The 20 Million share cancellation today is a direct expression of company management's unwavering commitment to strengthening shareholder value.
PRLog - Jul. 8, 2014 - LAS VEGAS -- Orion Diversified Holding Co., Inc. (OTC: OODH) (the "Company") announced today that Twenty-Million Common shares OODH have been retired and cancelled pursuant to a request made by an officer of the Company. This shares cancellation transaction has effectively reduced the outstanding Company shares by the same 20 Million shares. The Company transfer agent was notified via resolution and has received the physical certificate for retiring the aforementioned shares. The cancellation is expected to be reflected on the corporate ledger within 24 hours of this public notification.
Chairman & CEO Randy Hoff, commenting on the shares cancellation stated, "This 20 Million share cancellation today, with an approximate market value of $200,000.00 or 8% of the total shares previously outstanding, is a direct expression of company management's unwavering commitment to strengthening shareholder value over the long-term. I feel the same way today as I did during our last affiliate shares cancellation, that officers investing back into the company is always a wise move; and periodically retiring shares is key to maintaining a healthy share structure. Our Company wholeheartedly expects and reserves the right to do even more value creating share buybacks and cancellations in the future in any manner or quantity as the Company or its officers deem beneficial to the interests of all ORION DHC, Inc. shareholders. "
The Company made further mention that the new lower outstanding shares figure will subsequently be updated and reflected on the official corporate website located at: www.ORIONDHC.com.
About ORION DHC, Inc.
ORION DHC, Inc. (OTC: OODH) is a publicly traded holding company actively seeking attractive investments in multiple sectors utilizing time-tested value investing principles to grow its corporate holdings. The corporation targets licensable intellectual property, equity holdings, gold & silver mining, oil & gas assets, film and real estate assets; and works daily building internal divisions and exploring potential acquisitions.
Media Inquiries or Questions? Contact INVESTOR RELATIONS:
Hayden IR, L.L.C.
Stephen Hart
hart@HaydenIR.com
(917) 658-7878
Links:
http://www.ORIONDHC.com
http://www.nasdaq.com/symbol/oodh/stock-chart
Safe Harbor Statement
This press release contains forward-looking statements regarding the future performance of the Company within the meaning of the Private Securities Litigation Reform Act of 1995. Statements or suggestions within this press release are subject to a variety of financial risks and uncertainties that may cause actual results to differ materially from purported expectations. Please invest wisely and never invest more money than you can afford to lose. Always consult your personal financial advisor before taking any financial position in ORION DHC, Inc. Visit the corporate website for full Company investment disclaimer at the following link: www.oriondhc.com/investor-relations
Orion Diversified Holding Co., Inc. (2014) All rights reserved.
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ORION DHC, Inc. Company Officer Cancels 20 Million Common OODH Shares
July 08, 2014 at 04:41 AM EDT
