|By Marketwired .||
|April 29, 2014 07:17 AM EDT||
CAMPBELL, CA -- (Marketwired) -- 04/29/14 -- iHookUp Social, Inc. (OTCQB: TFER), is pleased to announce that effective today, the effectuation of the Company's name change, reverse stock split and tentative symbol change. The Company is now recognized as "iHookUp Social, Inc." by FINRA, replacing the former name of "Titan Iron Ore Corp."
The Company's temporary new symbol beginning today will be TFERD with the "D" appended as the 5th character for 20 business days including the effective date. After 20 business days the new ticker symbol will formally become HKUP.
Additionally, as of the start of trading today shareholders of record will be affected by the 20-1 reverse stock split. When the market opens every twenty (20) shares of issued and outstanding common stock will be converted into one (1) share of common stock. All fractional shares created by the reverse stock split will be rounded to the nearest whole share. The reverse stock split will also reduce the Company's outstanding preferred stock based on this split ratio.
"It is exciting to near the end of this phase of our corporate evolution with our Company name now in place, the split completed, and our requested stock symbol 20 business days away," stated Robert Rositano, Jr. CEO, iHookup Social. "The name and symbol change allows us to completely align our corporate image with our growing brand and the split preserves our standing on the OTCQB and to be introduced to an additional strata of the investing public."
"We will soon be providing the market with a detailed Investor Presentation and some interesting updates on our standing in the actual app marketplace," added Rositano.
iHookup Social, Inc.
iHookup Social is a "proximity based" mobile social platform that facilitates real connections, between real people...in real time! It utilizes the intelligence of GPS and localized recommendations for dating, friends, groups and organizations to break through closed social cliques and expand them, not only virtually, but in real life!
The company's users will be provided with "local" options of many kinds, enabling mobile distribution of locally relevant content and special offers. The company hopes to bring together a dynamic opportunity for brands, advertisers and merchants to interact in new and innovative ways with the iHookup Social Network, while building customer loyalty, engagement and revenues. The company is pursuing its growth in its current "dating vertical" market, as well as expanding its reach in the general audience category of "Social Networking." www.ihookupsocial.com
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected by iHookup Social, Inc. the wholly owned and operating subsidiary of Titan Iron Ore, Corp. ("Titan"). The iTunes rankings should not be construed as an indication in any way whatsoever of the future value of the iHookup Social -- Titan's common stock or its present or future financial condition. iHookup Social -- Titan's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. iHookup Social -- Titan cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, iHookup Social -- Titan does not undertake, and iHookup Social -- Titan specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
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