Merger, Reverse Split Means New Name for InnerSpace

Through a merger and reverse stock split, InnerSpace acquired SurfNet Media Group and changed the name of the company to SurfNet Media Group.

InnerSpace, which traded over the counter as ISPA, now has the symbol SFNM. The changes were effective on June 6.

The reverse stock split, 1-for-10 shares, resulted in former shareholders receiving one share in the new company for each 2.46 of old shares.

Sundance Capital Fund I, LP also invested $1 million in the new company as part of the merger.

SurfNet is a digital broadcasting company offering music and original content through web sites. It has developed patent-pending streaming technology.