Palomar Enterprises Inc. (PLMA.OB) Updates Shareholders
On February 4, 2008 Palomar Enterprise will implement a reverse stock split of 300:1. The company is taking this step in order to provide long term appreciation for its shareholders. The recapitalization will reduce the common shares outstanding below 2 million shares, which provides a much better platform for price appreciation. Going forward the company has retained a prominent investment firm to represent its developments to the investment community. Palomar Enterprises is a Real Estate Brokerage Firm, registered with the California Department of Real Estate. The Company provides real estate services and mortgage lending services, by assisting clients with the…