petroly
عضو نشط
- التسجيل
- 7 أغسطس 2004
- المشاركات
- 78
انا ويا ويهي وين والامريكي وين
شريت سهم بيني ستوك
ووصل صفر
ادوره ما لقيته غيروا اسمه لسهم ثاني
انا بحط الشرح ماله واللي يفهم شي يقوللي
واعتقد ان ادمجوا سهمين مع بعض
وكل اميه سهم يساوي سهم واحد
ومطلوب اني اروح امريكا استلم شهاده اسهم صح ولا لا
تكفون ساعدوني شسوي ..شاري كميه كبيره
Press Release Source: TS&B Holdings Inc.
TS&B Holdings Inc. Announces Reverse, Name Change and Sale of Business Unit
Thursday April 7, 12:26 pm ET
ORLANDO, Fla.--(BUSINESS WIRE)--April 7, 2005--TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBI - News), announced that its Board of Directors approved a 100-to-1 reverse stock split of the Company's common stock.
The reverse split will be effective on Friday, April 8, 2005 at the market open to the holders of record of TS&B Holdings, Inc common stock as of the close of business on March 31, 2005. The new share certificates, evidencing the reverse stock split, will be issued by the Company's transfer agent when certificates are physically surrendered, by issuing one new share for every one hundred shares surrendered; or if part of the DTC System, shares will be automatically adjusted on the same basis. Fractional shares will not be issued in connection with the reverse split.
The Board has also approved a name change for the Company. The new name will be CALI Holdings, Inc., the new ticker symbol will be (OTCBB:CALI - News). The name change and the reverse split will be completed simultaneously. The management and board believe the reverse and name change are an integral part of the restructuring of TS&B Holdings which has long been known as a odor eliminator company, The Company has been out of that business for several years and was transformed into Business Development Company under the Investment Act of 1940 over 14 months ago and to date has developed its portfolio in construction, financial services and entertainment.
President and CEO James Jenkins, stated, "As we move forward to execute the direction we disclosed in previous press releases it is apparent to management and the Board that this re-structuring is required to attract new retail and institutional investors to raise the necessary capital to fulfill the Company's acquisition strategy."
The Company also signed a sale agreement with Carl Buehler of Buehler Earth and Waterworks (BEW), a portfolio company of TS&B to sell the Company's interest to Mr. Buehler. Recently, BEW completed a sale with the twenty five percent (25%) shareholder of Advanced Pool, (a subsidiary of BEW), to sell BEW's interest to the shareholder. The sale of Advanced Pool was completed on March 28th and the proceeds were paid to TS&B Holdings to pay down a portion of the BEW debt.
SAFE HARBOR
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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مشكورين
شريت سهم بيني ستوك
ووصل صفر
ادوره ما لقيته غيروا اسمه لسهم ثاني
انا بحط الشرح ماله واللي يفهم شي يقوللي
واعتقد ان ادمجوا سهمين مع بعض
وكل اميه سهم يساوي سهم واحد
ومطلوب اني اروح امريكا استلم شهاده اسهم صح ولا لا
تكفون ساعدوني شسوي ..شاري كميه كبيره
Press Release Source: TS&B Holdings Inc.
TS&B Holdings Inc. Announces Reverse, Name Change and Sale of Business Unit
Thursday April 7, 12:26 pm ET
ORLANDO, Fla.--(BUSINESS WIRE)--April 7, 2005--TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBI - News), announced that its Board of Directors approved a 100-to-1 reverse stock split of the Company's common stock.
The reverse split will be effective on Friday, April 8, 2005 at the market open to the holders of record of TS&B Holdings, Inc common stock as of the close of business on March 31, 2005. The new share certificates, evidencing the reverse stock split, will be issued by the Company's transfer agent when certificates are physically surrendered, by issuing one new share for every one hundred shares surrendered; or if part of the DTC System, shares will be automatically adjusted on the same basis. Fractional shares will not be issued in connection with the reverse split.
The Board has also approved a name change for the Company. The new name will be CALI Holdings, Inc., the new ticker symbol will be (OTCBB:CALI - News). The name change and the reverse split will be completed simultaneously. The management and board believe the reverse and name change are an integral part of the restructuring of TS&B Holdings which has long been known as a odor eliminator company, The Company has been out of that business for several years and was transformed into Business Development Company under the Investment Act of 1940 over 14 months ago and to date has developed its portfolio in construction, financial services and entertainment.
President and CEO James Jenkins, stated, "As we move forward to execute the direction we disclosed in previous press releases it is apparent to management and the Board that this re-structuring is required to attract new retail and institutional investors to raise the necessary capital to fulfill the Company's acquisition strategy."
The Company also signed a sale agreement with Carl Buehler of Buehler Earth and Waterworks (BEW), a portfolio company of TS&B to sell the Company's interest to Mr. Buehler. Recently, BEW completed a sale with the twenty five percent (25%) shareholder of Advanced Pool, (a subsidiary of BEW), to sell BEW's interest to the shareholder. The sale of Advanced Pool was completed on March 28th and the proceeds were paid to TS&B Holdings to pay down a portion of the BEW debt.
SAFE HARBOR
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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مشكورين