Umbra reduces number of preferred B shares

Umbra Applied Technologies Group, Inc. (OTC: UATG) has reduced its outstanding preferred B shares by from 8,000,000 to approximately 740, the company said.

The largest holder of the preferred B stock owned three million shares prior to this change and has 319 shares after this change.

The company´s common stock remains unaffected.

Umbra Applied Technologies is a multi-segment technology firm with products in bio tech, aerospace and defense and national security.