PHILADELPHIA, PA — Tatyana Designs, Inc. (OTC Pink:ASCOD) has formally completed its name change along with a 1 for 15 reverse stock split and related transactions resulting in 11,935,000 shares of common stock issued and outstanding with 25,000,000 shares, par value $0.001, authorized. The company also has 5,000,000 shares of preferred stock authorized, par value $0.001, with no preferred shares outstanding.
Acceptance by FINRA of the name change and reverse split reflect the final step connected with the August 7, 2010 reverse merger and recapitalization among AirScooter Corporation (renamed Tatyana Designs, Inc.) and Design Technology Holding, LLC ("DTH"), a privately held limited liability company with wholly-owned subsidiaries doing business as Bettie Page ("BPC") Clothing. As a result of the merger, the business of DTH, has merged and is now owned by the Company. The Company also completed a $200,000 capital raise in connection with the transaction.
"With the previously announced name change and reverse stock split now officially complete, we are now in a position to clearly communicate our business and financial information," said Jan Glaser Co-Chief Executive Officer and Treasurer. "We currently own and operate profitably eight boutiques in four states along with an active e-commerce business and a wholesale division selling to independent boutiques in the United States and 27 other countries. We look forward to communicating future business developments and financial progress to our stockholders and the investment community under the Tatyana Designs, Inc. name. We expect the temporary stock symbol of ASCOD to change to TATD in 20-30 days to better identify our symbol and company."
For details about the merger, the new business, new management and ownership see the company's online filings.
