Russell Industries, Inc. (PINKSHEETS: RSLI) announces that that its Board of Directors has approved a 5 for 1 forward stock split of the Company's common shares. Each shareholder at the close of business on September 15, 2006 will receive four (4) additional shares for every outstanding share thereof. The effective date will be on or about September 19, 2006.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. From its inception until 2005 the Company engaged in locating and developing base and precious metals and waste stream reclamation. In May 2005 the Company's founders elected new management with a strong background in the securities, financial, energy and healthcare industries. New management quickly restructured the organization and guided Russell Industries through a successful 15(c)2-11 registration for Pink Sheets quotation. The new Russell Industries is a holding company for assets in the energy, mining, healthcare and financial industries.
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
President & CEO
Tel: +1 713 446 7231
Fax: +1 281 298 9055
e-mail: Email Contact