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American Metal Does a Reverse Stock Split

November 27, 2007 by admin

LOS ANGELES, American Metal & Technology, Inc. (OTC Bulletin Board: AMMY – News) today announced that its Board of Directors has approved a 1-for-150 reverse stock split of its common stock, following approval by the Company’s stockholders owning a majority of its shares on November 15, 2007. The reverse stock split will be effective for trading purposes on or about December 3, 2007.

The 1-for-150 reverse stock split will convert 150 shares of the Company’s common stock into 1 share of common stock. The reverse stock split affects all issued and outstanding shares of the Company’s common stock immediately prior to the effectiveness of the reverse stock split. The Company’s common stock will start trading on a split-adjusted basis on or about market open on December 3, 2007.

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