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Metropolitan Announces Reverse Split and New Stock Symbol
FARMINGTON, Minn. & FRANKFURT, Germany-(Business Wire)-December 4, 2007 - Metropolitan Worldwide, Inc. (the "Company") (OTC:METW) is pleased to announce that the Company has received clearance for its planned reverse split by the NASDAQ. The reverse split with one for ten has been effective on December 3, 2007. The new stock symbol of Metropolitan Worldwide, Inc. at the OTC markets is METW as of this date.
In connection with the new stock symbol Metropolitan is to prepare its balance sheets and to get an audit by an independent CPA. The proposed audit shall set the fundament for the Companies new business strategy and prepare the aspired move for a future quotation of METW's stock on the regulated OTC Bulletin Board.
Michael Berresheim, CEO of Metropolitan Worldwide, Inc. comments: "After having provided all necessary documentation to NASDAQ we are more than satisfied with the realization of this important formal step. The new symbol for Metropolitan will stand for a new era of our Company. Shortly we will issue additional information about the future companies' strategy and its new business objectives."
All information provided within this release pertaining to investing, stocks, securities must be understood as information provided and not investment advice. Metropolitan advises all readers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this release. None of the material within this report shall be construed as any kind of investment advice. In compliance with Section 17(b), we disclose the holding of independently purchased shares of MWWM prior to the publication of this report. Be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares. Shares may be sold at any time, even after positive statements have been made regarding the above company.
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