Z Trim Holdings, Inc. Corrects Capital Structure,
Effectuates Reverse Stock Split
MUNDELEIN, Ill., Feb. 9 /PRNewswire-FirstCall/ -- Z Trim Holdings, Inc.
(OTC Bulletin Board: ZTHO), reported today that it had effectuated a
one-for-thirty (1:30) reverse stock split as of the close of business
on February 6, 2009. As part of this split, the Company's stock will
now be traded under the symbol "ZTHO" on the Over-the-Counter Bulletin
Board. As of the close of trading on February 6, 2009, the Company had
a post-reverse split number of 2,597,879 shares outstanding, at a
post-split trading price of $1.50.
"We now believe our capital structure is in line with the rest of our operations," said President, Steve Cohen.
"We anticipate that this move will help us attract capital going
forward, and, ultimately, will help us to increase shareholder value."
ABOUT Z TRIM�
Z Trim, www.ztrim.com, is a functional food
ingredient and emulsifier and is made from the hulls of either corn or
oat. Z Trim is a versatile product that can serve as a fat replacement,
thickening agent or emulsifier with texturization, binding, shaping,
suspension, water control and pH balance attributes. Z Trim represents
a frequently cost competitive alternative or complement to many of the
oils, gums and starches it can replace. Because Z Trim is non-caloric
dietary fiber, replacement of added fats with Z Trim can achieve up to
80% calorie reduction in many foods without negatively affecting taste
or texture, and can substantially reduce harmful trans and saturated
fats found in many foods. Z Trim has wide application in dairy
products, dressings, dips, sauces, baked goods, processed meats, snack
foods, cookies, pies, cakes, icings, brownies, bars, ice cream, milk
shakes and many other foods.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
statements involve a number of risks, uncertainties and other factors
that could cause actual results, performance or achievements of Z Trim Holdings
to be materially different from any future results, performance or
achievements expressed or implied by these forward-looking statements.
There can be no assurance that the reverse stock split will result in a
per-share price that will increase the ability to attract investors or
investment, or attract and retain employees, customers and other
service providers. Other factors, which could materially affect such
forward-looking statements, can be found in our filings with the
Securities and Exchange Commission at www.sec.gov,
including risk factors relating to material weaknesses in internal
control over financial reporting, our history of operating losses, lack
thus far of significant market acceptance of our products, the fact
that we may dilute existing shareholders through additional stock
issuances, and our reliance on our intellectual property. Investors,
potential investors and other readers are urged to consider these
factors carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking
statements. The forward-looking statements made herein are only made as
of the date of this press release and we undertake no obligation to
publicly update such forward-looking statements to reflect subsequent
events or circumstances.
Investor Relations Angela Strickland (847) 549-6002