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https://www.otcmarkets.com/stock/ANDI/news/An...e?id=62161
Andiamo Corporation (ANDI) Announces a new CEO, Mr. Rick Shykora. Additionally ANDI will be Issuing Anti-Dilutive Convertible Preferred 'C' Securities to All Common Shareholders
Press Release | 05/01/2013
Andiamo Corporation (ANDI) Announces that Mr. Dustin Secor will be stepping aside from his duties as CEO in favor of Mr. Rick Shykora. Additionally ANDI will be Issuing Anti-Dilutive Convertible Preferred 'C' Securities to All Common Shareholders with a record date of May 20, 2013.
Andiamo Corporation (OTC: ANDI) Announces that Dustin Secor is stepping aside from his duties as CEO in favor of Mr. Rick Shykora. Mr Shykora will be updating the stockholders on the changes to the Board of Directors, and the new direction of Andiamo Corporation. His first major consent action, is to announce that ALL common shareholders, as of record date May 20, 2013 , will be issued Anti-Dilutive Convertible Preferred 'C' Securities due to the price depreciation in the open market. These securities will be priced at $2.50 per share, will be anti- dilutive, convert at $ 0.00001 par value and will be dividend capable . Additionally, once the company is audited, i t's value will reflect a true market capitalization of the equity on its balance sheet , these securities will form the reconstituted Issued Capital, that will be registered by ANDI to create new freely traded securities for its shareholders. ANDI will host a conference call on Tuesday May7, 2013 at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to provide further clarification on the rights and privileges associated with these securities, and the new direction of Andiamo Corporation.
The live call will include a moderated Q&A, after the prepared remarks by one of Andiamo's professional advisors. The dial-in telephone number for the live audio is as follows:
North America: 1.605.475.6700 Access Code 728728#
Rick Shykora, CEO,of Andiamo Corporation states, "Issuing the Anti-Dilutive Convertible Preferred 'C' Securities is an important necessity in protecting the fiscal interests of our common shareholders, particularly since shareholder value has consistently been eroded in our capital market. The issuances of these securities are meant to act as 'PUTS' against reverse splits or any down side pressure from market forces. These are hybrid securities that are designed to protect investors and investments from dilution, while ensuring that the Company does not carry debt on its balance sheet. These securities that are being issued to our common shareholders will form the nucleus of a registration statement that we will be filing with the SEC. We will commence with the issuance of these securities, by having the common shareholders contact us, no later than May 20, 2013, so that our designate corporate secretary will know where to make delivery of the aforementioned securities for each of the stockholders. We will ask that our current common stockholders provide detail proof(s) of the amount of shares held on deposits and their cash value on deposits with their broker dealer, (Email response to:ANDI.Corporate.Services@gmail.com ) so that we can issue the appropriate amount of convertible preferred stock as a function of the equity invested by each stockholder."
Rick Shykora, further states, "We are extremely pleased to have the ability to protect our investors by issuing these preferred securities to them. The ability to register this stock at higher quoted prices ensures that all of our investors are protected from market forces and conditions. One preferred share will convert into 100,000 common at $2.50 per share, once the security is registered with the SEC. The security will be quoted at $2.50 per share to reflect the equity that we intend to move into the company through forward acquisitions of profitable enterprises. These opportunities will be audited to US GAAP standards and will allow us to consolidate condensed financial statements that will show the value that we are building for the stockholders. This opportunity, however,will only be available to investors who currently hold verified, recorded positions with ANDI. Additionally, we will be assisting all shareholders in converting the preferred shares to common when we do register those securities with the SEC.
About Andiamo Corporation:
ActionApp is currently expanding their popular and profitable inventory of apps in rapid fashion across Apple and Android having reached a short term goal of 500 Apps in their portfolio, with1000 Apps set for a longer term goal. ActionApp has exceeded 20 million downloads and is now using that experience to expand into other web and app-based opportunities such as Campaign Matrix.
FORWARD-LOOKING STATEMENT AND cautions that statements made in this press release constitute forward-looking statements, and not guarantees of future performance, and actual results or developments may differ materially from projections in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time the statements are made.
