NEW YORK, March 5, 2004 (PRIMEZONE) -- Exus Global, Inc. (OTCBB:EXGO) today announced that the company's ticker symbol has changed from EXGL to EXGO and that the company has completed the previously announced 1 for 15 reverse stock split. As a result of the reverse stock split, Exus has approximately 4,500,000 shares of common stock issued and outstanding.
The reverse split, which was approved by a majority vote of the shareholders, was undertaken to position the capital structure of the company so that it may seek and consummate investments and secure sources of financing for future operations. Details of these actions were included in the Company's Definitive 14C Information Statement filed with the Securities and Exchange Commission on February 10, 2004.
About the Company
Exus Global, Inc. is a global marketing and consulting company concentrating on Distant Education, delivered via a combined satellite and terrestrially based network. These services are provided in emerging markets to a diverse client base that includes medium to large multi-national businesses, universities, Internet service providers and government agencies. Through its subsidiary E-Education Network, Inc., Exus offers the first prepaid Smart EducationCard(TM) to students worldwide. E-Education Network is also developing Educational Internet Centers (EENICs) in emerging markets to provide Internet access and educational resources. To learn more about the Company, please visit its Website at www.exusglobal.com and www.edun.net.
All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of Exus Global, Inc. are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Exus Global, Inc.'s control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially depending on many factors, including those described above. Exus Global, Inc cautions that historical results are not necessarily indicative of the future performance.