8000inc (EIGH.pk) receives CUSIP number for Preferred Shares ready for Contemplated Share Exchange

April 14, 2011 - PRLog -- The Company has received the CUSIP number for the preferred shares relating to the announced exchange and cancellation of all currently issued commons stock. The Company is in the process of identifying and verifying the shareholders of record and will exchange on a “like for like” basis as stated.
CUSIP NUMBER:   28251Q 208
ISIN NUMBER:   US28251Q2084
ISSUE DESCRIPTION:   PFD
In response to the shareholder vote approving the share exchange, shareholder testimony and verified brokerage account information has shown that more shares are held by individuals in brokerage accounts than have been issued by the company. The Company believes these facts identify an illegal naked short position in EIGH.pk. The Company is currently in the process of reconciling these apparent discrepancies. The shareholder information has been sent to the relevant authorities and FINRA OTC Corporate Actions is aware of the suspected discrepancies relating to the share exchange.
The Company will continue to update shareholders and the public as information is received and believes that the regulators will address any identified discrepancies prior to the imminent corporate action contemplated and announced.
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-ENDS-
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see published disclosure documents at OTCMarkets. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

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