Ft. Lauderdale, Fla.-based North American Liability Group (NALG) reported that the company’s Board of Directors has approved a 1 for 30 reverse split.
The reverse split will take effect on July 14, 2004, for shareholders of record on July 5, 2004. As a result of this split, there will be approximately 3,000,000 shares of common stock issued and outstanding.
In commenting on the split, Bradley Wilson, president NALG stated, “The reverse is necessary to complete our planned acquisition of NKS.”
NALG is an insurance processing company that integrates universally compatible applications and infrastructure to manage and process insurance applications, claims and settlements.
Was this article valuable?
Here are more articles you may enjoy.