SW Innovative Holdings,
Inc. - Shareholder Update Capital Structure
HOUSTON, TX -- September 8, 2015 -- InvestorsHub
NewsWire -- SW Innovative Holding, Inc., (SWHI.PK)
the company would like to discuss plans to rapidly grow
revenues.
The company reviewed its options to raise capital needed to
implement its announced business plan. The company determined that
filing a valid registration statement to sell registered shares to
qualified investors is the best approach to legally raise
equity.
The company determined that filing a Form 1-A (Reg-A) statement
would benefit the company by setting a defined price to sell shares
to qualified investors. Selling registered shares allows the
company to avoid raising equity from the sale of aged debt or
entering into toxic funding transactions.
The company would like to address investor concern of why the
company set the price per share in the registration statement at
$.0001 share price and to register 10 Billion shares of common
stock to raise $1,000,000 in fresh equity to implement our
announced business plan. The registration statement was filed with
the SEC on or about October 2014. The company did not anticipate
the price per share declining while the SEC reviewed the
registration statement. On or about March 27, 2015 the SEC declared
the registration statement qualified pursuant to Regulation A under
section 3(b) of the securities act of 1933, as amended.
The company is confident that we can meet our business expansion
plans with a more innovative approach to raising fresh equity. The
company will issue news on a regular occurrence.
Required Funds:
The following table provides our funding requirement that would
only sell a combination of 30% of the authorized common shares:
Proposed Sell of shares both free trading and
restricted
|
Funding
|
- Plan to sell 2 Billion registered shares at .0001 by the end of
4th quarter 2015
|
$200,000
|
- Plan to sell 2.5 Billion shares of 144 stock by the end of the
2nd Quarter 2016
|
$500,000
|
We know from beta-test marketing that our breakeven and our
projected reinvestment points are based on the number of
subscribers. By the end of 2016, the company anticipates we will be
self-sustaining, with positive cash flow based on raising $700
thousand.
Mr. Norman George the President of the company said, The Company
doesnt anticipate entering into any new debentures or convertible
notes; the company at this time has no plans to reverse split the
common stock; the board at a future date may determine it is in the
best interests of its shareholders to reduce the number of shares
authorized.
About SW Innovative Holdings, Inc., Inc.
SW Innovative Holdings, Inc., Inc., sells prepaid, unlimited
local (dial tone) telephone service to the residential market,
primarily in greater Houston, Texas. The Company is fully licensed
by the Texas Public Utility Commission to resell telephone services
throughout the State [Service Provider Certificate of Operating
Authority (SPCOA) No. 60785]. Upon achieving critical mass in
Texas, the Company plans to expand its prepaid telecommunications
product offerings nationwide. For more information, visit www.everybodysphonecompany.com.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact:
SW Innovative Holdings, Inc.
Tel: (713) 268-1610
www.everybodysphonecompany.com