FARMINGDALE, N.Y., Aug. 7, 2007 -- Cemtrex Inc. (OTC: CTEX) announced today that its Board of Directors has declared a reverse stock split, at a 1 for 25 ratio, effective August 21, 2007. As a result of the reverse split, every twenty-five shares of outstanding common stock will be changed into one share of common stock. All fractional shares shall be rounded up to the nearest whole number. The Company currently has 858,196,526 shares of common stock outstanding.
Cemtrex is engaged in manufacturing and selling the most advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, etc. Cemtrex also provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in the selling of carbon credits globally. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
For further information, please contact:
Cemtrex Inc.
19 Engineers Lane
Farmingdale, NY 11735
URL: http://www.cemtrex.com
Email: agovil@cemtrex.com
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