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Tue, February 21, 2012
US National Telecom Announces Changes to Its Capital Share Structure
February 21, 2012 13:28 ET
US National Telecom Announces Changes to Its Capital Share Structure
MIAMI, FL--(Marketwire - Feb 21, 2012) - US National Telecom, Inc. (
US National Telecom Inc. Board of Directors have filed with the Secretary of State to change its authorized common stock. The existing authorized common stock is 40 billion shares. The Board has decided to reduce its common stock by 35 billion shares to enhance the value in the company. The company expects the change to be effective with the Secretary of State within a few days.
CEO Rebecca Guthrie stated, "We have made the change to better reflect the valuation of the company moving forward. Other changes may be made to enhance shareholder value in the future also. This decision better reflects where we are at in this moment of time. We will proactively keep up to date with the structure of our company and make the necessary changes when we need to."
US National Telecom, through its subsidiary Florida Bay Investments, Inc., plans to invest in cash flow properties in multiple real estate markets throughout Florida. The markets that have been targeted include Gainesville, Tampa, St. Petersburg, Orlando, and Jacksonville, Florida. Further acquisitions in Miami, Ft. Lauderdale, and Palm Beach, Florida are also being considered in the due diligence currently underway.
US National Telecom is a Florida based company. It is a development stage company looking to acquire real estate interests that offer positive cash flow returns. It has a website: [ www.usnationaltelecominc.com ]