DHS Holding, Co. Secures Financing
NASHVILLE, TN--(Marketwire - Apr 20, 2012) - DHS Holding, Co. (PINKSHEETS: DHSM ) CEO Michael Rohling announced today that, as of April 18, 2012, DHS Holding, Co. has secured financing from Clipper Explorations, Ltd.
In the first round of financing, Clipper Explorations has agreed to lend to DHS Holding, Co. $250,000.00 for the purpose of securing the 40-acre parcel of land now known as Cenote Falls.
Emil Arguellas, attorney for DHS Holding, Co. in Belize, has been instructed by Charlie Barrett, President of DHS Holding, Co., to make the first payment in the amount of $150,000.00 USD in accordance with the terms and conditions set forth in the purchase agreement.
Mr. Rohling stated, "We are pleased to be working with Clipper Explorations for the purpose of securing financing for our Cenote Falls Hotel, Casino & Shopping Center." He went on to say, "We view Clipper Explorations, Ltd. as a long-term ally as Cenote Falls continues with its development."
As the border region in Belize is redeveloped, Cenote Falls will be in line as the first stop coming over the newly built bridge from Mexico into Belize.
President Charlie Barrett stated, "It is our belief that, since we are the first Casino, Hotel & Shopping Center that you come to, we feel that the Cenote Falls complex will be a primary destination of travelers coming from Mexico."
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to increase revenue and profits in the current economic climate; the effect of changing economic conditions; inability to manage growth; and changes in government regulations, controls and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should," or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.