Exit Only, Inc. EXTO
We are continuously pleased with EXTO’s performance, and had to send out an emergency alert regarding the UNBELIEVABLE and unexpected news out this morning! A share reduction is almost always a ticket to explosive gains, and the explosion has begun! We are patting ourselves on the back bigtime right now for covering this awesome play in such a timely fashion.
SANTA MONICA, CA, Aug 29, 2011 (MARKETWIRE via COMTEX) — Exit Only, Inc. (PINKSHEETS: EXTO) today announced that its recently acquired Bayport Corporation, at a directors’ meeting on August 26, 2011, approved an amendment to its Articles of Incorporation reducing the number of Authorized Shares from 3,000,000,000 down to 850,000,000. This change is effective immediately and will be reflecting in the Nevada SOS database shortly.
President of Bayport James L. Porter was quoted as saying, “Reducing the Authorized Shares down by 71.6% should enhance investor confidence while eliminating any illusion of dilution.” In addition, the company has registered with FINRA to commence the process for a name change to Bayport Corporation as well as a new symbol. When these changes are made, the company will apply for a new CUSIP number.