PHOENIX, AZ and HONG KONG, April 15, 2010 -- The Amergence Group (PINKSHEETS: AMNG) announced today that it will be filing the paperwork soon to change its name to PanPacific International so that it can better reflect the Company's ongoing presence in both the US and Central Hong Kong.
The Amergence Group closed at $0.068 Wednesday, trading 2,197,499 shares.
Amergence Group Cues Up for a Name Change to PanPacific International, Inc.
About The Amergence Group
The Amergence Group (PINKSHEETS: AMNG) provides valuable advice and support to new businesses with its goal of accelerating their intended plans to introduce edgy, disruptive, and/or innovative technologies to the world market. The Company expects to develop special companies and opportunities which it feels can subsequently stand alone to become fully reporting publicly traded companies on their own.
The Company's 10-year old technology division focuses on the development and marketing of its group of optical media enhancement technology worldwide such as FLASHAlbum(TM), a technology which enables distributors of optic disc media (CDs and DVDs) to combine the best features of both on one USB flash drive.
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BELLEVUE, Wash., April 15, 2010 -- ITEX Corporation (OTCBB: ITEX), The Membership Trading Community(SM), a leading marketplace for cashless business transactions in North America, today announced a one for five reverse stock split of its common stock will take effect as of 12:01 a.m. Eastern Daylight Time on May 3, 2010 (the "Effective Time").
ITEX Corporation closed at $0.90 Wednesday, trading 11,970 shares.
ITEX Corporation Announces One-for-Five Reverse Stock Split
About ITEX
ITEX, The Membership Trading Community(SM), is a thriving network of participating member businesses. Members increase sales through an exclusive distribution channel managed by franchisees, licensees and corporate-owned locations, by utilizing ITEX dollars to exchange goods and services. ITEX is powered by ITEX Payment Systems, the leading payment technology platform for processing cashless business transactions. ITEX is headquartered in Bellevue, WA. For more information, please visit ITEX's website at www.itex.com. We routinely post important information on the investor relations portion of our website.
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