LA JOLLA, CA–(Marketwired – Jun 2, 2015) – AV1 Group, Inc. (OTC PINK: AVOP) is pleased to announce that the Company has submitted an Amendment to its Articles of Incorporation to reduce its authorized common share structure by 50% down to 7.5 Billion.
The Company has determined to enhance shareholder value in a constructive manner, creating an environment for expansion where the Company, its employees, partners and its valued investors alike can mutually benefit from the continued growth of the Company and its divisions.
After a comprehensive evaluation of all viable options, the Board of Directors has determined that it is against the Company’s best interest, and the interest of its shareholders, to enter into any commitments involving toxic financing. The Company also seeks to reiterate that there are no plans to reverse split the common share structure in its strategy for 2015.
AV1 Group, Inc. was recently recognized in Viridian’s 2014 Review and 2015 Outlook as the third best performer, according to their M&A review, having experienced an increase of 17.6%, after the company completed the due diligence process and entered into a definitive agreement for the acquisition of the assets of VaporHighUSA.com, a new ecommerce website, online retailer of State-of-the-Art vapor related essentials. The Report can be read in its entirety on the Company’s corporate website: www.Av1Group.com
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