Team Nations Holdings Corp begin Reorganization and issues Shareholder Update.
October 25 2013 - 7:39AM
Access Wire
Team Nations Holdings Corp
begins Reorganization and issues shareholder update.
Houston, Texas (Accesswire) October 24, 2013 - Team
Nations Holding Corp, (a Nevada Corporation) (OTCBB: TEMN), today
announced that it has begun the reorganization process for the
corporation which will include the appointment of new directors
within the next 30 days.
The process started with the update to current share structure
on OTC markets and the company has hired a new attorney to assist
in bringing itself current in its corporate filings in the State of
Nevada. The company is also in process of retaining a
securities attorney to address the DTCC chill placed on the
company’s common shares that occurred with past management and to
bring it’s SEC filings current.
The company has begun the process of updating its financial
statements with the intent of becoming a fully reporting company
again in the future. The financial updates will show no debt
on the books of TEMN.
The Company is currently in negotiations with a privately held
Texas based liquor company for the purpose of completing a share
exchange between the company and TEMN. Once consummated, the
Company will begin operating in Texas as an importer and
distributor of distilled alcoholic beverages.
Additionally, there is no plan for a reverse split as the issued
and outstanding shares only represent about half of the authorized
shares of the company.
The Company will not respond to emails or phone calls with
regard to this update or other information in order to comply with
SEC Rules but will make readily available information pertaining to
it’s progress. CEO Alonzo Pierce commented, "I am truly grateful
for the opportunities that have presented themselves within
TEMN. I feel that the new structure of the company is very
solid and will serve as an excellent platform for the proposed
acquisition which will allow us to be a viable spirits company
and provide increased shareholder value."
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of Team
Nations Holdings Corporation, Inc.’s future operational or
financial performance, and are subject to risks and uncertainties.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Due to the risks and uncertainties, actual events may
differ materially from current expectations. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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