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     841  0 Kommentare Soul and Vibe Interactive Inc. Completes Reverse Stock Split

    MINNEAPOLIS, MN--(Marketwired - Aug 25, 2015) - Soul and Vibe Interactive Inc. (OTCQB: SOUL), or the "Company," a video, mobile, and computer games publisher, today announced that, effective Tuesday, August 25th, 2015 (today) at 9:00 a.m. Eastern Standard Time, the Company will implement a one-for-forty (1:40) Reverse Split of its shares of common class stock. Effective with the opening of the market today, the Company's common stock will begin trading on the OTCQB on a post-reverse stock split basis under the temporary symbol "SOULD."

    Shareholders who held a voting rights majority of all outstanding shares as of June 25th, 2015 voted, by resolution, in favor of the implementation of a Reverse Split, the ratio of which to be within the range of no less than one-for-twenty (1:20) and no greater than one-for-forty (1:40.) On August 17th, 2015, the Company amended its Articles of Incorporation. Subsequently, the Company elected to make effective a one-for-forty (1:40) Reverse Split of the Company's shares of common class stock.

    "The Board of Directors voted to effectuate the Reverse Split with the primary intent of increasing the market price of the Company's Common Stock," said Soul and Vibe's CEO and President, Peter Anthony ("Tony") Chiodo. "Our board believes an increased share price may encourage investor interest and improve the marketability of the Company's stock to a broader range of investors and, thus, enhance liquidity. We also decided to undertake the Reverse Split at this time due to the strong progress the Company has made this year toward the implementation of a 'recurring release calendar' of games and on-line content."

    Twenty business days following the Reverse Split, the Company's common stock will resume trading under its official symbol, "SOUL," on the OTCQB.

    In June 2015, the Company released SirVival, an epic adventure game in the form of a runner. You, as the brave knight SirVival, riding atop Tantrum, your noble steed, are rushing through a fantastical land on a quest to rescue the kidnapped Princess Parsnip from the vile clutches of Maelstrom "The Malevolent," an evil dragon! Please visit the official SirVival Facebook page and www.SirVivalGame.com for additional details. Also in June, the Company launched Soul and Vibe Music, a music-publishing label through which the Company aims to monetize its aural assets as a revenue-generating marketing vehicle for its video games and entertainment apps. To date, Soul and Vibe Music has released three multi-track music singles and one full-length soundtrack. Soul and Vibe Music releases are currently available via digital download and streaming on Apple Music, iTunes, Spotify, Google Play, Amazon, Rdio, Deezer, Tidal, YouTube Music Key, Beats/MediaNet, and more.

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    Soul and Vibe Interactive Inc. Completes Reverse Stock Split MINNEAPOLIS, MN--(Marketwired - Aug 25, 2015) - Soul and Vibe Interactive Inc. (OTCQB: SOUL), or the "Company," a video, mobile, and computer games publisher, today announced that, effective Tuesday, August 25th, 2015 (today) at 9:00 a.m. Eastern …