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Petrex announces change in name, reverse stock split

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Petrex Corp. announced Wednesday that it has changed its name to Force 10 Trading Inc.

Force 10 was acquired by Petrex in November 2001. Along with the name change, the stock has started trading under the symbol FTTI.

Petrex also completed a 20-for-one reverse stock split, according to a release.

The first trading office of Force 10 opened in 2001 in Draper, with several traders using a direct link to all major stock exchanges.

With the name change and reverse stock split complete, Force 10 management is focusing on trying to raise about $2.5 million to fuel growth.