ALAMO, CA, March 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Social Detention Inc. SODE, held a Board Meeting on March 25, 2019 and approved the Retirement of 50,000,000 of the Outstanding Shares. This is 27.2% of the Outstanding Shares.
Mr. Robert P. Legg II, President/CEO of Social Detention Inc. (SODE), was quoted as saying, “I am very pleased the Board has taken action to reduce the outstanding shares in our Company. Our goal since day one has been to increase shareholder value and this action is a strong step in that direction. I have never been more optimistic about our road to growth and becoming a billion dollar company than I am right now.”
For more information about Social Detention Inc. visit www.sodetention.com.
FORWARD LOOKING STATEMENTS
Except for historical information, this news release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve unknown risks, and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that might cause such differences are discussed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.