ColorMax Approves 2-for-1 Stock Split

ColorMax Technologies Inc. said Monday its board and shareholders have approved a 2-for-1 stock split, effective Jan. 7.

The Tustin company recently received regulatory approval to market lenses to treat color blindness, and it also is seeking listing on the Nasdaq market early in 2000. The stock, which currently trades over the counter, closed Monday at $14, up 63 cents a share. The shares have nearly tripled in value so far this year.

The split will increase the number of shares outstanding to 22.7 million.