New Taohuayuan Culture Tourism Co., Ltd. (NTYND) Announces Change of Name to KYN Capital Group, Inc. (KYNC) and 1:1,600 Reverse Stock Split
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 04/10/15 -- New Taohuayuan Culture Tourism Co., Ltd. (OTC PINK: NTYND), a Nevada corporation (the "Company"), announces that its name has been changed to "KYN Capital Group, Inc."
Additionally, the Company recapitalized itself with a 1:1,600 reverse stock split of its common stock, par value $.001 (the "Common Stock"). The Company''s number of issued and outstanding shares of Common Stock has been reduced from 18,727,327 shares to 11,705 shares as a result of the reverse-stock split.
As of April 9, 2015, both corporate actions of the Company''s name change and the reverse stock split became market effective with the Financial Industry Regulatory Authority ("FINRA").
FINRA has advised management at KYN Capital Group, Inc. that the trading symbol for the Company''s common stock will change from "NTYND:OTC-PINK" to "KYNC:OTC-PINK" within twenty business days following FINRA''s announcement of the Company''s symbol change and reverse stock split.
Clem A. Yeboah, the Company''s Chairman, said, "Our new name more accurately represents our business direction, focusing on becoming an ideal ''Capital-Finance Leasing Company.''"
About KYN Capital Group, Inc.
KYN Capital Group, Inc.''s goal is to become an ideal, Capital-Finance Leasing Company, involved in real estate acquisitions, asset-based lending, and equipment-leasing. We pursue under market value realty acquisitions; extend credit and/or financing for leasing a variety of equipment; and, provide asset-based loans for market participants and potential sources of business opportunities.
The Company has several customer-oriented programs that allow all potential clients an opportunity to seek asset-based loans and lease equipment, whether it''s an automobile, computer equipment, construction equipment, mining equipment, airplanes, and yachts: our programs build customer satisfaction, which is what makes our firm an ideal "Capital-Finance Leasing Company", during these economic conditions in the marketplace.
For more information regarding this announcement, contact Mr. Clem Yeboah, Chairman, KYN CAPITAL GROUP, INC., # 646-328-0703
FORWARD-LOOKING STATEMENTS:
The Company cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, vagaries of trade, market competition, and other risks, detailed herein and from time to time in the U.S Securities and Exchange Commission filings of the Company.
Contact:
Clem A. Yeboah
KYN CAPITAL GROUP, INC.
Phone: 646-328-0703
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Datum: 10.04.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 1350480
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