To Verity shareholders and interested investors:
The company has confirmed the return of 900,000 shares as noted in last week's 8-K filing (www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9413788). As per the filing, "On July 23, 2012, the Company and the Debt Holders entered into an agreement pursuant to which the prior transactions were rescinded, the Shares were cancelled and debt in the aggregate principal amount of $72,000 was reinstated." The agreement has been fulfilled.
Because these shares were free trading, the public float will be reduced by 900,000 shares -- the issued and outstanding count will also be reduced by 900,000 shares. The new share totals will be reflected at OTCMARKETS.MOM (www.otcmarkets.com/stock/VRTY/company-info) next week.
Consolidated revenues were $1.428 million for the third quarter, an increase of $1.33 million or approximately 1,345% over consolidated revenues for third quarter, 2012. Along with the increased revenue, the Company's gross profit increased $604K for the third quarter, an increase of 746% over consolidated gross profit for the third quarter 2012. All comparisons include revenues from the acquisition of Aqualiv Technologies.
To Verity Corp shareholders and interested investors:
Verity Corp. was added to Maxim Group's list of Strategic Advisory clients at maximgrp.com/investmentbanking/...s/invest_bnking_advisory.asp
Verity Corp retained Maxim Group to provide Strategic Advisory services, including advising on Mergers and Acquisitions (M & A).