HOUSTON--(BUSINESS WIRE)--Changing Technologies, Inc. (OTCBB: CHGT) announced today that its Board of Directors and stockholders holding a majority of voting shares approved a five-for-one stock dividend. Each CHGT shareholder at the close of business on July 21, 2014, will receive four additional shares of common stock for every share held on the record date. Ten million shares of preferred stock were also authorized.
CHGT is focusing on developing innovative 3D printing concepts to bring the technology to mainstream consumers. CHGT is pursuing additional growth areas in the booming 3D printing sector that industry analysts forecast to exceed $16 billion within the next five years.
The 3D printing sector continues to grow at an exponential rate. CHGT, through its wholly-owned subsidiary 6th Dimension Technologies, is exploring all avenues to personalize the technology for the consumer end user.
For more information on the stock dividend, visit the CHGT website at changingtechno.com.
Changing Technologies, Inc. is in the cutting-edge technology sphere alongside companies including Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF), and ExOne Co. (NASDAQ: XONE).
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: CHGT) is a forward-thinking company working to be at the forefront of the next generation of consumer-based technology. The Company is positioning itself to leverage the global demand for the latest technological advances and the services they offer.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.