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HyperFeed Technologies, Inc. to Proceed with Reverse Split; As of August 13, 2003, HyperFeed Stock Will Trade Under the Symbol: HYPCD.

Publication: PR Newswire
Publication Date: 11-AUG-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HyperFeed Technologies, Inc. , a provider of Managed Exchange Platform Services (MEPS), announces that at the August 8 Special Shareholder meeting, its shareholders approved a proposal to grant the Board of Directors authority to effect a reverse stock split of HyperFeed's securities currently listed on the Nasdaq SmallCap Market (Nasdaq). Following the Special Shareholder meeting, the Board of Directors voted to execute a one-for-ten reverse stock split.

According to Jim Porter, the Company's CEO, "Over 90% of the shareholders voted in favor of the reverse stock split. HyperFeed has recently been awarded 3 enterprise licensing deals on its...

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