United Treatment Centers Inc. to Reduce Outstanding Common Stock by 54%
February 7, 2014 - LOS ANGELES, CA
United Treatment Centers Inc. (OTC Pink: UTRM): RedTruck SEO Inc DBA www.potnetwork420.com is a digital media company focusing exclusively on the Marijuana industry.
Chris Seminatore, United Treatment Centers Inc. newly appointed CEO and President, announced today that RedTruck SEO Inc. DBA Potnetwork420.com will retire three billion common shares to treasury reducing the outstanding common shares by 54%. Mr. Seminatore said, "We felt this was a bold but necessary move to increase shareholder value. By reducing our outstanding common shares to approximately 2.5 billion I believe it will result in more favorable share price moving forward. We will be working with our attorney and transfer agent to complete this process over the next week. Our business plan is to have Potnework420.com be the information portal for the marijuana industry. Through live, daily video broadcasts we will be the most trusted source for news and information in the marijuana industry. Advertisers are signing on and we anticipate revenues as early as next week. We are also lining up celebrity support for the network as well and will have more information shortly."
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