International Consolidated Companies Announces 3 Billion Shares Officially Retired

Sarasota, FL / ACCESSWIRE / August 28, 2014 / International Consolidated Companies (OTC markets INCC ) / Medical Cannabis Holdings officially retired 3 billion shares today!

The Company will be sending an amendment to the Florida Secretary of State tomorrow to reduce it's authorized to 2 Billion shares.

The total issued shares are : 1,733,756,425

Free trading: 887,505,203

Restricted: 846,251,222

Antonio F. Uccello III, CEO of International Consolidated Companies, Inc., is pleased to announce the following shareholder update:

"Effective August 28, 2014, our transfer agent has successfully processed my request to retire 3 billion outstanding, restricted shares of INCC'S common stock. OTC Markets will be updated shortly."

"Additionally, I am very pleased to welcome the newest addition to our executive management team. I have appointed Arnold Joseph "Avi" Yoskowitz to be our Chief Real Estate Officer, reporting directly to me. Mr. Yoskowitz brings a wealth of education, experience, talent, drive and focus to the company. Over his long and distinguished career, Mr. Yoskowitz has excelled as a real estate developer and broker, investor, builder, mortgage underwriter, planner and sales associate. His professional work history has included senior-level positions with the Citizens’ Housing and Planning Council of New York, Phipps Houses, Frist Realty Co. of Boston, the NYC Housing Development Corporation, a partnership appointment with Garden Homes and Commercial in New Jersey; and for the last twenty years, he has served as founder and CEO of the Heritage Group of Companies of NJ and TT Heritage Companies of Sarasota/Bradenton, Florida. Mr. Yoskowitz has successfully completed numerous land acquisitions, approvals, infrastructure improvements, build-outs, condomium conversions projects, and the like. He has been involved in the acquisition of residential and commercial REO properties, and has also specialized in turnaround situations. His professional credentials include: Registered NJ Builder, American Institute of Certified Planners, Green Builder Certification (NAHB), and Florida Real Estate Sales Associate. His numerous peer awards include energy conservation building awards, "Best Historic Renovation," and "Best Commercial Renovation." He has a Bachelor’s degree in Economics and a PhD from MIT in Housing Development and Finance, and was a fellow for two years at the Harvard/MIT Joint Center for Urban Studies. He worked at Harvard Law School on national housing development alternative policies with Professor Charles Haar and at Harvard Business School with Prof. Philip David. In New York, he was an adjunct faculty member of the New School and taught Urban Land Development. He has served on the Board of Trustees for the New Jersey Builders PAC, was VP of Metropolitan Builders of NJ, and has served on the board of Community Builders and the New Jersey Builder Association (NAHB). Additionally, his civic service includes an appointment as Vice Chair of the NY and NJ Region of the Anti-Defamation League, as former Chair of the Housing and Urban Affairs committee of the New England ADL and NY ADL, and on the Board of Trustees of the Jewish Community Housing Corporation and Metrowest Federation; We are very fortunate to have acquired someone of his caliber and capabilities, and someone who shares our company strategies, long-term vision and outlook. We expect Mr. Yoskowitz to add tremendous value to our team of seasoned professionals, and look forward to his many contributions to the success of our organization. Please then join me in welcoming Mr. Yoskowitz to the INCC executive team."

About International Consolidated Companies, Inc. (OTC:INCC) [Medical Cannabis Holdings, Inc.] International Consolidated Companies, Inc. (OTC: INCC) is a publicly traded company focused on acquiring and operating businesses and technologies that will help drive efficiencies in the medical marijuana market.

Forward Looking Statements Except for historical information contained herein, this document contains forward-looking statements within the meaning of Section 21-E of the Securities Exchange Act of 1934.

These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein.

Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's annual reports on Form 10-K and its quarterly reports on Form 10-Q both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.

If you have any questions regarding information in these press releases please contact the company listed in the press release. Our complete disclaimer appears here.

Contact Information:

Davyd Field

http://www.medicalcannabisholdings.com/

info@medicalcannabisholdings.com

International Consolidated Companies, Inc. [Medical Cannabis Holdings, Inc.]

+1 (562) 505-4613

Follow This Company on Accesswire

SOURCE: International Consolidated Companies, Inc.

International Consolidat... (PK) (USOTC:INCC)
Historical Stock Chart
From Mar 2024 to Apr 2024