This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FITT Highway Completes Reverse Stock Split

MISSION VIEJO, Calif., Feb. 15, 2013 (GLOBE NEWSWIRE) -- FITT Highway Products, Inc. (OTCQB:FHWY) (OTCQB:FHWYD) (the "Company") has completed a one-for-sixty (1:60) reverse stock split as described in a schedule 14C previously filed with the SEC. The Company has 1,553,970 shares of common stock and 105,000 shares of preferred stock issued and outstanding after the reverse stock split while maintaining the number of authorized shares at 150,000,000 common shares and 20,000,000 preferred shares.

Management believes the reverse stock split was necessary to increase the market price and liquidity of the Company's common stock and to expand the appeal of the common stock to a broader range of institutional and other investors. Numerous brokerage houses and institutional investors have internal policies and practices that either prohibit them from investing in low-priced stocks or tend to discourage individual brokers from recommending low-priced stocks to their customers.

"We firmly believe we are Energy Drink 2.0," said Michael R. Dunn, CEO of the Company and F.I.T.T. Energy. "We believe we have created a product line for a consumer lifestyle which is a more effective delivery system incorporating vasodilation, significantly lower caffeine content with substantially less side effects, and added health benefits that consumers should indeed want to ingest to help augment their every day routine." The timing is right in 2013 to begin a full scale launch of the F.I.T.T. Energy line of Life Style Energy Products which enhances a consumer's daily routine."

The FITT Energy ingredients can be viewed at .

About FITT Highway Products, Inc.

FITT Highway Products, Inc. is a brand management Company. As disclosed in its 10-Q filing for the period ended September 30 2010 and all subsequent Securities and Exchange filings, the Company entered into an Operating Agreement with FITT to perform a majority of the Company's operating services, including among other things, selling, marketing, producing and distributing "F.I.T.T. Energy For Life" in exchange for a royalty payment.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs