Zcom Networks, Inc. Announces Company Is Retiring 500,000,000 Shares of Common Stock Back to Its Treasury
ZCOM NETWORKS, INC., a publicly traded company, announced today that the company is retiring 500,000,000 shares of common stock back to its treasury. This action effectively reduces the total issued and outstanding common shares by 500,000,000 shares, in line with the company’s strategy to enhance shareholder value. “We are taking appropriate actions to enhance shareholder value and today’s announcement is in line with this strategy. We believe our current price per share is undervalued and we will continue our best efforts to increase the company’s valuation through such measures as we implement our overall plan of growth,” said CEO Dr. Alex Parsinia.
For more information, visit www.zcomnetworks.net.
Zcom is a multi-industry holding company with diversified interests including, among others, wholly owned subsidiaries, Allied Mineral Group, Inc., a mining development, exploration and extraction company with the 160 acre gold, silver, tungsten, platinum and copper placer mining claim CLS#12 in Ridgecrest, California
