SEATTLE, May 19, 2014 (GLOBE NEWSWIRE) -- Mine Clearing Corp. (Pink Sheets:MCCO) has announced that at a shareholders' meeting held in Los Angeles, CA on April 27, 2014 the holders of a majority of the outstanding shares of the Company voted to reverse split the common stock on a one for three hundred basis and authorized a new class of preferred stock (5 Million Shares). The result of the common stock reverse split left the Company with approximately 600,000 shares of common stock outstanding and a total of 300 million shares of common stock authorized.
The Company also announced it has merged with ClickStream Corporation, a privately held Big Data technology company, and changed its name to ClickStream Corporation.
According to Kim S. Halvorson, CEO of ClickStream, "Merging with MCCO gives our shareholders an excellent opportunity to participate in a public corporation which we totally control. The opportunities in the exciting world of Big Data are innumerable, and I believe we have the team to develop a line of products supported by our patented technology platform that will afford us many opportunities in numerous venues."
Halvorson further commented, "Our stated mission is to build value for our investors by commercializing the predictability power of emerging events and discussions on the Internet. By determining the information that is most relevant to our users for any given application, we can then offer a suite of products addressing targeted audiences that can profit from that information."
As a result of the merger and reverse stock split there are currently 25,181,016 shares of common stock and 4.5 million shares of convertible preferred stock outstanding, after the one for three hundred reverse stock split, and subject to approval by FINRA.
ClickStream's main offices will be in Seattle, WA, with financial offices based in Boston, MA and marketing and sales office in Los Angeles, CA. The Company is planning to file with FINRA within the next few days and thereafter become fully reporting with the SEC.
The company also announced the launch of a new corporate website www.clickstreamcorp.com for investors to find information about ClickStream's technology and how to contact the company.
This news release contains forward-looking statements within the meaning of Section 37A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including the Company's ability to continue to successfully develop its products and market and provide its services, maintain its effectiveness and general economic conditions. The Company undertakes no obligation to publicly update or revise forward-looking statements whether as a result of new information, future events or otherwise.