Verso announced that the 1-for-5 reverse stock split of its outstanding common stock will be effective 12:01 AM October 11th and not October 10th

October 7, 2005

1 Min Read

ATLANTA -- Verso Technologies, Inc. (Nasdaq: VRSO), a leading provider of packet-based solutions, announced today that the 1-for-5 reverse stock split of the Company's outstanding common stock will become effective at 12:01 a.m. on October 11, 2005 and not October 10, 2005, as previously announced. The Company changed the effective date of the split upon The Nasdaq Stock Market informing the Company on October 6, 2005 that, as a result of the Columbus Day banking holiday, Nasdaq's automatic quotation system would not permit the Company's stock to trade on a post-split basis on the day originally confirmed with The Nasdaq Stock Market. Accordingly, the Company's common stock will begin trading on a post-split basis at the market open on October 11, 2005.

Verso Technologies Inc.

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