March 15, 2010 (FinancialWire) — Otix Global, Inc.’s (NASDAQ: OTIX) board of directors has authorized a reverse stock split at a one-for-five ratio of the company’s outstanding common stock. The reverse stock split was approved by stockholders at the company’s annual meeting on May 7, 2009, and is scheduled to be effective on or about March 29, 2010.

As a result of the reverse stock split, every five shares of Otix Global’s common stock that are issued will be automatically combined into one issued and outstanding share.

Otix Global’s common stock, which is scheduled to begin trading on a split-adjusted basis when markets open on March 29, will continue to be traded on the NASDAQ Global Market under the symbol “Otix” on a post-split basis.

As of the effective date, the number of shares of Otix common stock outstanding will be around 5,571,761.

Utah-based Otix Global designs, develops, manufactures and markets digital hearing aids.

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