATIONAL CORP. was quoted on the pink sheets at “VGSE.PK” until yesterday and is now quoted as “VGSI.PK” starting today.
Mr. Gordon Forgey, President is pleased to announce that today the Company successfully completed a 1 for 2,000 reverse split which was undertaken to make the Company a more viable investment. As a result of the restructuring, the Company now has only 2,449,458 common shares outstanding at the present time.
The Company is also currently negotiating with a Your Auto Service, a Nevada corporation that has two franchised auto service locations in operation in New Mexico. Negotiations are expected to conclude this week. Your Auto Service also has connections in California and Nevada to over 100 franchised automotive service locations in the Southwestern United States.
There is no guarantee that these negotiations will produce any results, however the Company is very optimistic in this regard.
Disclaimer:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.