Andiamo Corporation (ANDI) Announces a new CEO, Mr. Rick Shykora. Additionally ANDI will be Issuing Anti-Dilutive Convertible...
May 01 2013 - 11:53AM
OTC Markets
Andiamo Corporation (ANDI) Announces that Mr.
Dustin Secor will be stepping aside from his duties as CEO in favor
of Mr. Rick Shykora. Additionally ANDI will be Issuing
Anti-Dilutive Convertible Preferred 'C' Securities to All Common
Shareholders with a record date of May 20, 2013.
Andiamo
Corporation (OTC: ANDI) Announces that Dustin Secor is stepping
aside from his duties as CEO in favor of Mr. Rick Shykora. Mr
Shykora will be updating the stockholders on the changes to the
Board of Directors, and the new direction of Andiamo Corporation.
His first major consent action, is to announce that ALL common
shareholders, as of record date May 20, 2013 , will be
issued Anti-Dilutive Convertible Preferred 'C' Securities due to
the price depreciation in the open market. These securities will be
priced at $2.50 per share, will be anti- dilutive, convert at $
0.00001 par value and will be dividend capable. Additionally, once
the company is audited, it's value will reflect a true market
capitalization of the equity on its balance sheet, these securities
will form the reconstituted Issued Capital, that will be registered
by ANDI to create new freely traded securities for its
shareholders. ANDI will host a conference call on Tuesday
May7, 2013 at 1:30 p.m. Pacific Time / 4:30 p.m.
Eastern Time to provide further clarification on the rights
and privileges associated with these securities, and the new
direction of Andiamo Corporation.
The
live call will include a moderated Q&A, after the prepared
remarks by one of Andiamo's professional advisors. The dial-in
telephone number for the live audio is as follows:
North
America: 1.605.475.6700 Access Code 728728#
Rick
Shykora, CEO,of Andiamo Corporation states, "Issuing the
Anti-Dilutive Convertible Preferred 'C' Securities is an important
necessity in protecting the fiscal interests of our common
shareholders, particularly since shareholder value has consistently
been eroded in our capital market. The issuances of these
securities are meant to act as 'PUTS' against reverse splits or any
down side pressure from market forces. These are hybrid securities
that are designed to protect investors and investments from
dilution, while ensuring that the Company does not carry debt on
its balance sheet. These securities that are being issued to our
common shareholders will form the nucleus of a registration
statement that we will be filing with the SEC. We will commence
with the issuance of these securities, by having the common
shareholders contact us, no later than May 20, 2013, so that
our designate corporate secretary will know where to make delivery
of the aforementioned securities for each of the stockholders. We
will ask that our current common stockholders provide detail
proof(s) of the amount of shares held on deposits and their cash
value on deposits with their broker
dealer, (Email response to:ANDI.Corporate.Services@gmail.com ) so
that we can issue the appropriate amount of convertible preferred
stock as a function of the equity invested by each
stockholder."
Rick
Shykora, further states, "We are extremely pleased to have the
ability to protect our investors by issuing these preferred
securities to them. The ability to register this stock at higher
quoted prices ensures that all of our investors are protected from
market forces and conditions. One preferred share will convert into
100,000 common at $2.50 per share, once the security is registered
with the SEC. The security will be quoted at $2.50 per share to
reflect the equity that we intend to move into the company through
forward acquisitions of profitable enterprises. These opportunities
will be audited to US GAAP standards and will allow us to
consolidate condensed financial statements that will show the value
that we are building for the stockholders. This opportunity,
however,will only be available to investors who currently hold
verified, recorded positions with ANDI. Additionally, we will be
assisting all shareholders in converting the preferred shares to
common when we do register those securities with the
SEC.
About Andiamo Corporation:
ActionApp is currently expanding their popular and profitable
inventory of apps in rapid fashion across Apple and Android having
reached a short term goal of 500 Apps in their portfolio, with1000
Apps set for a longer term goal. ActionApp has exceeded 20 million
downloads and is now using that experience to expand into other web
and app-based opportunities such as Campaign Matrix.
FORWARD-LOOKING STATEMENT AND cautions
that statements made in this press release constitute
forward-looking statements, and not guarantees of future
performance, and actual results or developments may differ
materially from projections in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of
management at the time the statements are made.
IR
Contact:
Luwayne Santana
Harvardtrust@execs.com
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