NOTICE TO SHAREHOLDERS
COLUMBUS NETWORKS CORPORATION ANNOUNCES CHANGE TO NUMBER OF AUTHORIZED SHARES
(Kelowna, Canada) - I am writing to provide an update on Columbus Networks Corporation. We periodically update our website (www.columbusnetworks.com) with news, press releases and information on our products and services. However, because we are no longer a reporting company under the Securities Exchange Act of 1934, information contained on the Securities and Exchange Commissionís website is no longer up to date.
We recently learned that, in 2004, after the last date the company filed an annual report with the SEC, the prior management of Columbus Networks filed articles of amendment with the Nevada Secretary of State to increase the number of authorized shares of the companyís common stock to 500 million shares. The increased authorization did not, in itself, increase the number of outstanding shares. The number of our shares issued and outstanding today is 36,680,333 shares
As our financial condition and business prospects continue to improve, we are considering ways in which to recapitalize the company and are working toward reinstituting our corporate and financial filings with the SEC. We will keep our website updated with current news and information. Thanks for your patience.
Columbus Networks Corporation
About Columbus Networks Corporation
Columbus Networks offers web-based applications to facilitate recruitment in the education sector using technology and the Internet to create extremely cost-effective, timely, and easy-to-use recruitment solutions for both employers and employees. For the educational employer seeking to fill employment vacancies in teaching, administration, and support staff positions, Columbus Networks offers a more sophisticated e-recruitment tool. Our clients are educational employers who include public schools and districts, private schools and institutions, colleges, universities and community colleges, across the continent and growing worldwide. Columbus Networks is headquartered in Kelowna, British Columbia, Canada. For additional information on Columbus Networks or their services, visit http://www.columbusnetworks.com or call (250) 869-1612.
No Stock Exchange or Regulatory Authority has either approved or disapproved of this News Release.
This press release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including without limitation continued acceptance of the Company's products, subscriber growth, product demand, competition, and other risks and uncertainties detailed from time to time in the Company's period reports.
Phone: (250) 869-1612