IR Contact:
Luwayne Santana
https://www.otcmarkets.com/stock/ANDI/news/An...e?id=62161
Andiamo Corporation (ANDI) Announces a new CEO, Mr. Rick Shykora. Additionally ANDI will be Issuing Anti-Dilutive Convertible Preferred 'C' Securities to All Common Shareholders
Press Release | 05/01/2013
Andiamo Corporation (ANDI) Announces that Mr. Dustin Secor will be stepping aside from his duties as CEO in favor of Mr. Rick Shykora. Additionally ANDI will be Issuing Anti-Dilutive Convertible Preferred 'C' Securities to All Common Shareholders with a record date of May 20, 2013.
Andiamo Corporation (OTC: ANDI) Announces that Dustin Secor is stepping aside from his duties as CEO in favor of Mr. Rick Shykora. Mr Shykora will be updating the stockholders on the changes to the Board of Directors, and the new direction of Andiamo Corporation. His first major consent action, is to announce that ALL common shareholders, as of record date May 20, 2013 , will be issued Anti-Dilutive Convertible Preferred 'C' Securities due to the price depreciation in the open market. These securities will be priced at $2.50 per share, will be anti- dilutive, convert at $ 0.00001 par value and will be dividend capable . Additionally, once the company is audited, i t's value will reflect a true market capitalization of the equity on its balance sheet , these securities will form the reconstituted Issued Capital, that will be registered by ANDI to create new freely traded securities for its shareholders. ANDI will host a conference call on Tuesday May7, 2013 at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to provide further clarification on the rights and privileges associated with these securities, and the new direction of Andiamo Corporation.
The live call will include a moderated Q&A, after the prepared remarks by one of Andiamo's professional advisors. The dial-in telephone number for the live audio is as follows:
North America: 1.605.475.6700 Access Code 728728#
Rick Shykora, CEO,of Andiamo Corporation states, "Issuing the Anti-Dilutive Convertible Preferred 'C' Securities is an important necessity in protecting the fiscal interests of our common shareholders, particularly since shareholder value has consistently been eroded in our capital market. The issuances of these securities are meant to act as 'PUTS' against reverse splits or any down side pressure from market forces. These are hybrid securities that are designed to protect investors and investments from dilution, while ensuring that the Company does not carry debt on its balance sheet. These securities that are being issued to our common shareholders will form the nucleus of a registration statement that we will be filing with the SEC. We will commence with the issuance of these securities, by having the common shareholders contact us, no later than May 20, 2013, so that our designate corporate secretary will know where to make delivery of the aforementioned securities for each of the stockholders. We will ask that our current common stockholders provide detail proof(s) of the amount of shares held on deposits and their cash value on deposits with their broker dealer, (Email response to:ANDI.Corporate.Services@gmail.com ) so that we can issue the appropriate amount of convertible preferred stock as a function of the equity invested by each stockholder."
Rick Shykora, further states, "We are extremely pleased to have the ability to protect our investors by issuing these preferred securities to them. The ability to register this stock at higher quoted prices ensures that all of our investors are protected from market forces and conditions. One preferred share will convert into 100,000 common at $2.50 per share, once the security is registered with the SEC. The security will be quoted at $2.50 per share to reflect the equity that we intend to move into the company through forward acquisitions of profitable enterprises. These opportunities will be audited to US GAAP standards and will allow us to consolidate condensed financial statements that will show the value that we are building for the stockholders. This opportunity, however,will only be available to investors who currently hold verified, recorded positions with ANDI. Additionally, we will be assisting all shareholders in converting the preferred shares to common when we do register those securities with the SEC.
About Andiamo Corporation:
ActionApp is currently expanding their popular and profitable inventory of apps in rapid fashion across Apple and Android having reached a short term goal of 500 Apps in their portfolio, with1000 Apps set for a longer term goal. ActionApp has exceeded 20 million downloads and is now using that experience to expand into other web and app-based opportunities such as Campaign Matrix.
FORWARD-LOOKING STATEMENT AND cautions that statements made in this press release constitute forward-looking statements, and not guarantees of future performance, and actual results or developments may differ materially from projections in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time the statements are made.
IR Contact:
Luwayne Santana
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