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May 20, 2008
Kelyniam Global, Inc. Sets Resale Restrictions
on Affiliate Stock
Little Rock, Arkansas--(BUSINESS WIRE)—Kelyniam
Global, Inc. (OTC.BB:KLYG
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News), sets resale restrictions on affiliate
stock.
Kelyniam Global, Inc. (the “Company”) today
filed on Form 8K with the Securities and
Exchange Commission, Affiliate Resale
Restriction Agreements for stock issued to
affiliates.
Mr. James Ketner, President/CEO/Chairman added:
“With the continued advancement of the Company’s
share price, we felt the necessity to reaffirm
management’s long term commitment and
involvement with the company to our
shareholders. There has been mention of the
possibility of a large dilutive factor involving
affiliate resale, and we believe the agreements
filed on Form 8K with the Commission will
eliminate these concerns.”
Mr. Ketner has always intended of acting as the
“Bank” as situations avail themselves regarding
financing and future acquisitions. The resale
agreement signed by Mr. Ketner explains in more
detail how he intends to use his personal stock
in the future and outlines that 7 million of his
8 millions shares will only be used for
financing or acquisitions.
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