Joey New York, Inc. announced a 1-for-200 reverse split of its issued and outstanding shares of common stock.

Trading began on a post-split basis at the open on August 1, 2016 of the OTC marketplace under the symbol "JOEYD." After 20 trading days, the symbol will revert back to "JOEY." All fractional shares shall be rounded up.

Joey Chancis, CEO of Joey New York, stated, "By completing this reverse stock split, we expect to gain broader access to the institutional investment community and to take one of the necessary steps toward listing on a major exchange. This strengthened position will provide the availability of common stock necessary to fund future growth, expansion and transactions which could enable us to become a more diversified company."