[posting]28387004[/posting]NAchricht zwar schon 12 Tage alt, aber hochinteressant!!!
Press Release Source: MicroHoldings US, Inc.
MicroHoldings CEO Offers Update
Thursday March 8, 9:54 am ET
SAN DIEGO--(BUSINESS WIRE)--MicroHoldings US, Inc. (Pink Sheets:MHUS - News) today provided the following statement from Jeffrey Flannery, CEO of MicroHoldings:
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"MicroHoldings US is going through some significant changes which I believe will redefine its future course as a public company. One of these developments is the diversification of the Company's holdings to include a company on the cutting edge of communications.
"During this time there has been a number of inquiries to our office as to whether we will reverse the value of MHUS common shares. Let me state that at this time we have no plans for a reverse split.
"We will continue to strive to bring solid, revenue producing businesses into MHUS, create an opportunity for good financing to support the company's growth and deliver shareholder value, and to eventually, I hope, bring MHUS to the Bulletin Board or another exchange."We can accomplish all of that and we are on track to do so. But this won't happen overnight. There is still debt in the company that needs to be addressed, although we have eliminated more than half of those liabilities. We still have a burn rate of about $50,000 a month which will continue until we turn the corner on profitability, a goal I hope to accomplish within six months."
More information on the MicroHoldings, Inc. can be found at www.microholdings-us.com.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MHUS are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future MHUS actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and MHUS has no specific intention to update these statements.
Contact:
MicroHoldings US, Inc.
Jeffrey Flannery, 619-342-8096
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Source: MicroHoldings US, Inc.