BOCA RATON, Fla., July 27, 2011 (GLOBE NEWSWIRE) -- Juniper Group, Inc. (OTCBB:JUNP) announced today that management has decided that it would be in the best interests of its stockholders to defer effectuating the previously approved reverse stock split ("Split") due to current market conditions. The approved Split would reduce the number of outstanding shares of our common stock on up to a 1 for 5000 reverse split. Management has determined that it would be in the best interest of its shareholders to defer the Split until such time as the Company's performance improves and market conditions are more receptive to a reverse stock split.
The Company has filed its Form 14C with the Securities and Exchange Commission and has up to one year to effectuate the Split. Management will revisit the timing of effectuating the Split in the upcoming months.
Safe Harbor
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. All forward-looking statements in this press release are made as of the date of this press release, and Juniper assumes no obligation to update these forward-looking statements other than as required by law. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements as anticipated in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies are available at http://www.sec.gov/blocked::http://www.sec.gov/">www.sec.gov.