LAS VEGAS, June 21, 2007 (PRIME NEWSWIRE) -- Hansen Gray & Company, Inc. (Pink Sheets:HGCP) announced today that effective June 22, 2007, the Company will change its name to AMF Capital, Inc. and begin trading under its new symbol (OTCBB:ACPI). In addition, the Company announced a 1 for 20 reverse split of its outstanding common shares whereby one "new" share of the Company's Common Stock will be issued in exchange for every twenty (20) shares of Common Stock issued and outstanding as of 5 P.M. EDT on June 21, 2007. Stockholders should exchange their stock certificates for new ones bearing the name AMF Capital, Inc. Stockholders will receive one share for every twenty shares held.
Frank Weber, President of Hansen Gray & Company, said, "We look forward to the future the growth and development of our business, and to the success of our capital investments. We believe the reverse stock split is in the best interest of our shareholders."
AMF, formerly Hansen Gray and Company, is a strategic venture capital firm that acquires or invests in companies, which through growth or acquisition, have the potential to become leaders in their respective markets.
This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Hansen Gray & Company, Inc.'s future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.