In order to further their marketing and product development endeavors in 2010, CSHU will be using the proceeds acquired from the reverse split. The reverse stock split will be implemented prior to the start date of the registration statement, they will advise shareholders of the record and effective dates for the reverse stock split in a later press release. Application will also be made to list the company's common stock for trading on NYSE Amex after fruition of the anticipated offering.
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About Celsius Holdings, Inc.
Celsius Holdings, Inc. markets Celsius, the original, great tasting calorie burner that is backed by science, through its wholly-owned operating subsidiary, Celsius, Inc. Celsius, Inc. is dedicated to providing healthier, everyday refreshment through science and innovation.
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