VANCOUVER, British Columbia, Dec. 31, 2004 (PRIMEZONE) -- Newmark Ventures, Inc. (OTCBB:NMVN)("Newmark") announced that the company's trading symbol on the Over the Counter Bulletin Board "NMVN" will change to "NWMV" (OTCBB:NWMV) effective at the open of business today. The symbol change reflects a reverse split of four (4) old common shares for each one (1) new common share held by Newmark shareholders at the open of business on December 31, 2004.
The decision to reverse split Newmark's issued and outstanding stock was made on November 4, 2004 by the holders of a majority of the outstanding shares of the Corporation's common stock. On December 14, 2004 Newmark's board of directors, in accord with the authority granted by the corporation's shareholders, acted to consolidate Newmark's issued and outstanding stock on a four (4) old common shares for each one (1) new common share basis. The reverse split was effected in coordination with Newmark's transfer agent and the Over the Counter Bulletin Board.
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward looking statements involve a number of risks and uncertainties. The actual results of Newmark may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Newmark encourages the public to read the information provided here in conjunction with its most recent filings on Form 10KSB and Form 10QSB. Newmark's public filings may be viewed at www.sec.gov.