YARDLEY, Pa., March 24, 2014 /PRNewswire/ -- OSL Holdings
Inc. (OTCQB: OSLH) ("OSL" or "the Company"), a socially conscious
business model dedicated to consumer advocacy, social activism and
the advancement of civil liberties through the power of commerce,
announced today that OSL's Board of Directors and Executive
Management Team have decided not to exercise its authority to
execute a reverse stock split. Bob
Rothenberg, OSL's CEO said: "Due to market conditions and
the need to focus on the continued growth of Go Green Hydroponics,
our most recent acquisition, the Board and Executive Management
Team have decided not to move forward with a reverse stock split.
We continue to focus on the growth of our revenues and the
execution of our accretive acquisition strategy." Steve Gormley, OSL's Chief Business Development
Officer said, "We remain committed to growing our business and
shareholder value through increasing revenues, strategic
partnership and acquisition."
About OSL
OSL Holdings Inc. (OTC: OSLH) is a development and technology
company, specializing in affluent, liberal and libertarian markets
with high disposal income, with a mission to advance civil
liberties through the power of commerce. OSL Holdings' target
consumers are highly educated, respond to cause marketing
initiatives and socially conscious business models, and are
technologically savvy. The Company announced its intent to enter
the legal marijuana market when federal law permits, providing
foundational work for branding, marketing, technology, and
logistics to existing or emerging legal marijuana licensees.
The Company currently operates Go Green Hydroponics, a
hydroponics and indoor gardening and cultivation retail enterprise,
specializing in the sale of over 1,000 products including
hydroponic cultivation equipment, mineral nutrient solutions and
gardening resources and equipment.
The Company has developed and intends to expand Equality
Rewards, a real-time loyalty rewards platform designed to advance
civil liberties through the power of commerce. Equality
Rewards can facilitate the earning and redemption of rewards
currency at the point of the transaction (online, mobile, at
retail) as well as on future transactions. Equality Rewards is
presently focused on bringing minority and minority allied
consumers together with businesses that support minority consumers
and causes or are minority owned and operated. The Company's
filings with the SEC are available at
http://www.sec.gov/cgi-bin/browse-edgar?company=osl+holdings&owner=exclude&action=getcompany.
For more information, please visit the Company's website at
http://www.oslholdings.com.
Forward-Looking Statements -- Safe Harbor
This press release contains forward-looking statements as
defined in the United States
Private Securities Litigation Reform Act of 1995. In some
cases you can identify those so-called "forward-looking statements"
by words such as "may," "will," "should," "expects," "plans,"
"targets," "believes," "anticipates," "estimates," "predicts,"
"potential," or "continue" or the negative of those words and other
comparable words. These statements include, but are not
limited to, our expectations concerning Go
Green's revenue growth, growth rates for
hydroponically-produced food, the market for medical marijuana
cultivators, and our ability to provide support services to
marijuana growers.
By their nature, forward-looking statements and forecasts
involve risks and uncertainties because they relate to events and
depend on circumstances that will occur in the future. There are a
number of factors, risks and uncertainties that could cause actual
results and developments to differ materially from forecasted
results. For a discussion of these factors, risks and
uncertainties please see our filings with the Securities and
Exchange Commission. Our public filings with the Commission
are available from commercial document retrieval services and at
the website maintained by the Securities and Exchange Commission at
http://www.sec.gov. We assume no obligation to update or alter
our forward-looking statements made in this release or in any
periodic report filed by us under the Securities Exchange Act of
1934 or any other document, whether as a result of new information,
future events or otherwise, except as otherwise required by
applicable federal securities laws.
Company Contact:
OSL Holdings Inc.
IR/Media Contact:
Steve Gormley
steve@oslholdings.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/osl-holdings-decides-against-a-reverse-stock-split-300054996.html
SOURCE OSL Holdings Inc.