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Press Release
October 16, 2003
FemOne, Inc. Announces Clarification Regarding
Forward Split And Certificate Exchange
Carlsbad, CA, October 16, 2003 – FemOne, Inc., a publicly held Nevada Corporation, (OTCBB: FEMOV), formerly named New Paltz Capital Corporation, announced a clarification of its recent stock split. Pursuant to a resolution passed by the company’s board of directors on August 20, 2003, the public company agreed to issue a six for one stock split as a dividend for shareholders of record as of September 1, 2003 of the publicly held company, then named New Paltz Capital Corporation.
The publicly held company wants to emphasize that the stock split is only for shareholders of record on September 1, 2003 in New Paltz Capital Corporation, the publicly held company. Confusion may have arisen because the publicly held company is finalizing a merger with a privately held company, also named FemOne, Inc. Investors who invested in a securities offering of FemOne, Inc., the privately held company, are not entitled to the dividend split.
The post split shares were printed in the publicly held company’s former name, New Paltz Capital Corporation, by the transfer agent on September 16, 2003 and mailed to all shareholders on September 22, 2003. Thus, any shareholder who was not a shareholder of record in New Paltz Capital Corporation, the publicly held company, on September 1, 2003 would not be eligible to receive the dividend split. Furthermore, shareholders in FemOne, Inc., the privately held company, were never entitled to a dividend split.
Misunderstanding may have been caused by New Paltz Capital Corporation, the publicly held company, changing its name in anticipation of a merger with FemOne, Inc., the privately held company. The publicly held company formally changed its name to FemOne, Inc. on October 3, 2003 and in connection with that name change obtained a new CUSIP number, 31446N106, and a new trading symbol, FEMOV, effective as of October 9, 2003. Shareholders with certificates in the name of New Paltz Capital Corporation, the publicly held company, are required to exchange their certificates for new certificates in the name of FemOne, Inc., the new name of the publicly held company, with the new CUSIP number. When the shares have been exchanged the “v” modifier on the symbol will be removed by NASDAQ. The modifier has been placed on the symbol to notify the market of the share exchange requirement.
Questions regarding the exchange of New Paltz Capital Corporation shares for FemOne, Inc. shares should be directed to Pacific Stock Transfer at 702-361-3033.
About FemOne, Inc.
FemOne, Inc (OTCBB: FEMOV) is a Carlsbad, California based direct-selling nutrition, skincare and cosmetics company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company’s web site at www.femone.com, or by calling FemOne Inc. at (760) 448-2498.
October 8, 2003
FemOne, Inc. Announces Name Change, New Symbol of FEMOV, Correction of Market Confusion Regarding 6-For-1 Forward Split and Certificate Exchange
Carlsbad, CA, October 8, 2003 – FemOne, Inc. (OTCBB: FEMOV), formerly New Paltz Capital Corporation (OTCBB: NPZC), a Carlsbad, California based direct-selling nutrition, skincare and cosmetics company with distribution in the United States and Canada, announced today that it had formally changed its name by amendment to its articles of incorporation. The company also announced that it had obtained a new CUSIP number and that its securities will be quoted under a new symbol, FEMOV, which will be in effect at opening of the market on October 9, 2003 on the NASD Over-The-Counter Bulletin Board.
The company also announced that its securities were subjected to a temporary trading and quotation halt on October 6, 2003 at 17:12:35 Eastern Daylight Time under the symbol reflecting its former name, ”NPZC”. The trading halt was requested so that confusion concerning the company’s new name and a six-for-one stock split could be corrected. The company had previously announced a six-for-one forward split of its common stock by a stock dividend payable on September 22, 2003. Owing to confusion surrounding the notification of the split to NASDAQ, the ex dividend date posted by NASDAQ was October 6, 2003, notwithstanding the fact that post split shares were already in the market.
