BELLEVUE, Wash., May 21, 2009 (GLOBE NEWSWIRE) -- Sector 10, Inc. (OTCBB:SECI) (Frankfurt:4SR) announced that it has filed a Form 8K disclosing the final approvals from NASDAQ and the State of Delaware regarding the corporate action involving the reverse split. NASDAQ informed the Company that the reverse split corporate action and a symbol change took effect at the opening of business on May 19, 2009. The Company received notice from NASDAQ that the new trading symbol was SECI.
The reverse stock split restructuring was approved by the Company in order to pursue an acquisition and growth strategy intended to increase shareholder value and establish the company as the premier provider in the emergency response market. The reverse stock split is expected to provide the Company with more flexibility in future acquisition negotiations. The Company recently announced that it entered into a Letter of Intent with one acquisition. Additional acquisitions are currently under review.
Sector 10, Inc. CEO Pericles DeAvila also stated that the latest reverse stock split was part of the ongoing strategy to better position the company for growth. He commented on the fact that several new team members would be also announced by press releases in the coming weeks.
About Sector 10, Inc.
Sector 10, Inc. is redefining the emergency response paradigm from centralized equipment staging to onsite pre-deployed resources. Sector 10 is the only emergency response systems company so strongly emphasizing pre-deployed resources as the way to save lives, avert injuries, reduce liability and "Bridge the Survival Gap." http://www.sector10inc.com
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or development that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company assumes no duty whatsoever to update these forward-looking statements or to conform them to future events or developments. www.sector10inc.com