Auriga trades under new stock ticker following 1-for-15 share split

By Elaine Rigoli

Tampa, Fla., July 20 - Auriga Laboratories, Inc. said the company's new trading symbol on the Over-the-Counter Bulletin Board is ARGA.

Also effective immediately, Auriga's new Cusip is 05155L 10 5.

This news follows the recent announcement of the company's corporate name change to Auriga Laboratories, Inc., a reverse split of its common stock in a ratio of 1-for-15 and the change of its corporate domicile to Delaware from Colorado.

At a special meeting of Auriga's shareholders held July 8, a majority of the company's shareholders approved, among other items, the name change, reincorporation and reverse stock split.

Prior to the reverse split, Auriga had about 532 million shares of common stock outstanding, including shares of common stock then issuable upon conversion of the Auriga's preferred stock, all of which shares automatically converted as a result of the reverse split.

After taking into account the 1-for-15 reverse split, the company said it has about 35.5 million shares of common stock outstanding.

Auriga is a specialty pharmaceutical company located in Norcross, Ga.

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