Personnel Group of America, Inc. today announced that it has changed its corporate name to Venturi Partners, Inc., effective yesterday.
The Company also announced that its 1-for-25 reverse stock split has become effective. With the reverse split completed, the Company intends to convert all of the outstanding shares of its Series B preferred stock into common stock as contemplated in its recently completed financial restructuring. As a result of the reverse split, and following the preferred stock conversion, the Company will have approximately 6.1 million outstanding shares of common stock....
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