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Dnd Technologies
DND Technologies Board Chairman Updates Shareholders on the Company's Reverse Stock Split.
Business
Jan 18 2013
3 min read

DND Technologies Board Chairman Updates Shareholders on the Company's Reverse Stock Split.

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.

 Dear Shareholders: Those of you who made frequent inquiries of the company will recall that management, like many of you, was disinclined to recommend a reverse split of the company’s stock for fear of an even temporary loss of shareholder value.  However, the stagnation of the share price at sub-penny levels for a prolonged period has not only caused a serious loss in shareholder value, but has negatively affected management’s ability to finalize several important projects that, we believe, will bring good, long term value to all shareholders.  Without the completion of on-the-table and new investments/acquisitions, we believe that shareholder value would continue to be eroded, leaving the majority of early shareholders at a current value disadvantage, and, in the long run, eroding value for all shareholders.

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