TableMAX Corporation to Effect a One-for-6.172440476 Reverse Stock Split
18 Agosto 2008 - 5:18PM
PR Newswire (US)
The New Stock Symbol Will Be 'TBLX' LAS VEGAS, Aug. 18
/PRNewswire-FirstCall/ -- TableMAX Corporation, a Nevada
corporation (Pink Sheets: CSJP), announced today that on August 19,
2008, it will effect a one-for-6.172440476 reverse stock split of
all of its issued and outstanding shares of common stock. In
connection with the reverse split and recent name change from CJPG,
Inc. to TableMAX Corporation, a new stock symbol, "TBLX," will be
assigned to the TableMAX common stock effective as of August 19,
2008. The TableMAX common shares will continue to be quoted on the
Pink Sheets on a post-split basis under the new stock symbol. No
cash will be paid or distributed as a result of the reverse split,
and no fractional shares will be issued. All fractional shares
which would otherwise be required to be issued as a result of the
reverse split will be rounded up to the nearest whole number. The
reverse split will be recorded on TableMAX's stock transfer records
in the form of book entry. As such, following the reverse split,
the share certificates representing the pre-split shares will
continue to be valid with the adjustment for the number of shares
owned being made on TableMAX's stock transfer records. Shareholders
are not required to, but may at their own expense, tender to
TableMAX's transfer agent their certificates representing pre-split
shares in exchange for certificated shares in the post-split share
amount. About TableMAX TableMAX is engaged in the manufacture, sale
and distribution of a patented five-seat, multi-player electronic
table game known as the TableMAX(R) System(TM). The TableMAX System
is a state of the art multi-player video gaming machine that
utilizes patented technology to provide electronic versions of
popular traditional casino card games. The TableMAX game library
includes Progressive Blackjack(TM) (Gaming Labs certified Sept.
2007), Caribbean Stud(R) Poker (Gaming Labs certified May 2008) and
Caribbean Draw(R) Poker, which is currently being tested for
certification. Texas Hold 'Em Bonus Poker is currently in
development. To date, TableMAX has sold five TableMAX Systems
abroad; placed six on a recurring revenue basis, including five in
Oklahoma casinos and one in South America; signed orders for six
system installations; and received verbal commitments for 18 system
placements. In April 2008, TableMAX launched its initial wide area
network offering a progressive jackpot, linking TableMAX Systems in
operations at two separate Tribal gaming establishments in
Oklahoma. The wide area network is believed to be the first wide
area progressive network on an electronic table game available
anywhere in the world. TableMAX commenced its current business,
consisting of the manufacture and sale of the TableMAX System and
related video card games, in 2004. It commenced limited revenue
producing operations in 2005 through the marketing and sale of an
earlier version of the TableMAX System, and completed the initial
development of the TableMAX System in the fourth quarter of 2007.
TableMAX commenced the formal roll-out of the system and related
card games in first quarter of 2008. From its inception through
June 30, 2008, TableMAX has generated $308,000 in revenue from the
sale or placement of TableMAX Systems. Forward Looking Statements
This release contains certain "forward-looking statements" relating
to the business of TableMAX and its principal subsidiary, TableMAX
Holdings, LLC, a California limited liability company, which can be
identified by the use of forward-looking terminology such as
"believes, expects" or similar expressions. Such forward-looking
statements involve known and unknown risks and uncertainties,
including all business uncertainties relating to product
development, marketing, market acceptance, future capital
requirements, competition in general and other factors that may
cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
TableMAX is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.
Contact: Paul Speirs, Steinbeck Communications (702) 413-4278,
DATASOURCE: TableMAX Corporation CONTACT: Paul Speirs of Steinbeck
Communications, +1-702-413-4278, , for TableMAX Corporation
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