2013-01-18 15:44:08 -
IRVINE, CA--(Marketwire - January 18, 2013) -
Bazi International, Inc. (OTCQB: BAZI), a healthy beverage provider with major entertainment and media company licensing agreements for use of their characters on its proprietary, patented bottles, and its operating subsidiary True Drinks, Inc. today announced that the Company's official name will change to True Drinks Holdings, Inc. on Tuesday, January 22, 2013. Also on this date, the Company will effectuate a reverse stock split on the Company's common stock at a ratio of 100 for 1. The Company's stock ticker symbol will be changed to "BAZID" for a period of twenty trading days commencing Tuesday, January 22, 2013. The stock ticker symbol will then revert to "BAZI" for ten days after which the Company's common stock will trade under the Company's new symbol "TRUU."
Corporate Stock Transfer, Inc. of Denver, CO, the Company's transfer agent, is acting as the exchange agent for the reverse stock split. Stockholders will receive forms and notices to exchange their existing shares for the new shares from the exchange agent, or from their bank, broker or other nominee holder. Stockholders who hold stock certificates evidencing their shares of the Company's common stock are advised that they should not send in their stock certificates until they receive a letter of transmittal, which will contain detailed instructions for exchanging their existing stock certificates from Corporate Stock Transfer, Inc.
About Bazi International, Inc.
Bazi International, Inc., through its operating subsidiary True Drinks, Inc., is a beverage company with licensing agreements with major entertainment and media companies for use of their characters on its proprietary, patented bottles. AquaBall™, the company's naturally-flavored, vitamin-enhanced water drink that was created as a low-calorie, low-sugar alternative to juice and soda for kids, is currently being sold into mass-market retailers throughout the United States. For more information, please visit www.theaquaball.com : www.theaquaball.com/
and www.truedrinks.com : www.truedrinks.com/
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if," "should" and "will" and similar expressions as they relate to True Drinks, Inc. are intended to identify such forward-looking statements. True Drinks, Inc. may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations or the anticipated benefits of the merger and other aspects of the proposed merger should not be construed in any manner as a guarantee that such results or other events will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see "Risk Factors" in True Drinks' report on Form 10-K filed with the Securities and Exchange Commission and its other filings under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Investor Relations Contacts:
True Drinks, Inc.
18552 MacArthur Blvd., Ste. 325
Irvine, CA 92612 email@example.com
Alliance Advisors, LLC
(914) 669-0222 firstname.lastname@example.org
(914) 669-0222 x201 email@example.com
docid: 20130118_11G003395-001.nitf -->