Wham Inc. 2015 Course of Action

PARK RIDGE, NJ / ACCESSWIRE / January 2, 2015 / Wham Inc. - Good Morning shareholders. The purpose of today's press release is to help bring clarity to the objectives of our S-1 filing. Woodman Holdings is a diversified holdings company with a strategic plan to launch each one of its divisions as a public traded company. The initial structure of our first IPO is to register the 100 Million Shares of Wham Inc, (ticker symbol WFMC) with the SEC. Currently, the majority of these shares are owned in stock certificate form, which will become free trading after the companies IPO.

The first division of Wham Inc. that will become a public traded company through its first offering will be the Mobile Encryption Technology Division. This division, not Wham Inc., will be receiving a new ticker symbol and will be given a new share structure from out of the Woodman Holdings treasury. This new security will trade under the Wham Inc. (WFMC) umbrella. This division will begin the marketing and roll out its new mobile encryption product application for the consumer market by the 1st or 2nd quarter of 2015. "Wham Inc. will become a billion dollar company and our shareholders will be rewarded for holding our stock," said Israel Vasquez Chairman/CEO. The company is projecting by 2016 that it will begin paying quarterly dividends to Wham Inc. (WFMC) shareholders from the new mobile encryption division. The percentage of dividends to be paid, will be based on how many shares each shareholder owns of WFMC stock.

Regarding the IPO lock-up period: This period is applied to companies after they go public, which only applies to majority shareholders and company officers. The purpose of an IPO lock-up period is to prevent the market from being over flooded with a large number of shares, which would depress the stock price. Majority shareholders and company officers can have a strong impact on a company's stock price after it goes public because of they percentage of shares they own. The lock-up period is primarily done in order for a companies stock price to stabilize after it goes public.

Wham Inc. would like to thank all shareholders for their great patience and support of the company throughout the development, roll out and launch of its brand and platform. We will continue to keep the investment community informed about company announcements through its corporate website (whamcorp.us), social media networks and accesswire press releases. Follow us on Accesswire, Twitter, Facebook and Google+.

About Us:

Woodman Holdings Asset Management Inc (WHAM Inc) is a diversified holdings company established for the purpose of investing in or acquiring businesses and distressed asset classes. We operate in four business areas: Investments, Proprietary Trading, Fine Art and Technology.

www.whamcorp.us

Forward-Looking Statement

This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Contacts:

Wham Inc, Investors Relations Department contact us via email at: investorrelations@whamcorp.us or for all general inquiries contact us via email at: info@whamcorp.us.

SOURCE: Wham, Inc.

Syntrol (CE) (USOTC:SNLP)
Historical Stock Chart
From May 2024 to Jun 2024