LAMBDA TD Software’s Reverse Stock Split Goes Into Effect
(firmenpresse) -
LAMBDA TD Software’s Reverse Stock Split Goes Into Effect - New Listing Venue Announced Soon
LAS VEGAS (NV), December 12, 2012: LAMBDA TD Software Inc. (FRANKFURT, Symbol: XLS, ISIN: US51327T2042, WKN: A0YJT2) today announced that the 1-for-150 reverse stock split of the Company's outstanding shares will become effective upon the market closing on December 12, 2012. Please note the new ISIN US51327T2042. No actions are required by current LAMBDA shareholders, since the share conversion will automatically go into effect.
Robert M. Corcoran, CEO of LAMBDA TD Software, comments, “2012 has been LAMBDA’s best year yet. We have been able to capitalize on what we have built. Being a publicly traded company is an important aspect of our success. We are not only fully committed to being a publicly traded company, but we have a clear goal to move very soon to a regulated market segment of a major stock exchange to provide maximum transparency and attract private and institutional investors to be part of LAMBDA’s aggressive growth plans. We regret the closing of the First Quotation Board on December 15, 2012, but we have been exploring various new listing venues and will communicate our decision with a public announcement shortly.”
As previously announced, LAMBDA TD Software Inc. has completed a capital increase of USD $490,000 in order to accelerate its development. The capital increase was implemented by the issuance of 3,266,667 shares at par value of USD $0.15. LAMBDA TD Software is on track to double last year’s revenue, with annual sales expected to exceed USD $3,100,000, and annual net income expected to exceed USD $2,200,000 by the end of 2012.
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ABOUT LAMBDA TD Software, Inc.
LAMBDA TD Software, Inc. (www.lambdatdsoftware.com) is a Las Vegas‐based Smart Home Automation company that develops and installs LFE™ FIVE (pronounced "Life 5”), the first cloud‐based smart home automation and universal remote control platform operated by LAMBDA’s patented LFE™ touch panel system. LAMBDA was founded in 2006 and provides smart home technology solutions to both commercial and residential customers. The flagship product, LFE™ FIVE (LAMBDA FIVE ENVIRONMENT), is the first open system, open architecture remote control system designed for homes, businesses, schools, hospitals, and municipalities. With LFE™ FIVE (LAMBDA FIVE ENVIRONMENT) entire high‐rise buildings can become connected and turned Green, an approach that is in many U.S. areas supported with government, carbon offset credits, and Green Tax credits. CONTACT: Robert Corcoran at (702) 998-6465 Robert(at)lambdaTDsoftware.com.
Leseranfragen:
LAMBDA TD Software Inc
1755 Village Center Circle
Ste. 110-150
Las Vegas, NV 89134-0562
Pascal Niedermann / Investor Relations
Tel.: +1 (646) 873-7728
E-Mail: pascal(at)lambdatdsoftware.com
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