BEDFORD, Texas, July 29, 2014 /PRNewswire/ -- The management
of Galenfeha would like to take this opportunity to announce that
our common stock (GLFH), scheduled to begin trading today
(July 28), is experiencing a
temporary delay.
Due to overwhelming demand for our stock opening, and new
regulations just recently put into effect, management has made the
difficult decision to regroup and postpone the initial trading of
our common stock in order to avoid any situation where extreme
volatility could have the potential to harm new and existing
shareholders.
It is the management's job to ensure that the unanticipated
hurdles we were faced with today are resolved in order to protect
the integrity of Galenfeha's equity market. Our immediate and
long-term goals for the future have not changed; our first priority
is the success of the company and the protection of our
investors.
Management expects these unforeseen issues to be settled in the
immediate future. We appreciate your patience and continued
interest in our company and will keep the public apprised of our
progress and our updated schedule to begin trading.
Galenfeha, Inc. is an engineering services and product
development/manufacturing company serving the oil, gas, and energy
industries. Led by President/CEO James
Ketner, the company is continually researching and
developing new products to aid energy producers in reducing costs,
increasing efficiency, and reducing global pollution.
For more information on Galenfeha's products and services,
please visit www.galenfeha.com.
Contact:
LaNell Armour
Secretary/Treasurer/Director
Galenfeha, Inc.
larmour@galenfeha.com
773-879-6384
www.galenfeha.com
Forward-Looking Statements: Except for historical information
contained in this release, the matters discussed are
forward-looking statements that involve risks and uncertainties.
When used in this release, words such as "anticipate," "believes,"
"estimate," "expect," "should," "intend," "projects," "objective,"
and "appears," and similar expressions, as they relate to the
Company or its management, identify forward-looking statements.
Such forward-looking statements are based on the beliefs of the
Company's management, as well as assumptions made by and
information currently available to the Company's management. Among
the factors that could cause actual results to differ materially
are the following: the effect of business and economic conditions;
the impact of competitive products and pricing; capacity and supply
constraints or difficulties; product development,
commercialization, or technological difficulties; the regulatory
and trade environment; the impact of reimbursement rates and
coverage; and the risk factors reported from time to time in the
Company's SEC reports. The Company undertakes no obligation to
revise any forward-looking statements as a result of future events
or developments.
SOURCE Galenfeha, Inc.