October 28, 2005
Vocalscape, Inc. Announces Majority Stockholders and Board of Directors Approval of Reverse Stock Split
White Plains, N.Y.-- (PRNewswire)--October 27, 2005---Vocalscape, Inc. (Pink Sheets: VCSC.PK), announced today that the Board of Directors and the majority stockholders of Vocalscape, Inc. have approved a two hundred and fifty-for-one reverse stock split of Vocalscape's common stock. The reverse stock split will be effective after the close of trading on Thursday, October 27, 2005, and Vocalscape's common stock will begin trading, as adjusted for the reverse stock split, on Friday, October 28, 2005 under the symbol VCSP:PK.
As a result of the reverse stock split, each two hundred and fifty shares of common stock will be exchanged for one share of common stock and the total number of shares outstanding will be reduced from approximately 499,999,500 shares to approximately 1.9 million shares. No fractional shares will be issued in connection with the reverse stock split and any fractional shares will be rounded up to the nearest post reverse split share.
"This decision by the Board has been made with confidence in the opportunities before the company and the company's management can focus their full attention on capitalizing on the business opportunities ahead and driving long-term shareholder value," commented Ron McIntyre, President of Vocalscape, Inc.
About VocalScape, Inc.
Vocalscape, Inc. is an emerging developer of interactive communication software. The Company has created software and interactive solutions revolving around global communications and Data Voice Convergence. Vocalscape focuses on adding to customer's website and customer support centers by integrating website solutions that enable real human assistance, live interaction services such as instant messaging, voice over the Internet (VoIP) and interactive desktop solutions sharing solutions. http://www.Vocalscape.com.
Contact:
P. 604-696-6313
F. 604-696-6315
http://www.vocalscape.com
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