NEWLAND
Approved 1-for-12 reverse stock split
effective on August 3

JUL, 28.2010

NewLead Holdings Ltd., a Bermuda-registered company that owns a fleet of dry bulk carriers and double-hull product tankers and trades on the Nasdaq capital markets (Nicholas Fistes, chairman), announced that a 1-for-12 reverse stock split of its common shares par value of USD 0.01 per share has been approved by the company's board of directors and by written consent of a majority of shareholders, effective upon the opening of the markets on August 3, 2010.

    
   

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