VoIPMDU.COM INITIATES CORPORATE RESTRUCTURING & REORGANIZATION PROGRAM WITH CANCELLATION OF SHARES & IMPENDING ANNOUNCEMENT OF NEW BUSINESS ACTIVITY.
March 24th, 2006: Vancouver, BC, Canada: Newswire: VoIPMDU.COM (www.voipmdu.com) today announced that it is now in the process of canceling 4,000,000 common shares from its previous Issued & Outstanding Shares total of 42,908,400. The revised Issued & Outstanding Shares will now stand at 38,908,400 shares, for a total of 50,000,000 authorized shares. The Company is also in negotiations for the purchase of an additional 3,000,000 shares to provide a more consolidated publicly traded vehicle that will dovetail more efficiently into its current and new business activity areas.
VoIPMDU.COM is also currently filing the required paperwork and documents to comply with the requirements of a fully reporting company, which will take place later in 2006, subject to regulatroy approvals. This is just one of the components of an overall restructuring program of the Company, together with a major announcement which will involve an exciting new opportunity with a major joint venture partner. This development will be detailed within the next ten days. The Company's website contents, together with its affiliated links, are now being revised with information on the Company's new activities/venture partners and VoIP technology product offers.
Shareholders and interested investors are encouraged to utilize the new Level 2 quote service now offered at no cost by the Pink Sheets (www.pinksheets.com) for more accurate, expedient quotes.
VoIPMDU.COM is a broadband VoIP telecom company offering local and long distance VoIP services to consumers, business owners and multiple dwelling buildings. The Company offers turnkey solutions for all of its voce/video/data applications. For more information, please contact Richard Kipping at (310) 890-3212, or info@voipmdu.com.