ROCKVILLE, MD--(Marketwired - Apr 11, 2013) - SW China (
The final terms of the acquisition will be negotiated and will involve issuance of preferred shares to APS in exchange for the equity stake. Seon Won, the President of SWCI stated that "In keeping with SWCI's pledge of non-dilution and no convertible share issuances, the preferred shares shall NOT be convertible into common shares of SWCI and will in no way affect the current authorized or outstanding common share structure." Seon Won added that "APS has been awarded a 3-year government contract which brings a steady stream of revenue guaranteed by the government." Seon Won further stated, "We are extremely excited to add APS to add value to SWCI while I continue to press forward building the beauty supply and custom, high-end hairpiece business of SWCI, while also seeking other acquisition candidates to bring under the SWCI family."
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the beauty supply and/or hairpiece industry, plans for future expansion or acquisition, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of SW China.
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