Ultrack Systems, Inc.: Ultrack Systems Successfully Retires An Initial One Hundred Million Outstanding Common Shares
Concord, Ontario (Newsfile Corp. - February 2, 2021) - Ultrack Systems Inc. (OTC Pink: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that the Company has successfully completed the process of retiring 100,000,000 shares that are currently issued and considered outstanding with our corporate share structure. After completing this substantial reduction, the new current Outstanding Share total is approximately 275m.
Ultrack CEO Michael Marsbergen commented: These 100,000,000 common share reductions is in keeping with my commitment to shareholders to growing this Company and adding value wherever possible. Retiring 100 million shares from our current Outstanding Share count immediately increases shareholder value. At the current market price of about .07 per share for MJLB stock this retirement represents a $7,0