BizAuctions Files Notice of Corporate Action With

BizAuctions Files Notice of Corporate Action With FINRA

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BizAuctions Files Notice of Corporate Action With FINRA
LAS VEGAS, NV--(Marketwired - Jun 19, 2014) - BizAuctions (OTC Pink: BZCN) (PINKSHEETS: BZCN) -- The Company filed a Notice of Corporate Action with FINRA to report an amendment to its articles of incorporation today as required under FINRA guidelines.

Delmar Janovec, BizAuctions' CEO, comments, "The Company filed today with FINRA, Notice of Corporate Action, providing notice the Company will be amending its articles of incorporation with the State of Delaware after receiving consent by more than 80% of the shareholders of the Company, the amendment will decrease its authorized common stock from Twenty Billion (20,000,000,000) to Two Billion, (2,000,000,000), shares with an effective date of July 7, 2014.

"We are currently exploring new corporate opportunities and believe by reducing the authorized common stock the Company will become a more attractive partner/participant in future projects and possible new acquisitions. The reduction of the authorized shares will also bring additional shareholder awareness as we continue to move the Company forward while exploring these new possibilities. Our goal is to identify lucrative opportunities and evaluate each one with the assistance of qualified consultants that could potentially deliver the maximum return to our shareholders."