Under the Symbol:
Findit, Inc. Announces Extension of Common Stock to Preferred Lock Up
Monday, May 13, 2019 8:00 AM
ATLANTA, GA / ACCESSWIRE / May 13, 2019 / Findit, Inc. (OTC PINK: FDIT), an innovative social media management company, today announced it will extend the reduction of its Common shares outstanding through June 2020. The reduction was done in March of 2018. 100 million shares were converted into Preferred B series and were eligible to be converted back in June of 2019. The shares will remain converted to Preferred through June of 2020.
The total number of outstanding Findit, Inc. (FDIT) Common Stock that was previously reduced by 1.3 billion shares through a conversion to Preferred Stock in March of 2016 will also remain converted through June of 2020. This brings the total number to 1.4 billion shares of common stock converted to preferred, that will remain locked up through June of 2020.
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About Findit®, Inc.
Findit, Inc., owns Findit.com a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing, and other search engines to crawl content posted in Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites that include but are not limited to Facebook, Twitter, LinkedIN and Pinterest by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account and post listings manually. Findit, Inc., is focused on the development of monetized Internet-based web products that can provide an increased brand awareness of our members. Findit, Inc., trades under the stock symbol FDIT on the OTC Pinksheets.
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Findit, Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Findit, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Clark St. Amant
SOURCE: Findit, Inc.