CALGARY, ALBERTA -- (Marketwired) -- 06/27/13 -- Sino Cement, Inc. (OTC PINK: OCEE) (the "Company") is pleased to announce that its board of directors has approved a forward stock split of the Company's common stock on a ten for one basis. In addition, the Company has made the necessary filings with the Financial Industry Regulatory Authority ("FINRA") to effectuate a name change to Nevis Capital Corporation. The Company hopes to have FINRA approval for both actions by July 5, 2013.
As a result of the forward stock split, every one share of issued and outstanding common stock will be converted into ten shares of common stock at the end of trading on July 5, 2013. The share adjustment will be made to each certificate when surrendered for transfer. The forward split will increase the number of shares issued and outstanding to approximately 27,593,990. The number of authorized shares will be increased to 981,675,380.
Mr. Marco Garduno Chavez, President and Chief Executive Officer, provided the following comments, "by effectuating the forward split, the Company seeks to increase liquidity and make shares of common stock accessible to a broader range of investors. The name change to Nevis Capital Corporation is also appropriate, as it more accurately reflects the company's current business."
About the Company
The Company is an investment holding company that makes investments in closely-held private or micro-cap market companies. The Company recently announced plans to acquire 100% of Macau Live Gaming, S.A., a Costa Rica corporation engaged in worldwide online gaming, to non-U.S. clients and the acquisition of boutique hotels and casinos in Costa Rica, and to provide Online Casino services to major hotels with casinos but who do not have online operations. www.macaulivegaming.com.
Certain statements made in this announcement may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Management cautions that these statements are based on management's current knowledge and expectations and are subject to certain risks and uncertainties, many of which are outside of the control of the Company that could cause actual results and events to differ materially from the statements made herein. The risks and uncertainties include, but are not limited to, those associated with operations outside the United States, the Company's lack of revenue, the Company's dependence on third parties, general market and economic conditions, and changes to the Company's business. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance isn't necessarily indicative of its future performance. The Company doesn't undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
Sino Cement, Inc.
Mr. Marco Garduno Chavez
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