Wednesday, September 20 2006 7:04 PM, EST
--------------------------------------------------------------------------------
CSHD Non-Objecting Beneficial Owner (NOBO) List Identifies 75,487,085 in Market Shorts
PR Newswire "US Press Releases "
KENNESAW, Ga., Sept. 20 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces the following current events have taken place.
The corporation has received the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717.
"The NOBO list has disclosed 75,487,085 (Seventy Five Million Four Hundred Eighty Seven Thousand and Eighty Five) shares above the total free trading shares of 30,918,339 of CSHD. The shares are held by 15,184 (Fifteen Thousand One Hundred and Eighty Four) shareholders to include institutions. For anyone carrying shorts and those CVSU shareholders with questions please contact Ben Stanley at our corporate office number, 770-420-8270," stated CEO Rufus Paul Harris.
Ben Stanley, COO, stated, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
Sabra Dabbs, EVP of Global Operations, states, "Now all of our attention can be focused on our Humanitarian and Global Business Development efforts."
About Conversion Solutions Holdings Corp
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at
www.cvsu.us.
SOURCE Conversion Solutions Holdings Corp