FNT Forever New Technologies Inc.
FNT Forever New Technologies Inc.: FNT Forever New Technologies Inc. Largest Shareholder Has Retired 160M Shares
FNT Forever New Technologies Inc. / Key word(s): Strategic Company Decision/Miscellaneous 11.07.2012 / 15:30 --------------------------------------------------------------------- FNT Forever New Technologies Inc. Largest Shareholder Has Retired 160M Shares 07/10/2012 Toronto, Canada Frankfurt Exchange & Berlin Exchange Symbol: FNF FNT Forever New Technologies Inc. (FNF) announced that ERR Trust has agreed to retire 160 Million shares of the Company's common stock. The move will enable FNT to implement capital raising activities necessary to fund planned projects and fulfill forecasts. The strategy, which reduces the Company's outstanding common shares by more than 50% to little over 56M shares issued and provides shareholders and new investors even greater upside potential. According to the company's CEO and President Perry Lewis, 'The principles at ERR Trust continue to demonstrate their commitment to FNT's success.' With over $57 Million (USD) in current paid in capital and an aggressive marketing and fund raising campaign imminent, the Company is positioned to offer new investors the potential for an increase in shareholder equity. FNT is listed on both the Berlin Exchange and Frankfurt Stock Exchanges. FNT is a specialized holding company that offers useful products and services worldwide. It invests in innovation in existing industries and early stage-proven emerging technologies. FNT's goal is to identify and profitably invest in proven existing and emerging stable products and services that have a consistent, global demand. ### For more information, please contact Paul DeSalvio in Investor Relations at IR@forevernewtechnologies.com or call or fax us at 505-800-2066. Legal notice: This notice does not constitute an offer to purchase securities in the United States of America, Canada, Australia, Japan, or any other jurisdiction within which such an offer is subject to legal restrictions. The securities named in this notice may not be sold or offered for sale in the United States of America without prior registration or official exemption, in accordance with the provisions of the U.S. Securities Act of 1933. In accordance with certain exceptions as stipulated in the Securities Act, the securities quoted in this notification may not be sold or offered for sale in Australia, Canada, or Japan, nor may they be sold or offered for sale to any third party acting on behalf of any citizen of those countries. No official placement offer of securities shall ensue in the United States of America. This notice does not represent any placement offer to sell stock or any other securities of FNT ('FNT') and does not supersede or replace the prospectus nor any amendments thereto in compliance with § 34d WpHG (German Securities Act). FNT Forever New Technologies Inc. (FNF) Toronto, Canada. www.forevernewtechnologies.com ISIN: CA30254Y1051, WKN: A1JQL0, SYMBOL: FNF End of Corporate News --------------------------------------------------------------------- 11.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 177529 11.07.2012
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