Global Holdings, Inc. (Gbhd) Retires 101,050,000 Shares of Its Common Stock To Corporate Treasury

VIRGINIA BEACH, VA / ACCESSWIRE / November 6, 2014 / Global Holdings, Inc. (PINKSHEETS: GBHD) announces that 101,050,000 shares of its common stock had been retired to the Company's stock treasury account.

These 101,050,000 shares in total aggregate, based on terms within acquisition agreements, have been returned due to the higher values in the Company's stock price. These terms stipulated that if GBHD's stock price and subsequent market capitalizations hit predetermined pricing thresholds within a given time period, percentages of stock would be returned to the issuer, GBHD.

Currently, the Company after this retirement of shares has 156,800,748 (approx.) issued and outstanding as of this date, November 6, 2014.

The Company, so far in 2014, has retired approximate 252,000,000 (252M) shares back to its corporate treasury.

For further information about this release, contact Rich Kaiser, Investor Relations, Global Holdings, Inc., #757-306-6091, [e-mail], www.gbhd.net.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competitions.

CONTACT: 

Global Holdings, Inc.
Rich Kaiser, 757-306-6091

 

SOURCE: Global Holdings, Inc.