DND Technologies, a diversified holding company that acquires, invests in,
and partners with next generation start-ups and established businesses to bring
new or improved products to market, has undergone a reverse stock split as
approved by a shareholder majority and the Board of Directors.
To be sure, management’s recommendation for the reverse split came only after wide consultation, and with the anticipation that the company would be able to complete several ongoing and new transactions, only a few of which include: (1) Cinturi: http://cinutri.com. A mobile shopping start-up (with very good financial projections) in Brazil whose pilot project will be done in partnership with a very well known international online and mobile payments company. (2) Poprad: http://www.corrib.sk. Already announced condominium project in the Czech Republic that has almost completed phase one of three phases; (3) Intex: http://intexfm.com. A start-up stock crossing network that will be based in Nassau, The Bahamas. As noted in previous press releases, there are several other very exciting and potentially lucrative projects in train.
Having witnessed reverse splits before, management expects to be the target of some interesting, if unflattering expressions by unhappy shareholders. Rather than be upset, we encourage this as a good thing because, when all is said and done, the company rightfully belongs to the shareholders and they should feel free to express themselves in new and exciting ways, and always to hold management’s feet to the fire. However, management believes that this reverse split will, very shortly, start returning well deserved value to those shareholders who, like management, are in it for the long run and hope to build a good, strong, diversified DND Technologies.
Safe
Harbor Statement
Matters
discussed in this press release contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. When used in
this press release, the words "anticipate,"
"believe,""estimate," "may," "intend,"
"expect" and similar expressions identify such forward-looking
statements. Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the forward-looking statements
contained herein. These forward-looking statements are based largely on the expectations
of the Company and are subject to a number of risks and uncertainties. These
include, but are not limited to: the impact of economic, competitive and other
factors affecting the Company and its operations, markets, product, and
distributor performance.
Jonathan Peters: Board Chairman