DUNEDIN, Fla., Feb. 16, 2010 (GLOBE NEWSWIRE) -- LifeStyle Innovations, Inc. (Pink Sheets:LFSI), Board of Directors announced today a majority of its shareholders have approved its name change to Vought Defense Systems Corp. and a 1 for 545 reverse stock split of its issued shares of its common stock. The effective date for the name change and reverse stock split will be February 16, 2010.
The name change was made to better reflect Management's intention to explore opportunities in the burgeoning Homeland Security and International Defense Industry. Additionally, the corresponding new symbol will be VDSC.
Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.