NEW YORK, Nov. 26 /Xinhua-PRNewswire/ -- itLinkz Group, Inc. ("ILKZ") (the "Company") announced that, effective as of the beginning of trading today, November 26, 2007, the Company has changed its name to "China YCT International Group, Inc." and began trading under its new symbol
(OTC Bulletin Board: CYIG). In addition, the Company announced a 1:28 reverse split of its outstanding common shares also effective as of November 26, 2007.
Holders of shares representing a majority of the voting power of the Company have given their written consent to a resolution approving these actions, and an amendment of the Articles of Incorporation to this effect was filed with the Delaware Secretary of State.
China YCT International Group, Inc., through its operating subsidiary, Shandong Spring Pharmaceutical Co., Ltd. ("Shandong Spring"), a corporation organized under the laws of the People's Republic of China, is engaged in the business of the distribution of gingko-based health and beauty products. All of Shandong Spring's business is currently in China.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
