SIOUX FALLS, S.D., April 4, 2013 /PRNewswire/ -- AquaLiv Technologies, Inc. (OTCQB: AQLVD), a vertically integrated sustainable agriculture company incorporating organic production technologies and non-GMO standards for the efficient production of healthy food, announced today that the previously announced 1-for-100 reverse split of its common stock will be effective at the open of business on Thursday, April 4, 2013. Shareholders will have their positions automatically adjusted to reflect the reverse stock split and will not be required to take any action in connection with the reverse stock split. Shareholders are not required to exchange their certificates. All fractional shares have been rounded up to the next whole number of shares.
FINRA has also approved a corporate name change to Verity Corp. The company's stock symbol will be "AQLVD" for the next twenty (20) business days, after which the trading symbol will change to "VRTY".
Duane Spader, CEO of Verity Corp, said, "We are very excited to complete what we at Verity Corp consider our official roll out to financial markets. Ever since we merged with AquaLiv Technologies, we have been focused on informing our shareholders of Verity's future plans and executing those plans in a timely fashion. This latest corporate action is further evidence that we will continue keeping our shareholders informed and doing what we say we will do with the very best practices."
Spader added, "Part and parcel to sustainable and measurable growth is funding. Our goal is to judiciously, as well as prudently, raise the necessary capital to capture the market opportunities in our new initiatives in the South where we have two selling seasons with the two planting seasons."Mr. Spader concluded, "We look forward to building shareholder value with our broad product and service mix including AquaLiv's water technology. We believe we have built the foundation required for financial flexibility and expanding our marketing reach in both the agriculture and investment communities. I personally would like to invite long time AQLV shareholders to share our vision of building a company committed to pioneering sustainable agriculture practices for healthy food production while also introducing our vision and values to future shareholders."