SSTC Does Major Reverse Split and Completes Change of Control
Online, March 30, 2012 (Newswire.com) - Safe and Secure TV Channel, Inc. announced its board of directors voted for a significant reverse stock split and other major matters associated with a change of control of the company. The reverse split brought the shares of common stock from approximately 800,00,000 outstanding to 625,000. The company issued 49,375,000 shares of restricted stock to Red Alert Group, Inc., an international security consultancy. This brings the total shares outstanding to 50,000,000. A slate of new directors associated with Red Alert Group was elected to the board of directors of Safe and Secure TV Channel, Inc. As a result of the reverse split, the company's symbol has been changed to SSTCD. The "D" reflects the split and will remain for 20 business days. During this period, the new board and officers will change the company's name to "Red Alert Media Matrix Holding Corp." and apply for a new stock symbol.
Last month, Red Alert Group announced its plans to launch a 24-hour global television news network focused on safety and security. Timothy A. Holly, head of Red Alert Group said, "The takeover of Safe and Secure TV is a necessary step of our strategy for RAMM, the new global network. However, it is most important that all shareholders know we are driven to provide them with solid and substantial value." Holly is also the company's newly-elected Chairman and CEO.
ABOUT SAFE AND SECURE TV CHANNEL, INC.
Safe and Secure TV Channel is the world's premier internet broadband television network and multimedia information and distribution company serving the security and emergency preparedness industry. Unifying internet broadband television, print magazine publishing, and the latest electronic media, the Company's proprietary media distribution platform, customer service, and marketing tools are specifically designed to enable multi-channel customer communication and relationship development in the safety and security industries. For additional information, please visit the company's website at www.safeandsecuretvchannel.com.
ABOUT RED ALERT GROUP. Red Alert Group, Inc. offers security, intelligence, and private military solutions to government and commercial customers. Information on can be found at www.RedAlertGroup.com.
Forward-looking statements in this release involve risks and uncertainties that may cause future results to be materially different from any future performance suggested in this release. Neither, Safe and Secure TV Channel, Inc. or Red Alert Group, Inc. undertakes an obligation to update any forward-looking statements.
For further information:
Investor Relations
Tel/Fax: 800-843-8272
Mobile: 202-599-0902
Email: RedAlertTV@redalertgroup.com
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