NEW YORK, NY, July 23, 2013 - (eTeligis via ACCESSWIRE) - Silverton Adventures Inc. ( SVAD ) CEO Ron Miller announces that Silverton Adventures will be issuing Anti Dilutive Convertible Preferred B Stock to all confirmed stockholders in street name, to compliment the same preferred shares that it has issued to management, and shareholders of record. Silverton Adventures is also seeking to negotiate its debt issuances by issuing these equity securities as an exchange for these obligations.
Ron Miller, CEO of Silverton Adventures Inc. states, "We believe the issuance of these securities, helps our stockholders to retain the integrity of their investments, while the company seeks to mitigate its debt obligations. Our plan is to start issuing these securities to our stockholders, once we have arrived at a record date for stockholders to confirm their holdings. This is the first step of our three pronged plan to build value in Silverton. Lowering our debt obligations, protecting our stockholders from volatile market conditions, and enhancing our financial statements are necessary to restoring investor confidence. We have a long road ahead, but this a crucial first opportunity to eliminate the differences between debt holders, stockholders of record and confirmed stockholders in street name, with the issuance of this one security. We encourage all stockholders to read the last 8K, where the rights and privileges of the Convertible Preferred B Shares are spelled out."
About Silverton Adventures Inc:
Silverton Adventures, Inc. operates as a marketing, production, and distribution company providing printing and mailing services to small and large businesses in the United States. The company's print and mail services include business card, carbonless form, catalogs/booklet, flyer, poster, graphic design, automated pre-sort, brochure, copying, envelope, letterhead, postcard, presentation folder, and insert and address services. It is also involved in the acquisition, production, distribution, and sale of special interest, family oriented, inspirational, and children's DVDs and programs; and licensing media content to the television broadcast markets, as well as the educational, school, and public library markets. The company was formerly known as Mor Travel, Inc. and changed its name to Silverton Adventures, Inc. in December 2007. Silverton Adventures, Inc. was incorporated in 2006 and is headquartered in Las Vegas, Nevada.
Safe Harbor:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
CONTACT:
Mr. Ron Miller, Chief Executive Officer
Silverton Adventures Inc
6283 South Valley View Boulevard
Ste. B
Las Vegas, NV 89118
United States
Phone: 702-876-1539
Website: http://www.silvertonadventures.com/
SOURCE : Silverton Adventures Inc.
