|By Marketwired .||
|April 9, 2014 09:14 AM EDT||
CAMPBELL, CA -- (Marketwired) -- 04/09/14 -- Titan Iron Ore Corp. (OTCQB: TFER), is pleased to announce that it has received confirmation of its name change, with an effective date of April 11, 2014. Additionally a symbol change with FINRA to (OTCQB: HKUP) is in process, along with the company's latest 14C filing of its reverse stock split with the Securities and Exchange Commission. The Company's new name will be iHookup Social, Inc. when the market opens on April 11, 2014.
"Our new corporate name allows the company to align our operations, brand, and financial presence far more effectively going forward," stated Robert Rositano, Jr. CEO, iHookup Social. "The name change, reverse stock split and new symbol are the next step toward building the proper foundation after the merger of Titan Iron Ore Corp. and iHookup Social, Inc. We believe that this step will further enable the company to leverage the goodwill on our popular app and its growing 140,000+ users."
"We have applied for a 20-1 reverse stock split which we believe will allow our stock to now be traded by a much broader group of investors, while achieving the May 1, 2014 requirements for its OTCQB market listing. OTC Markets will introduce a new minimum one-cent ($.01) bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct," added Rositano. "The combination of the aforementioned events should complete an important foundational phase for iHookup Social and allow us to embark on our corporate journey with the right presence and positioning in public markets."
Shareholders of record at the end of trading on or about April 28, 2014 will be affected by the 20-1 reverse stock split. When the market opens on or about this date every twenty (20) shares of issued and outstanding common stock will be converted into one (1) share of common stock. All fractional shares created by the reverse stock split will be rounded to the nearest whole share. The reverse stock split will also reduce the Company's outstanding preferred stock based on this split ratio.
iHookup Social, Inc.
iHookup Social is a "proximity based" mobile social platform that facilitates real connections, between real people... in real time! It utilizes the intelligence of GPS and localized recommendations for dating, friends, groups and organizations to break through closed social cliques and expand them, not only virtually, but in real life!
The company's users will be provided with "local" options of many kinds, enabling mobile distribution of locally relevant content and special offers. The company hopes to bring together a dynamic opportunity for brands, advertisers and merchants to interact in new and innovative ways with the iHookup Social Network, while building customer loyalty, engagement and revenues. The company is pursuing its growth in its current "dating vertical" market, as well as expanding its reach in the general audience category of "Social Networking." www.ihookupsocial.com
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected by iHookup Social, Inc. the wholly owned and operating subsidiary of Titan Iron Ore, Corp. ("Titan"). The iTunes rankings should not be construed as an indication in any way whatsoever of the future value of the iHookup Social - Titan's common stock or its present or future financial condition. iHookup Social - Titan's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. iHookup Social - Titan cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, iHookup Social - Titan does not undertake, and iHookup Social - Titan specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.