DHS Holding, Co. Retires 50 Million Shares
NASHVILLE, TN--(Marketwire - Apr 13, 2012) - DHS Holding Co. (PINKSHEETS: DHSM ) CEO Michael Rohling announced today that 50 million shares of common stock in DHS Holding, Co. have been retired.
Mr. Rohling stated, "This was a strategic plan implemented through our president, Charlie Barrett, to bring DHS Holding, Co. more in line in the financial arena."
He went on to say, "This move was unprecedented in the world of small-cap stocks, thereby solidifying DHS Holding's commitment to its shareholders." In most cases, small-cap companies are more known to do a reverse split rather than retire shares, resulting in a major loss in equity to their shareholders.
President Charlie Barrett stated, "Mr. Rohling and I have been working diligently on ways to present a more realistic market value to our shareholders and the financial community."
In addition, Mr. Rohling stated, "I want to make it very clear to our shareholders and the investment community. This is not a reverse split. These shares are being voluntarily retired in an effort to increase shareholders' equity and present a more positive picture of DHS Holding, Co."
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.