DALLAS, April 29, 2009 (GLOBE NEWSWIRE) -- Boxwoods, Inc. (OTCBB:BXWD) (the "Company), today announced that it has filed its definitive Form 14C Information Statement with the Securities and Exchange Commission. As a result, the Company's name change from Boxwoods, Inc. to Duke Mining Company, Inc. will be effective in approximately 20 days. Simultaneously with the name change becoming effective, based on a shareholder vote, the company intends to implement a 10 to 1 forward split.
The Company intends to perform a 10 for one forward split of its common stock such that ten (10) newly issued shares of BXWD common stock will be issued to each BXWD shareholders for every one (1) share of BXWD common stock currently held by each shareholder on the record date of the stock split.
The Company currently operates under the name Duke Mining Company in anticipation of the name change becoming effective. The Company's new website is www.dukegold.com.
About Duke Mining Company
Duke Mining Company plans to utilize new technology to mine, process and explore for gold and other metals in the western United States. The metals that Duke plans to extract are microscopic in size, sometimes referred to as "flour" gold because of the powder-like nature of their consistency.
This press release may contain "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.