Team Nations Holdings Corp. Announces Cancellation of Series A Preferred and 1B Common Sharesadmin
Nevada / Accesswire / January 08, 2014 / Team Nations Holding Corp, (a Nevada Corporation) (OTCBB: TEMN), today announced that it has received the entire Series A Preferred shares and the 1 Billion restricted common shares that had been issued to the previous officers of the company. The shares have been delivered back to Clear Trust with the instructions to return to the authorized but unissued status.
“This reduced the outstanding by 1 Billion shares ” says Alonzo Pierce, CEO of Team Nation Holdings. Pierce also commented, “This is a tremendous win toward our reorganization plan and I am happy to put closure to this negative capital structure situation. The Company is continuing with financial audits and its efforts to bring the company completely current with the SEC. The company expects to be fully reporting by the end of the month ”
This news release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as “estimate,” “expect,” “anticipate,” “projected,” “planned,” “forecasted” and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Team Nations Holdings Corporation, Inc.’s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Team Nations Holding, Corp.
Posted: January 8th, 2014 under ACCESSWIRE.