WGI Holdings, Inc. Reduces the Amount of Shares Issued and Outstanding by Over 88%
April 26 2013 - 10:58AM
Marketwired
WGI Holdings, Inc. (OTC Pink: WGIH) the board of directors of WGI
Holdings have significantly reduced the issued and outstanding
shares by getting the majority shareholder to donate back to
treasury 20,000,000,000 shares of stock, reducing the outstanding
share amount to 2,699,482,350, an over 88% reduction in the
outstanding share amount.
The reduction will result in an increase in the value of the
remaining shares held by our existing shareholders. On a per share
basis the potential value is the three to five cent range in
shareholder value, significantly undervaluing the Company's stock
at today's prices.
Gregory Ellis, Uranium Hunter's President, said, "We are pleased
to have negotiated the reduction in the issued and outstanding
shares of the company, given much more value to all the existing
shareholders."
About WGI Holdings
WGI Holdings's goal through its operating subsidiary MyBitCloud
is to become a leading provider of Personal & Business Cloud
services that enable users and organizations to access ALL of their
data, anytime, anywhere, and from any supported device.
MyBitCloud will enable users and organizations to have unlimited
storage capability while also providing backup, synchronization,
access and sharing capability of any file instantly and securely.
More information can be found on our website:
www.mybitcloud.com
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the Company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The Company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at: Susan Millstone MyBitCloud
Inc. Tel: 855-667-8786 FAX: 855-433-4464 Susan@MyBitCloud.com
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