"The reverse split is a part of our strategic plan to take advantage of the many global opportunities afforded our company," says
Joseph N. Saulter, CEO.
ATLANTA, GA / ACCESSWIRE / August 25, 2017 / Entertainment Arts Research Inc. (OTC PINK: EARID) board executives and majority
shareholders effect a one-for-twenty reverse stock split of its outstanding common stock. The 1 for 20 Reverse Split of
"Entertainment Arts Research, Inc." (EARI) was announced Aug. 22, 2017, on the OTC Daily List. This corporate action took effect at
the open of business Aug. 23, 2017. The new symbol will be EARID. The "D" will be removed in 20 business days and the symbol will
revert back to EARI.
In the reverse stock split, every 20 shares of Entertainment Arts Research Inc. common stock outstanding will automatically be
changed and reclassified into one new share of common stock. No fractional shares will be issued in connection with the reverse
stock split. Any fractional share of common stock that would otherwise have resulted from the reverse stock split will be rounded
up to the nearest whole share.
Entertainment Arts Research Inc. is a seasoned game design and development company whose technology crosses all marketing
strategies with innovative interactive edutainment media. "The reverse split is a part of our strategic plan to take advantage of
the many global opportunities afforded our company," says Joseph N. Saulter, CEO.
Entertainment Arts Research Inc. Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar
expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from
those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are
based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not
limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the
acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products
and technology and our need to increase the size of our organization. Further information on the Company's risk factors is
contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company
undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Press Contact: Bill Davis Entertainment Arts Research Inc. Group 404-465-3320
info@earigames.com
SOURCE: Entertainment Arts Research, Inc.
