|By Marketwired .||
|July 8, 2014 01:24 PM EDT||
STUTTGART, GERMANY -- (Marketwired) -- 07/08/14 -- Overtech Corp. (OTCBB: OVET) Overtech Corp. (the "Company" or "Overtech") is pleased to announce the following corporate changes:
1. Effective July 2, 2014, Pavel Rozum resigned as a director of the Company, transferred 1,700,000 shares of common stock of the Company to Dr. Elmedina Adzemovic, the Company's sole director and its CEO, CFO, President, Secretary and Treasurer. 2. Effective July 2, 2014, Pavel Rozum also surrendered for cancellation 4,300,000 shares of common stock of the Company, being the balance of his stock position. 3. After giving effect to the transactions above, the Company now has 2,940,000 shares of common stock outstanding. 4. Effective July 7, 2014, the Company's sole director, Dr. Elmedina Adzemovic, approved a 24-for-1 forward stock split by way of dividend. The shareholders of record on July 25, 2014 will receive 23 additional shares for each share held by them. Completion of the stock split is subject to the Company making the required regulatory filings.
Details of these corporate changes can be found in the Company's Form 8-K filed today.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Overtech cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Overtech's control. Such factors include, among other things: risks and uncertainties relating to Overtech's business plan, Overtech's ability to raise sufficient financing and Overtech's limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Overtech undertakes no obligation to publicly update or revise forward-looking information. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Overtech Corp. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
Dr. Elmedina Adzemovic
Tel: +49 157 894 69537