Business
US Highland/CRUZANI CEO Retires 250 Million Shares of Common Stock to Company Treasury
US Highland/CRUZANI CEO Retires 250 Million Shares of Common Stock to Company Treasury.
About this update from Bowmo Inc.
[{"type":"text","content":"\nATLANTA, Aug. 13, 2018 (GLOBE NEWSWIRE) -- US Highland/CRUZANI www.CRUZANI.com (OTC:UHLN), a business development company that builds and acquires franchise concepts, as well as other related businesses, throughout the United States and internationally, announced today that its Chairman and CEO, Everett Dickson, is retiring 250 million shares of his own common stock to the company treasury. This change in share structure will be effective next week.\n \"Our shareholders are important to us. By retiring 250 million common shares back to treasury, we instantly create additional value to the shareholders and boost the health of the company. The return of these shares demonstrates management's desire to maintain a capital structure that supports growth. This is an integral part of UHLN’s long-term corporate strategy. This move locks-in shareholder value as our top priority. We are laying a strong foundation and are now poised to grow in our target markets,\" said Everett Dickson, CEO of US Highland, Inc. Coinciding with this reduction in its outstanding shares, US Highland/CRUZANI has launched its corporate website www.CRUZANI.com. The website reflects the company’s recently announced name change in order to focus on the leading edge of the food sector’s innovation and growth opportunities. The new CRUZANI name is as much a brand as it is corporate identification. As CRUZANI gains recognition acquiring food service assets, the CRUZANI name will become increasingly associated with the cool-factor that enlivens innovation in the food industry today. CRUZANI’s mission strategy is to be both the owner/operator in its own food enterprises and an enabler for rising stars in the field to make their mark in the “business of food” through strategic alliances. According to plan, CRUZANI was pleased to announce the Q2 2018 asset acquisition of Toronto-based bakery Supreme Sweets by means of a new CRUZANI subsidiary www.OventaFoods.com. The transaction has delivered a substantial and immediate net increase in the book value of CRUZANI, which will in turn increase the company’s ability to implement its business plan. The acquisition enables CRUZANI to project its branding aspirations into the category of packaged snack foods for consumption at home and other settings, not only in QSR (Quick Service Res...