Jan 10 2011
DGT Holdings Corp. (OTCBB:DGTC) (the "Company") announced today that it has completed the previously announced reverse stock split at a ratio of one-for-fifty and a forward stock split at a ratio of four-for-one. All shareholders owning fewer than fifty shares and all fractional shares remaining following the forward stock split have been cancelled and shareholders will receive a cash payment based on the ten day average closing price of the common stock prior to the splits. The Company has also completed its name change to DGT Holdings Corp.
For more information regarding the reverse/forward stock split and name change, please refer to the Proxy Statement relating to the Company's shareholder meeting held on October 13, 2010 that was previously mailed to shareholders.
The Company's Common Stock will trade on the Over the Counter "OTC" Bulletin Board under the symbol "DGTCD" for the next twenty business days and then revert to "DGTC."