SUN VALLEY, Calif., Sept. 25, 2007 (PRIME NEWSWIRE) -- Summus Works, Inc. (Pink Sheets:SMMW) announced the Company has received final approval from NASDAQ for the name change, new trading symbol, and reverse split to become effective on Wednesday, September 26, 2007 at the open of trading. The name shall change from Summus Works, Inc. to Extend Medical Corporation. The symbol will change from "SMMW" to "XMDC". The reverse split will be based on the ratio of 8334 to 1.
The Company issued the following statement:
"The process of completing the name change, new trading symbol, and reverse split has allowed the company to begin its transformation into a major player in the healthcare sector. We appreciate our current shareholder's patience regarding this matter. This corporate restructuring will allow us to execute our plans to reach our goals of $60 million in revenue for 2008 and $110 million in revenues for 2009 as well as positioning the company to seek out acquisitions in order to bring in additional revenues and value to the company. Our new structure will be 150 million authorized shares with 65 million outstanding," stated Mr. Paul D. Lisenby, President of Summus Works, Inc.
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