ORLANDO, Fla., Feb. 14, 2011 (GLOBE NEWSWIRE) -- Mobile Media Unlimited Holdings (Pink Sheets:MMUH) announces today that it has filed the required forms with FINRA for a name change, symbol change and a reverse stock split of 1 for 1000.
"The purpose of the restructure is to give the business a fresh start and to take the emphasis away from previous business operations by focusing minds on the current management's exciting plans for the future," stated Danny Jenkins, CEO of Mobile Media.
Importantly, the Company will also file the required forms with the State of Delaware for a reduction in the Authorized Share Capital to 950m, down from 5bn, effective as soon as the reverse stock split is confirmed by FINRA.
"We need to take this stock away from the position where day traders are able to double their money overnight, but keep the company trading at the bottom end each day. We believe raising the price through a reverse and showing the markets we are standing firm in not seriously diluting shareholders, that we can maintain a high value for this stock over the long term," continued Jenkins.
Mobile Media has recently changed the company name to EnableTS, Inc. with the State of Delaware and is expecting FINRA to confirm this new name and to issue a new trading symbol within the next ten days.
Mobile Media Unlimited Holdings, Inc. recently displayed its new branding including new corporate logo, brochureware and website. The company also announced an exciting new product range in Cloud Based Storage, currently code named Project Jupiter.
The new website can be accessed at .
Enable Software is a software development company that works with IT Service Providers to furnish them with the very latest in email and storage management solutions for the modern market place.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Mobile Media Unlimited Holdings and Enable Software take no obligation to update such statements.
CONTACT: Investor Relations, MMUH: 407 571 6825