Aug 10 2010
XELR8 Holdings, Inc. (OTC Bulletin Board: XELR), dba BAZI®, announced today that the company has changed its corporate name to Bazi International, Inc. ("BAZI"). The name BAZI® has long been affiliated with the company as its principal product offering.
The name change, which was undertaken via a short form merger which occurred on July 28, 2010 between the company and a newly formed, wholly-owned Nevada subsidiary of the company, Bazi International, Inc, was effective immediately. This action follows the June completion of a $2.0 million financing begun in March 2010, which allows the company to focus on the marketing and retail distribution of BAZI®, the company's healthy, concentrated, energy shot.
The company's common stock will remain listed for quotation on the OTC Bulletin Board under the current symbol (XELR) until new a symbol is assigned by Financial Industry Regulatory Authority, Inc. (FINRA). The company will publicly announce the new trading symbol when assigned by FINRA and the effective date of the symbol change.
"We are pleased to have completed our corporate name change to Bazi International, Inc. and believe that this new name properly reflects our primary business operations and focus on BAZI® as our principal product," stated Kevin C. Sherman, President and Chief Executive Officer of Bazi. "We look forward to sharing future corporate developments with our shareholders."