Turning Pennies into dollars: (OTCBB:KBLB) Kraig Biocraft Laboratories, Inc
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Kraig Biocraft Laboratories, Inc.'s Board of Directors Will Meet to Discuss a Proposed Forward Stock Split
(OTCBB:KBLB) Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc.'s Board of Directors Will Meet to Discuss a Proposed Forward Stock Split
Tuesday February 17, 6:00 am ET
EAST LANSING, Mich., Feb. 17, 2009 - Kraig Biocraft Laboratories, Inc. announced that a meeting of its Board of Directors has been called for the purpose of discussing a proposed forward stock split of the Company's common stock. The meeting is scheduled to take place Wednesday, February 18 following the close of the markets on that day.
Kraig Biocraft Laboratories is a biotechnology company. For more information on Kraig Biocraft Laboratories, please visit the Company's web site: http://www.KraigLabs.com
The Kraig Biocraft Laboratories, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4817
Statements in this press release about the company's future and expectations other than historical facts are ``forward-looking statements.'' These statements are made on the basis of management's current views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as ``believes,'' ``plans,'' ``expects,'' ``anticipates,'' ``foresees,'' ``hopes,'' ``develops,'' ``researching,'' ``research,'' ``potential,'' ``could'' or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals should all be considered forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Management cautions that its ability to further its research, and create commercially-viable products may be affected by the competitive environment, the Company's financial condition and its ability to raise sufficient capital to meet the financial obligations of its business plan and to fund its continuing operations.
Contact:
Kraig Biocraft Laboratories, Inc. Kim K. Thompson, CEO 336-0807 info@KraigLabs.com Source: Kraig Biocraft Laboratories, Inc.
Profile for Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc. focuses on the development of protein based fiber using recombinant DNA technology for commercial applications in the textile and specialty fiber industries. Its products are used in military and police departments; industrial applications, including critical cables and abrasion/impact resistant components; and consumer applications. These fibers are also employed in safety equipment, and high strength composite materials for the aero-space industry. The company was founded in 2006 and is based in Lansing, Michigan.
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