Somatic Systems, Inc. Retires One Billion Shares

SOURCE:

Somatic Systems, Inc.

2008-08-25 07:30:00

NORTHAMPTON, MA–(EMWNews – August 25, 2008) – Somatic Systems, Inc. (PINKSHEETS: SMAS)

announced today that it has completed its first round of share buybacks and

retired one billion shares of its common stock. The cancellation of these

shares will become effective by the end of the day, and is expected to

increase shareholder value considerably.

Prior to retiring these shares, Somatic Systems had approximately 8 billion

shares of common stock issued and outstanding. Cancellation of these

shares brings the structure down to approximately 7 billion shares,

reducing the company’s common stock by over 12%.

The sizable elimination of shares comes less than 3 business days after

Somatic Systems announced it would begin a massive share acquisition and

cancellation program, to restructure the company’s capital and grow share

price without conducting a reverse split of the stock.

The company stated its intention to continue to acquire and retire

additional shares. “This significant cancellation of shares is just the

beginning,” stated Somatic Systems CEO Steven Aronstein. “In addition to

the strong efforts we are making to grow our market value by building our

business through expansion and aggressive promotion and strategic

contracts, we believe that removing as much as half our shares can help

grow our value exponentially. We are just getting started.”

Somatic Systems stated it will continue to announce the acquisition and

retirement of shares as they are pending or have been completed in the

coming weeks.

About Somatic Systems, Inc.

Somatic Systems is the worldwide center for Clinical Somatics™, the

groundbreaking drug-free, non-surgical approach to pain relief. This

proprietary system uses natural, non-invasive movement techniques —

conducted through one-hour hands-on sessions, therapeutic exercises

classes, and home exercises lasting as little as 5 minutes a day — to

relieve pain and limitation resulting from accident, trauma and repetitive

stress, including back pain, knee pain, joint problems, carpal tunnel

syndrome, TMJ, scoliosis, bursitis, sciatica, headaches, tendonitis and

more. Clinical Somatics™ also provides performance gains and injury

prevention for casual and professional athletes.

Somatic Systems is pursuing a 3-part growth strategy, consisting of a

nationwide rollout of pain management Somatics Clinics; increased

production and distribution of therapeutic videos, books, and other retail

self-help Somatics Products; and expanded Somatics Training Programs to

supply Clinic practitioners serving medical and orthopedic professionals

and institutional and corporate programs. The company operates a suite of

web sites offering Somatics information, products, resources, and

opportunities, at www.somatics.org.

Safe Harbor Act: This release includes forward-looking statements made

pursuant to the safe harbor provisions of the Private Securities Litigation

Reform Act of 1995 that involves risks and uncertainties including, but not

limited to, the impact of competitive products, the ability to meet

customer demand, the ability to manage growth, acquisitions of technology,

equipment, or human resources, the effect of economic business conditions,

and the ability to attract and retain skilled personnel. The Company is not

obligated to revise or update any forward-looking statements in order to

reflect events or circumstances that may arise after the date of this

release.

Contact:
For more information visit
http://www.somatics.org
or contact:
Investor Relations
1 877 586-2555

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions