GRANDVILLE, Mich., May 6, 2014 /PRNewswire/ -- Alternaturals, Inc.
(OTCPink : ANAS) today announced that it has plans to begin buying
back shares in the open market in order to increase shareholder
value and position the company as either a favorable acquisition
target, or for listing on a reporting market in the future.
However, senior management vows not to reverse split the
company.
"We decided right from the start not to reverse split the
company because it would hurt the existing shareholders who
purchased equity under the previous business model," said the
company CEO, Emmanuel Gyamfi, who
went on to say, "For that reason, we have to be diligent about
using a more organic share reduction strategy, including buying
back as many shares as we can in the open market and cancelling
them completely. I was very hesitant about setting up a share
re-purchase program because it seems like every pink sheet company
with a large number of outstanding shares says the same thing, but
in our case, we actually do what we say we will, and we have the
ability to do it without raising more money, so it only makes
sense."
The company wants to make sure that the share structure is
attractive to larger firms looking for an acquisition, in the event
that becomes the best route to take. The company also wants to be
ready for listing on a fully reporting market by the end of the
year as a longer-term plan. Since the venture has only recently
been launched in the public market, that end game could go either
way, and senior management has planned for several strategies since
the beginning. The company made sure there was enough initial
investment on the table to acquire shares in the market without
having to do secondary funding, at least until the company was in a
position to turn away any types of money that would be detrimental
to the company's short and long-term value. Alternaturals has no
plans to acquire more debt or do any "shortcut financing", so share
structure was one of the first concerns when putting the original
deal together.
Company CEO, Mr. Gyamfi wants the shareholders to know that
while building the business is his top priority, he is also very
sensitive to the needs of the shareholders, and always looks for
ways to increase their value without slowing down progress. In
addition to the many business strategies being implemented, PR is
one in which a long-term plan and schedule is already in
motion.
About Alternaturals, Inc.
Alternaturals, Inc. manufactures and sells alternative healthcare
products including an all-natural sleep aids, as well as Hemp and
Cannabis related products and many natural substitutes for popular
prescription drugs. The company also plans to operate as a
distribution company to centralize the fragmented alternative
health product, and medical marijuana industries. Find out more on
twitter: @alternaturals or email: investors@alternaturals.com
DISCLAIMER
This Press Release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The Company has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect the Company's
current beliefs and are based upon information currently available
to it. Accordingly, such forward-looking statements involve known
and unknown risks, uncertainties and other factors which could
cause the Company's actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. The Company undertakes no obligation to update or
advise in the event of any change, addition or alteration to the
information catered in this Press Release including such
forward-looking statements.
SOURCE Alternaturals, Inc.