Las Vegas, NV - Hemcare Health Services Inc. (OTC
: “HCRE”) a Distributed Ledger technology company developing blockchain solutions in the health information exchange industry, today announced that it has changed its name from Hemcare Health Services Inc. to DLT Resolution Inc. The name change was effected to accurately reflect the Company’s primary line of business.
The Company's Board of Directors also approved a 1:10 reverse stock split of the Company's common stock following the approval by the Company's stockholders of a reverse stock split by written consent of the majority of its shareholders. Every ten shares of common stock of the Company will automatically be combined into one share of common stock and the number of authorized shares of the Company's common stock will remain at 275,000,000.
In addition to the name change, the Company also changed its ticker symbol. The The Company’s stock will trade for the next twenty business days under the symbol “HCRED” for 20 days until January 19x, 2018 at which point, the symbol change will take effect and the Company’s common stock will trade under the symbol of “DLTI.”
About the Reverse Stock Split
The record date for the stock split is December 20, 2017. Shareholders of record as of such date will receive one share of the Company’s common stock for each ten shares that they own as of the market close on the record date. The distribution of the new shares will be made available on or about December 20, 2017. When applicable, fractional shares will be rounded up to the nearest whole share and lots of less than 100 shares will be rounded up to 100 in order to retain the requisite round lot holders as one of the requirements for the Company to pursue an “up-listing” of its shares to an exchange. As a result of the stock split, the outstanding shares of the Company's common stock will decrease from 175,228,211 shares outstanding to approximately 17,522,822 shares
Forward Looking Statements
This press release may include "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as "expects", "believes", "anticipates", "intends", "estimates", "seeks" and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to the name change and reverse stock split are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These factors include, but are not limited to such risks and