Sport Endurance Cancels Forward Split

SALT LAKE CITYSport Endurance Inc. (OTCBB: SENZ), a marketer of sports nutrition and dietary supplements, withdrew its Pre 14 C, filed July 12, cancelling a proposed forward stock split; it attributed the move to current market conditions and market cap. Company shareholders had authorized and approved a forward stock split of 5-to-1 of total issued and outstanding shares of common stock during a June 7 annual meeting. There are currently 57.2 million shares issued and outstanding, the majority of which are owned by insiders and affiliates.

Robert Timothy, CEO, said, We have been considering a change in the capital structure of the company since we started. Our goal was to reflect a structure that provides us with an opportunity to grow, to attract investors, and to provide shareholders with an opportunity to benefit as the company grows. Like most things in life, even the capital structure of a company is a work in progress. We believe that the current capital structure truly provides the optimum structure that we will require in order to comfortably move ahead."