Subjects: PER, STS
America's Suppliers, Inc. Announces Results of 2017 Annual Meeting of Stockholders
PHOENIX, Nov. 21, 2017 /PRNewswire/ -- America's Suppliers, Inc. (OTC Markets-Pink: AASL) the parent company of DollarDays International, announced the results of its 2017 Annual Meeting of Stockholders, held on Wednesday, November 15, 2017. Stockholders elected each of Christopher Baker, Eric Best, and Ronald C. Pruett, Jr. to the Board of Directors.
The stockholders also approved two amendments to the Company's Certificate of Incorporation. The first amendment will increase the number of authorized shares of preferred stock from 100 shares to 100,000 shares and will increase the number of authorized shares of common stock from 5,000 shares to 5,000,000 shares. The second amendment will implement a forward stock split of the Company's issued and outstanding shares of common stock at a ratio of 1,000-for-1. The Company anticipates that both amendments will be filed with the Delaware Secretary of State and become effective in the upcoming weeks.
Lastly, the stockholders approved the adoption of the 2017 America's Suppliers, Inc. Long-Term Incentive Plan.
Regarding the forward stock split, stockholders who are holding their shares in electronic form at brokerage firms do not need to take any action as the effect of the forward stock split will automatically be reflected in their brokerage accounts. The Company's transfer agent, Computershare, will provide instructions to stockholders of record regarding the process for exchanging share certificates and all book-entry or other electronic positions representing issued and outstanding shares of the common stock will be automatically adjusted.
Cautionary Statement Concerning Forward-Looking Statements
Statements used in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. These forward-looking statements are based upon the current expectations and beliefs of Company management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. The information contained in this press release is as of the date of this press release. Notwithstanding changes that may occur with respect to matters relating to any forward looking statements, the Company does not expect to, and disclaims any obligation to, publicly update any forward-looking statements whether as a result of new information, future events or otherwise. The Company, however, reserves the right to update such statements or any portion thereof at any time for any reason.
About America's Suppliers, Inc.:
America's Suppliers, Inc. is the parent company of DollarDays International, a leading online marketplace based in Phoenix, Arizona. Catering to a diverse market of nonprofit partners, small businesses and schools, DollarDays offers savings for the on-the-go consumer who desires a more convenient way to shop for goods and accessories. The company's user-friendly website offers more than 75,000 unique products, including household staples, apparel, school supplies, health and beauty products, office accessories, backpacks, and a wide variety of gadgets and toys. For more information about DollarDays, please visit www.dollardays.com, or follow us on Twitter, Facebook and LinkedIn.
SOURCE America's Suppliers, Inc.
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