DEERFIELD BEACH, Fla., Jan. 8, 2007 (PRIME NEWSWIRE) -- Red Reef Laboratories International, Inc. (Pink Sheets:RRLB) announced today many investors and brokers have inquired on the procedures for converting shares held in Red Reef Labs (RREF) to receive the benefit of the 6 for 1 split (RRLB) effective January 5, 2007; management feels obliged to attempt to make the process clear.
-- The original, pre-split shares held in certificate form need to be sent into the transfer agent, Pacwest Transfer, LLC, to be redeemed for the post-split shares.
-- Any shares already held in brokerage accounts via the Depository Trust Company ("DTC") should automatically adjust without any action needed on your part. It typically takes two to four days for delivery of the additional shares.
The new post-split shares have a new CUSIP number and stock symbol; (RRLB).
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
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