Environmental Infrastructure Hldgs Extends and Renews Lock Up Agreement Representing 36 Million Shares of the Company's Commo...
September 20 2011 - 10:24AM
Marketwired
Environmental Infrastructure Holdings Corp (OTCBB: EIHC), today
announced that its Board of Directors and executive officers have
renewed and extended their original three month lock-up agreement
as of September 19th, 2011 which will effectively lock up a total
of 36 million shares of the Company's stock owned by them
collectively or 38% of the Company's 94 million total shares
outstanding until December 1, 2011 with the option to extend the
period. The Agreement provides that each Director and Officer will
not directly or indirectly trade or sell or otherwise transact
their portion of the 36 million common shares of the Company for
the stated period. The one exception being that management can sell
a limit of $1000 per day in Company shares with a target price no
less than the previous days' close up to 700,000 common stock
shares for accumulated deferred compensation.
"The purpose of the lock up agreement is to foster long term
interest in our stock among our existing and new shareholders and
investors. Management and our Board are continue to be strongly
committed to our acquisition model and long term growth," said
Michael Parrish, Company Chairman.
About Environmental Infrastructure Holdings
Corp. Environmental Infrastructure Holdings (EIHC) is the
parent company of diverse environmental manufacturing, engineering
and services companies. Currently, EIHC has one subsidiary,
Equisol, LLC, as well as investments in various joint ventures and
partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing
private environmental services company in America, Equisol, LLC, is
a unique equipment solutions provider specializing in the water and
wastewater industry. Its team of top-rated engineers specializes in
automation equipment and services across multiple industries where
water use and automation are important.
Forward-Looking Statements This press
release contains forward-looking statements, which represent the
Company's expectations or beliefs, including, but not limited to,
statements concerning plans, acquisitions, new product development,
growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may,
will, expect, anticipate, intend, could, estimate, or continue or
the negative or other variations thereof or comparable terminology.
Any statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking
statements. These statements by their nature involve substantial
risks and uncertainties, some of which are beyond the Company's
control, and actual results. Readers should carefully review the
risk factors described in other documents the Company files from
time to time with the Securities and Exchange Commission, including
the Company's Annual Report on Form 10-K for the year ended
December 31, 2010, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K.
Investor Contact: EQUISOL, LLC 866-629-7646
www.equisolgroup.com
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