ORION DHC, Inc Affiliate Cancels 1 Million Common Shares
18 Settembre 2012 - 7:34PM
Marketwired
Orion Diversified Holding Co., Inc. (PINKSHEETS: OODH) announced
today it has cancelled 1 Million Common shares on behalf of the
request of an officer of the company. The transaction will reduce
the outstanding company shares by the same 1 Million shares. The
company transfer agent has been notified of the cancellation and
has requested a physical certificate.
Commenting on the cancellation, ORION DHC, Inc. Chairman &
CEO Randy Hoff stated, "This very large share cancellation today is
a way for us to express our commitment to maintaining shareholder
value. I feel that officers and affiliates investing back into the
company is always a wise move. The reduction of 1 Million shares is
a wonderful way to increase the company's per share valuation,
short-term and long-term. Although this substantially lowers the
outstanding share structure, more importantly, there were no
strings attached for our shareholders; the shares were simply taken
off the company books and cancelled. We expect to do more value
creating share buybacks and cancellations in the future as the
company deems fit."
The company made further mention the new lower outstanding
shares count will be reflected on the company website. ORION DHC,
INC corporate website (www.oriondhc.com).
About ORION DHC, Inc.
ORION DHC, Inc. is a publicly traded holding company actively
seeking attractive investments and utilizing time-tested value
investing principles to grow its corporate holdings. The
corporation targets licensable intellectual property, equity
assets, entertainment, real estate, divisions and subsidiaries in
various stages of development.
Media Inquiries or Questions? Contact INVESTOR RELATIONS:
executive@oriondhc.com
Safe Harbor This press release contains forward-looking
statements regarding the future performance of the Company within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements within this press release are subject to a variety
of risks and uncertainties that may cause actual results to differ
materially from purported expectations. Please invest wisely and
always consult your financial adviser before taking any financial
position in ORION DHC, Inc.
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