Verde Media Group Inc. (formerly Hidalgo Mining International Inc.) Announces Material Corporate Actions to Increase Public T...
April 07 2010 - 8:15AM
Business Wire
Verde Media Group Inc. (OTCPK: HMIT), announced today that the
company has taken the following actions to increase public
transparency and shareholder value. The company has applied to the
Pink OTC Markets Issuer Services and is submitting the necessary
information pursuant to Pink OTC Markets Guidelines for Providing
Adequate Current Information. This action will remove the Stop Pink
Sheets No Information designation. Furthermore, the company has
taken action by submitting the application required by FINRA for
the name and symbol change to reflect the new company name of Verde
Media Group Inc.
William Veve, President of Verde Media Group Inc. stated, "It is
important for our shareholders and the Company that we become fully
transparent and maintain Current Information status as we move
forward. As soon as we receive notification from Pink OTC Markets
and FINRA all pertinent information will be publicly released and
updated.”
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
The results described herein cannot be guaranteed. This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Statements in this news release other than statements of historical
fact are "forward-looking statements" that are based on current
expectations and assumptions. These expectations and assumptions
are subject to risks and uncertainty, which could affect the
Company's future. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by the statements, including, but
not limited to, the following: the ability of the Company to
provide for its obligations, to provide working capital needs from
operating revenues, to obtain additional financing needed for any
future acquisitions, to meet competitive challenges and
technological changes, and other risks. The Company undertakes no
duty to update any forward-looking statement(s) and/or to confirm
the statement(s) to actual results or changes in the Company's
expectations.