SAN DIEGO, Sept. 17, 2012 (GLOBE NEWSWIRE) -- MyEZsmokes Inc. (OTC:XRMB), a leading manufacturer and distributor of electronic cigarettes (www.MyEZsmokes.com) today announced that its Board of Directors has approved a resolution authorizing the cancellation of 14,800,000 shares owned by its President and CFO, Daniel W. Balsiger.
Mr. Balsiger said that, "This surrender of the shares owned by me the President and CFO is one of a number of initiatives that we are undertaking to improve the overall capital structure of MyEZsmokes Inc. Our Focus remains on building shareholder value for all our investors. We look forward to providing further updates relating to corporate strategy in the weeks to come."
After the cancellation of the shares, there are 37,811,875 common shares issued and outstanding.
About MyEZsmokes Inc.
Headquartered in San Diego, California, MyEZsmokes Inc. engages in the manufacture, sales and distribution of electronic cigarettes. The company offers e-cigarette starter kits, disposable e-cigarette kits, as well as re-fill cartomizers in tobacco and menthol flavors. For more information, please visit www.MyEZsmokes.com.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, projections of results, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Acts of 1933 and 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those anticipated due to a number of factors. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance or achievements. The company has no obligation to update these forward-looking statements.