SILVERADO, CA -- (Marketwire) -- 03/20/13 -- Resource Ventures, Inc. (PINKSHEETS: REVI) President Bob Thompson announces that Resource Ventures, Inc. ("REVI") has canceled 280,000,000 REVI Common Shares and has issued 7,000,000 restricted Preferred Shares in their place.
The exchange was completed to reduce the number of outstanding shares and to enhance shareholder value.
According to the Company's latest Security Position Report from Depository Trust Company (DTCC), there are 16,550,351 common shares which have been delivered into the DTCC system and are available to the public for electronic trading via the OTC Markets.
About Resource Ventures, Inc. (PINKSHEETS: REVI)
Resource Ventures, Inc. ("REVI") is an emerging independent global Electrical Power Production and Petroleum Exploration Company that is focused on the acquisition and development of a diversified portfolio of complementary power generation and energy production projects.
REVI's strategic vision anticipates the utilization of both modern and traditional power generation technologies in combination with diverse energy sources, including oil and natural gas as well as renewable energy sources such as biomass, bio-diesel, wind power and photovoltaic systems.
For additional information:
Telephone: 888.497.REVI (888.487.7384)
Web Site: http://www.resven.com
Investor Information visit http://www.otcmarkets.com/stock/revi/quote
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
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