ATLANTA, Aug. 18, 2010 (GLOBE NEWSWIRE) -- LIGATT Security International (Pink Sheets:LGTT), a premier cyber security company, today announced that the company's temporary 30 day stock symbol LGTTD has recently changed back to its former symbol LGTT.
At the end of market close yesterday, LSI's stock price was reported at .034. With the stock symbol changing back to LGTT, the stock price is currently showing that the price may have dropped, not back to the previous close, but what the reportings were 30 days prior to the stock symbol changing to LGTT. It may take a day or two for the company's stock to return back to the actual price, which is currently trading anywhere from .020 to .04.
"This is nothing new for any company -- Pinksheets, Bulletin Board, or even NASDAQ -- who has done a reverse or forward split," comments Gregory Evans, President and CEO of LIGATT Security International. "The frustration comes in when a company is trying to get everybody back on the stock to reflect the original price, and it just doesn't happen overnight."
There may be a few people currently able to trade their stock in their accounts now. Others may have to wait until their brokerage service updates their account, while new bid prices from market markers appear on LSI's stock as well.
About LIGATT Security International
LSI is the nation's premier hi-tech security company and recognized as a leader in computer security and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation's leading provider of hi-tech crime investigations, by protecting their clients against Black Hat Hacking one CPU at a time. For more information about LIGATT Security International, visit www.ligatt.com.
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***This press release was done in-house by a LIGATT Security International staff member. LIGATT Security International never has and never will use stock promoters, or outside Investor Relations firms.***
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.