Orion Diversified Holding Co Inc. (OODH: OTC Pink Current) | ORION DHC, Inc. Announces New Corporate Entities from Four Operational Divisions /NEWSWIRE/ - ORION Diversified Holding Co., Inc. (OTC: OODH), a publicly traded holding company (the "Company" , "Parent Company"), announced it will begin the process of spinning-off four key internal divisions: 1) AuVek Mining Co., Inc. 2) Exteron Oil Co. Inc. 3) U.S. Timber Experts, Inc. and 4) Brownstone Corporation, Inc. as four separate corporate entities. As equity is issued, ORION DHC, Inc. will become a major stakeholder in each of these four new corporations, thus allowing the Parent Company to continue to guide these Company unit divisions into highly prosperous subsidiary corporations, a.k.a. "Wholly-Owned Subsidiaries."
The process is expected to begin immediately and may take upwards of 60 days to finalize all asset assignments, vehicle and equipment title transfers, capital allocation, final draft bylaws, contracting of appropriate registered agents, transfers of Real Estate Holdings and other corporate actions . Once the transition from Company divisions to corporate subsidiaries is complete, ORION DHC, Inc. will begin evaluating and configuring the appropriate stock issuance from each division (Corp) with possible equity transfers or dividends to existing OODH shareholders, if deemed suitable based upon the various assets currently held within each unit division.
Commenting on these corporate actions, Mr. Randy Hoff, Chairman & CEO of ORION DHC, Inc. stated, "Taking these four operational divisions and moving them forward into their own corporate structures will ensure the Parent Company (OODH) can appropriately allocate capital and monitor these holdings more systematically. The assignment of assets allows any one of these divisions to become a publicly traded entity on its own merit, dependent upon their continued operations, with OODH merely being a major shareholder. What we seek to accomplish by making this dramatic corporate change is to create a simplified investment platform where our investors can directly choose which division they prefer, and subsequently engage sound investment decisions based on the operations or revenues of the particular entity of their interest. We have found many investors, primarily institutional investors, want a choice when investing... and now, ORION DHC, Inc. will be offering that choice."
The Company has made further mention this corporate action will not devalue OODH shares in any manner. Conversley, increasing share values within each subsidiary will increase the value of the overall ORION DHC, Inc. corporate holdings. This action is a careful assignment of asset values to new entities and is designed for a 100% offset by equity of equal values. After all asset assignments are completed, the values of each division will be independently evaluated pursuant to their varied authorized and outstanding shares figures, as, each division will have vastly different share structures. The new issue equity holdings from each of the four entities will be the sole control instruments for the Parent Company. For additional Information please contact investor relations or visit www.oriondhc.com.
About Orion Diversified Holding, Inc.
ORION DHC, Inc. (OTC: OODH) is a publicly traded holding company actively seeking attractive investments in multiple sectors utilizing time-tested value investing principles to grow its corporate holdings. The corporation targets licensable intellectual property, equity holdings, gold & silver mining, oil & gas assets, lumber, film and real estate assets; and works to build internal divisions and explore potential acquisitions.
Safe Harbor Statement
This press release contains forward-looking statements regarding the future performance of the Company within the meaning of the Private Securities Litigation Reform Act of 1995. Statements or suggestions within this press release are subject to a variety of financial risks and uncertainties that may cause actual results to differ materially from purported expectations. All Company names listed within this press release are subject to first use of commerce protections exactly as presented herein. Please invest wisely and not more than you can afford to lose. Always consult your personal financial advisor before taking any financial position in ORION DHC, INC. or its new subsidiaries and visit the corporate website for full Company investment disclaimer www.oriondhc.com
Investor Relations Contact Information:
Hayden IR , LLC
hart@haydenir.com
917-658-7878
Copyright © 2014 Orion Diversified Holding Co., Inc. All Rights Reserved
The process is expected to begin immediately and may take upwards of 60 days to finalize all asset assignments, vehicle and equipment title transfers, capital allocation, final draft bylaws, contracting of appropriate registered agents, transfers of Real Estate Holdings and other corporate actions . Once the transition from Company divisions to corporate subsidiaries is complete, ORION DHC, Inc. will begin evaluating and configuring the appropriate stock issuance from each division (Corp) with possible equity transfers or dividends to existing OODH shareholders, if deemed suitable based upon the various assets currently held within each unit division.
Commenting on these corporate actions, Mr. Randy Hoff, Chairman & CEO of ORION DHC, Inc. stated, "Taking these four operational divisions and moving them forward into their own corporate structures will ensure the Parent Company (OODH) can appropriately allocate capital and monitor these holdings more systematically. The assignment of assets allows any one of these divisions to become a publicly traded entity on its own merit, dependent upon their continued operations, with OODH merely being a major shareholder. What we seek to accomplish by making this dramatic corporate change is to create a simplified investment platform where our investors can directly choose which division they prefer, and subsequently engage sound investment decisions based on the operations or revenues of the particular entity of their interest. We have found many investors, primarily institutional investors, want a choice when investing... and now, ORION DHC, Inc. will be offering that choice."
The Company has made further mention this corporate action will not devalue OODH shares in any manner. Conversley, increasing share values within each subsidiary will increase the value of the overall ORION DHC, Inc. corporate holdings. This action is a careful assignment of asset values to new entities and is designed for a 100% offset by equity of equal values. After all asset assignments are completed, the values of each division will be independently evaluated pursuant to their varied authorized and outstanding shares figures, as, each division will have vastly different share structures. The new issue equity holdings from each of the four entities will be the sole control instruments for the Parent Company. For additional Information please contact investor relations or visit www.oriondhc.com.
About Orion Diversified Holding, Inc.
ORION DHC, Inc. (OTC: OODH) is a publicly traded holding company actively seeking attractive investments in multiple sectors utilizing time-tested value investing principles to grow its corporate holdings. The corporation targets licensable intellectual property, equity holdings, gold & silver mining, oil & gas assets, lumber, film and real estate assets; and works to build internal divisions and explore potential acquisitions.
Safe Harbor Statement
This press release contains forward-looking statements regarding the future performance of the Company within the meaning of the Private Securities Litigation Reform Act of 1995. Statements or suggestions within this press release are subject to a variety of financial risks and uncertainties that may cause actual results to differ materially from purported expectations. All Company names listed within this press release are subject to first use of commerce protections exactly as presented herein. Please invest wisely and not more than you can afford to lose. Always consult your personal financial advisor before taking any financial position in ORION DHC, INC. or its new subsidiaries and visit the corporate website for full Company investment disclaimer www.oriondhc.com
Investor Relations Contact Information:
Hayden IR , LLC
hart@haydenir.com
917-658-7878
Copyright © 2014 Orion Diversified Holding Co., Inc. All Rights Reserved
