Remedent Inc.: Company Announcement
10 Juni 2005 - 8:10PM
PR Newswire (US)
Remedent Inc.: Company Announcement DEURLE, Belgium, June 10
/PRNewswire-FirstCall/ -- Remedent Inc. (REMI) announced today that
it has completed the following effective as of close of business
June 3, 2005: 1. The implementation of a one for twenty reverse
stock split; 2. The change of our name from "Remedent USA, Inc." to
"Remedent, Inc" (REMI-OTC Bulletin Board); 3. The acquisition of
the remaining 78% of our subsidiary, Remedent N.V., through the
issuance of shares of our common stock equal to 78% of our issued
and outstanding shares following the completion of the transaction.
These corporate actions were taken in accordance with a
shareholder's written consent as described more fully in an
information statement filed with the Securities and Exchange
Commission by Remedent on May 9, 2005 and which became effective
June 3, 2005. "These events represent key steps in Remedent's goals
of continuing to expand its leadership role as innovators in the
tooth whitening industry in Europe and Asia as well as begin to
establish operations in the United States," stated Guy DeVreese,
the Company's Chairman of the Board. About Remedent Inc. Remedent
Inc., and its subsidiary Remedent NV based in Deurle, Belgium
("Remedent"), is a leading provider of cosmetic dentistry products,
including a full line of professional dental and retail "over the
counter" tooth whitening products with distribution that, to date,
encompasses over 35 countries throughout Europe, Asia and South
America. This press release contains forward-looking statements
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
When used in this release, the words "anticipate," "believe,"
"estimate," "expect" and similar expressions are intended to
identify such forward-looking statements. Remedent, Inc.'s actual
results, performance or achievements could differ materially from
the results expressed in, or implied by these forward-looking
statements. For more detailed information relating to the risks and
uncertainties pertaining to these forward-looking statements, the
reader is referred to the "risk factors" section in Remedent Inc.'s
Form 10-KSB and other related documents filed with the Securities
and Exchange Commission. DATASOURCE: Remedent Inc. CONTACT: Guy De
Vreese, Chairman of Remedent Inc., +32-9-321-70-80
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