Deep Down Announces 1-For-20 Reverse Stock Split

HOUSTON, July 17, 2012 /PRNewswire/ -- Deep Down, Inc. (the "Company") (OTC QB: DPDW), announced today that it will complete a one-for-twenty reverse stock split of its authorized and outstanding common stock on July 18, 2012. Immediately before the Reverse Stock Split, Deep Down had 490,000,000 shares of common stock authorized, of which approximately 204,000,000 shares were outstanding. As a result of the Reverse Stock Split, Deep Down will have 24,500,000 authorized shares of common stock, o...continued DPDW  umbilicals petroleum subsea7

URL: http://www.investorpoint.com/news/OTCBULLB/52798060/