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OMID OMID Holdings Inc (PK)

0.029295
0.00 (0.00%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
OMID Holdings Inc (PK) USOTC:OMID 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% 0.029295 0.0273 0.0317 0.00 21:00:00

AV1 Group Submits 1.6 Billion Shares for Retirement

03/11/2014 2:15pm

Access Wire


As Company Tier is Restored to Current on OTCMarkets.com, Management Moves to Tighten Stock Structure

LaJolla, CA / ACCESSWIRE / November 3, 2014 / AV1 Group, Inc. (OTC Pink: AVOP), is pleased to announce that the Company has authorized the cancellation of 1,663,000,000 Billion shares from the control block of 7,859,375,858 shares of restricted stock in an effort to fortify investor confidence and strengthen shareholder value.

Additionally, the Company has initiated the process to retire a further 929,060,000 shares which would ultimately bring the total shares cancelled to 2,592,060,000 Billion.

"We believe that this decision to retire stock was of vital importance to the Company and its share valuation. Our goal is to continue the methodical development of our Company, protect the integrity of the stock structure, and build shareholder value.  We are securing the remaining 5.2 Billion shares in a trust account that will be utilized exclusively for acquisitions and ventures that will serve to further bolster our corporate development and revenue potential." stated Bryen Beglinger, Chief Executive Officer of AV1 Group, Inc.

Following the retirement of the 2,592,060,000 Billion shares noted, the 5,267,315,858‏‏ Billion remaining will be deposited into a trust fund overseen by legal counsel‏ to be used for officers and directors, acquisitions, funding as approved by the Board of Directors‏, and will continue to be restricted for a minimum of 12 months.

Mr. Beglinger concluded: "The growth potential in this industry at this stage is monumental; we intend to do everything within our control to strengthen our foundation and position the Company to be a major contender as the opportunities arise. We want to express sincere appreciation to our investors for their patience as we have encountered and overcome delays in our efforts to get all the dynamics firmly positioned for advancement."

AV1 Group is actively continuing to develop the ventures recently announced, and intends to keep shareholders fully informed as projects unfold.

About AV1 Group, Inc.: AV1 Group, Inc. is a publicly traded investment and holding company established to identify, secure, and monetize emerging growth companies in a number of sectors that include cannabis related technologies and ecommerce businesses positioned for exponential growth.

The Company seeks to discover inspired entrepreneurs with revolutionary concepts which can make a substantial footprint in markets that the Company believes to have exponential growth potential. AV1 Group, Inc.'s comprehensive business model also includes a division which delivers internally created projects that are poised for revenue generation, and a platform enabling the Company to develop embryonic stage subsidiaries under one umbrella, bringing a spectrum of backgrounds to the table, thus providing a significant resource of experience, knowledge and expertise to every venture. AV1 Group, Inc. explores every opportunity to help each sector exceed their revenue goals while building close, active working relationships; preparing each respective division to be a robust competitor in their chosen markets. For more information visit: http://www.av1group.com/

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

For Investor Relations Please Call: 844-763-5848 or email us at info@AV1Group.com


SOURCE: AV1 Group, Inc.

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