LAS VEGAS, Aug. 13, 2012 (GLOBE NEWSWIRE) -- Tatyana Designs, Inc. (the "Company") (OTC Pink:ASCOD),announced today that it has formally completed its name change along with a 1 for 15 reverse stock split and related transactions resulting in 11,935,000 shares of common stock issued and outstanding with 25,000,000 shares, par value $0.001, authorized. The Company also has 5,000,000 shares of preferred stock authorized, par value $0.001, with no preferred shares outstanding.
Acceptance by FINRA of the name change and reverse split reflect the final step connected with the August 7, 2010 reverse merger and recapitalization among AirScooter Corporation (renamed Tatyana Designs, Inc.) and Design Technology Holding, LLC ("DTH"), a privately held limited liability company with wholly-owned subsidiaries doing business as Bettie Page ("BPC") clothing. As a result of the merger, the business of DTH, has merged and is now owned by the Company. The Company also completed a $200,000 capital raise in connection with the transaction. For details of the merger, the new business, new management and ownership see the Company's online filings at: http://www.otcmarkets.com/stock/ASCOD/filings.
"With the previously announced name change and reverse stock split now officially complete, we are now in a position to clearly communicate our business and financial information," said Jan Glaser Co-Chief Executive Officer and Treasurer. "We currently own and operate profitably eight boutiques in four states along with an active e-commerce business (www.bettiepageclothing.com) and a wholesale division selling to independent boutiques in the United States and 27 other countries. We look forward to communicating future business developments and financial progress to our stockholders and the investment community under the Tatyana Designs, Inc. name. We expect the temporary stock symbol of ASCOD to change to TATD in 20-30 days to better identify our symbol and company."
About the Company - Based in Las Vegas, Nevada, Tatyana Designs, Inc. is a growing retailer specializing in contemporary designs inspired by the 50's and the iconic Bettie Page. The merchandise offered through eight boutiques, an active e-commerce business and through a wholesale division is a diverse mix of high-quality and attractively priced apparel, jewelry, accessories and gifts. Bettie Page collections target the 18-35 year-old, fashion conscious, female customer, but women of all ages are attracted to the unique retro look. New product styles are presented monthly. For more information on the company please visit the Web site at www.tatyanadesigns.com.
Trademark Information: Bettie Page is a trademark registered to Mark A. Roesler, dba Bettie Page LLC (www.BettiePage.com) and licensed for use by BPC. All other trade names are either trademarks or registered trademarks of their respective holders.
Cautionary note on forward-looking statements:
This press release includes forward-looking information and statements. Except for historical information contained in this release, statements in this release may constitute forward-looking statements relating to future transactions, performance and developments that may affect future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risks and uncertainties, including satisfaction of conditions precedent, and other factors identified and discussed in the Company's most recent public corporate documents. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from the Company's current expectations.