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DLAD DealerAdvance Inc New (CE)

0.000001
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
DealerAdvance Inc New (CE) USOTC:DLAD OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Cabal Communications Corporation Announces Corporate Restructure

30/04/2010 5:50pm

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Cabal Communications Corporation (formerly DealerAdvance, Inc.) (PINKSHEETS: DLAD) today announced that the company has begun a corporate restructure and has retained Securities Attorney Noel Guardia.

Cabal Communications CEO Steven Humphries, in making the announcement, said, "Due to various issues facing the company (including the pending name change with FINRA), we wanted to be sure that we properly represented and are poised properly for future growth. Mr. Guardia was our SEC counsel when we were a fully reporting bulletin board company and did an excellent job as he has over 30 years experience in securities law. Connie Catinchi remains our General Counsel and will be working with Noel as we begin and complete our planned restructure process."

The Company also announced today that as a part of the restruture under Mr. Guardia, the Company has moved its domicile to Colorado from Nevada. Humphries said, "Colorado is more friendly towards corporate actions, and Mr. Guardia is also located in Colorado."

Humphries further commented, "Our next step is to restructure our Convertible Debt, which has been a great area of concern since I took over the company nearly five years ago. Our initial conversation with our debt holders has been positive, and we feel that we will be able to work out a restructure that will have a very positive impact on the Company."

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Investor Relations 972.248.2244 Ext. 108

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