NASDAQ thereon determined on October 6, 2003 that sufficient confusion existed in the market to warrant a trading and quotation halt. Quotation and trading in the company’s stock will be re-opened at 8:00 a.m. Eastern Daylight Time on October 9, 2003 under the new symbol. Shareholders, market makers and brokers are required to exchange certificates issued under the name of New Paltz Capital Corporation for new certificates being issued under the name of FemOne, Inc. under the company’s new CUSIP number, 31446N106. When the shares have been exchanged the “v” modifier on the symbol will be removed by NASDAQ. The modifier has been placed on the symbol to notify the market. The public is also advised that trades executed on or after October 6, 2003 represent post-split shares of FemOne, Inc.
Questions regarding the exchange of New Paltz Capital Corporation shares for FemOne, Inc. shares should be directed to Pacific Stock Transfer at 702-361-3033. More information about FemOne and its products can be found on the company’s web site at www.femone.com.
About FemOne, Inc.
FemOne, Inc (OTCBB: FEMOV) is a Carlsbad, California based direct-selling nutrition, skincare and cosmetics company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company’s web site at www.femone.com, or by calling FemOne Inc. at (760) 448-2498.
September 22, 2003
FemOne, Inc. now a Publicly Traded Company
Carlsbad, CA, September 22, 2003 – Effective as of Monday, September 22, 2003, FemOne, Inc. a Carlsbad, California based direct-selling company with distribution in the USA and Canada completed a reverse merger in which it was acquired by a publicly traded company that will shortly change its name to FemOne, Inc. The Company’s securities are now quoted on the NASD Over-The-Counter Bulletin Board under the symbol ”NPZC”.
Established in May 2002, FemOne, Inc. markets three brands that specifically address women’s health and beauty issues: FemOne Nutritionals, CHANNOINE and 2SIS COSMETICS. FemOne Nutritionals offer proprietary herbal hormone balancing formulations focused on PMS and Menopause; CHANNOINE features premier European Anti-Aging Skin Care products with market-proven results, having been in the European marketplace for more than 18 years, generating annual revenues in excess of $100 million. The 2SIS-Product line was launched with the collegiate target market’s essential makeup needs such as Lip-gloss, Lip liner, Mascara, Bronzer and Body shimmer. All of FemOne’s products are sold through a network of Independent Business Associates (IBAs) throughout the USA and Canada.
“We are extremely excited about now being a publicly traded Company”, states Ray Grimm, CEO of FemOne, Inc. “We had a favorable entry into the US and Canadian markets in our first year of business and I am excited about where we are heading”.
With the herbal remedy and anti-aging market growing rapidly, FemOne, Inc. is positioning itself to be a leader in these markets. “Our proprietary herbal formulations that focus on symptom relief for ailments such as Menopause, Hormone balancing and PMS have received an overwhelmingly positive response”, states Dr. J.J. Meier, President of FemOne Inc. “Our experience has shown there is a need for natural remedies to address women’s issues, as well as for highest-quality European skincare formulations and trendy color-products. FemOne, Inc. caters to these needs while allowing women to earn additional income.”
Darah Grimm, the co-creator of FemOne’s third brand, 2SIS Cosmetics, adds: “Through 2SIS we are able to target powerful, yet virtually untapped high school and collegiate cosmetic market with products and a business opportunity that are created specifically with college girls in mind”. According to a Wall Street Journal article, 17 million women in the U.S. are in the 16-24 age-group, with an aggregate purchasing power of $96 billion – one quarter of which is spent on beauty and beauty-related products.
More information about FemOne and its products can be found on the company’s web site at www.femone.com. About FemOne, Inc.
FemOne, Inc (OTCBB: FEMOV) is a Carlsbad, California based direct-selling nutrition, skincare and cosmetics company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company’s web site at www.femone.com, or by calling FemOne Inc. at (760) 448-2498.
We desire to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. We caution readers regarding certain forward looking statements in the discussion and elsewhere in this report and in any other statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward looking statements made by, or our behalf. We disclaim any obligation to update forward looking statements.
These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievement expressed or implied by such forward looking statements. In some cases, you can identify forward looking statements by terminology such as "may," "will," "should," "could," "intend," "expects," "plan," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements.
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