SANP Redomicile to the State of Florida
September 08 2015 - 9:55AM
InvestorsHub NewsWire
FT.LAUDERDALE, FL -- September 8th, 2015 --
InvestorsHub NewsWire -- Santo Mining Corporation (OTCQB:SANP),
(the "Company"), has redomiciled from the State of Nevada to the
State of Florida. This redomicile of the company from Nevada
to Florida is one of many changes to come in the reorganization of
the company and the strategy to reduce corporate expenses.
This redomiciling process will save the company 60% in corporate
State filing fees.
The Company is aggressively evaluating how to reduce corporate,
professional and administrative expenses by 60%, and at the same
time bring profitability via sales to the company.
Franjose Yglesias, CEO of SANP and Cathay Cigars of Asia commented,
“We are so strongly committed to this effort, that all corporate
directors including myself will not accrued any back salaries, and
all directors have and will sign an employment agreement that
states they will earn no more than a yearly salary of $1USD and 15%
sales commission.” Additionally, Mr. Yglesias stated, “The
years of non-revenue of SANP and empty promises of pay dirt stop
here, our goal is to reduce cost by 60% to 70% and post revenues
for the first time in the history of the company. "
About Cathay Cigars of Asia
Cathay Cigars of Asia (http://www.cathaycigars.com/), is
the first and only one-stop online cigar distributor in Asia, we
offer all major cigar brands such as Arturo Fuente, Macanudo, Romeo
y Julieta, Rocky Patel, Oliva, CAO, Graycliff, Drew Estate, Diesel,
Alec Bradley, Cohiba, Gurkha and much much more. The company
has developed a Chinese social media brand awareness marketing
program for cigar manufactures with access to over 5 million cigar
aficionados in China. We also own and operate (http://www.cigars.cn.com/) which will be a Chinese
cigar education, marketing and virtual cigar humidor for cigar
lovers alike. Sales are generated via social media and cigar events
promoting sales on our online multi-lingual/multi-currency
ecommerce platform (http://www.mrcigar.asia/).
FORWARD LOOKING STATEMENT This press release contains certain
"forward-looking" statements, as defined in the United States
Private Securities Litigation Reform Act of 1995 that involve a
number of risks and uncertainties. Statements, which are not
historical facts, are forward-looking statements. The Company,
through its management, makes forward-looking public statements
concerning its expected future operations, performance and other
developments. Such forward-looking statements are necessarily
estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and
there can be no factors that could cause actual results to differ
materially from those estimated by the Company. They include, but
are not limited to, the Company's ability to develop operations,
the Company's ability to consummate and complete the acquisition,
the Company's access to future capital, the successful integration
of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from
time to time in the Company's public announcements.
Santo Mining (CE) (USOTC:SANP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Santo Mining (CE) (USOTC:SANP)
Historical Stock Chart
From Apr 2023 to Apr 2024