GEORGETOWN, SC -- (Marketwired) -- 02/18/14 -- Aventura Equities, Inc.'s (OTC Pink: AVNE) board of directors has announced that as part of its previously announced "change in corporate direction," that it has approved a change in capital structure of the Company.
The Company's board of directors has approved a forward split of the common shares of the Company. As part of the approval the Company will increase their authorized shares to 750,000,000 shares. The forward split will be nine (9) shares of common shares for every one currently held. These changes and the actual date of distribution will be subject to acceptance by the Secretary of State of Florida and FINRA which will be filed this week.
"We believe that this action will create more liquidity for our shareholders and the Company will have better opportunities presented as a result of these actions," stated Mr. Richard Armstrong, Chief Executive Officer and director of the Company. Mr. Armstrong went on to say, "We are excited with the opportunities that have been presented and we believe that our current direction will greatly enhance shareholder value, which of course has always been our goal."
The Company will promptly inform the public when it receives the effective dates of the split from FINRA.
Disclaimer: Forward Looking Statements
This release contains statements relating to future results which are forward-looking statements. These statements are not historical facts and are not guaranteed, but instead represent only the good faith belief of AVNE management as of the date of this release. Future events are by their nature inherently uncertain and outside of AVNE's control. It is possible that AVNE's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions of securities laws in force as of the date of this release. AVNE does do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.