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redwing2602 Free

04/01/13 11:45 PM

Post #3

$VRNI PR Newswire

SAN GERONIMO, Calif., April 1, 2013

SAN GERONIMO, Calif., April 1, 2013 /PRNewswire/ -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that it had completed the 2nd step in a required two-step process that will result in the cancellation of 1,000,000,000 of its currently outstanding shares. Management expressed its belief that this share cancellation will prove to be beneficial to shareholder value, in the long-term. Completion of the share cancellation process is expected to occur prior to the end of the current quarter. As previously announced management intends to cancel an additional 5,000,000,000 of the company outstanding shares and expects the 2nd step to be completed over the next 30 days.