Here To Serve Holding Corp.
Board of Directors Approves Stock Dividend
Stock dividend to shareholders (pro-rata) are HTSC owned
shares of Meridian Waste Solutions, Inc. (MRDN)
HTSC sets Date of Record, September 30, 2016 to
receive dividends.
Milton, GA Tuesday, September 13, 2016 -- Here To Serve Holding Corp., (OTC Markets: HTSC) -
The Board of Directors of Here To Serve Holding Corp. (the “Company” or “HTSC”)
has approved a dividend to its shareholders, on a pro rata basis, of 3,322,809 shares
of common stock of Meridian Waste Solutions, Inc (“Meridian”, OTC Markets: MRDN)
owned by the Company. No fractional shares will be issued. The shares of common
stock of Meridian to be delivered pursuant to this dividend to the Company’s
public shareholders (not members of management or the Board of Directors) have
been registered for re-sale pursuant to a Registration Statement on Form S-1,
effective July 7, 2016, filed by Meridian. Shareholders of HTSC as of the end of the
business day September 30, 2016, the record date set by the Board, will be entitled
to receive such dividend. HTSC will work with its transfer agent and the appropriate
governing and/or administrative bodies to handle the distribution.
The shares of
Meridian that the Company is delivering pursuant to this dividend were issued
to the Company by Meridian in connection with the Company’s sale to Meridian of
the Company’s membership interests in Here To Serve – Missouri Waste Division,
LLC and Here To Serve – Georgia Waste Division, LLC, pursuant to that certain
Membership Interest Purchase Agreement, dated as October 31, 2014.
As of September 12, 2016, 118,680,934 shares of the Company’s common
stock were issued and outstanding.
ABOUT HERE TO SERVE HOLDING CORP. Here To Serve is a
holding company with a mission to grow shareholder value and demonstrate
positive cash-flow through the acquisition of strong operational companies
ranging from telecom, mobile apps, real estate investments and infrastructure.
Forward-Looking Statements
This press release may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 that involve certain risks and uncertainties. The
actual results or outcomes of Here To Serve Holding Corp may differ materially
from those anticipated. Although Here To Serve Holding Corp believes that the
assumptions underlying the forward-looking statements contained herein are
reasonable, any such assumptions could prove to be inaccurate. Therefore, Here
To Serve Holding Corp can provide no assurance that any of the forward-looking
statements contained in this press release will prove to be accurate.
In light of the significant
uncertainties and risks inherent in the forward-looking statements included in
this press release, such information should not be regarded as a representation
by Here To Serve Holding Corp that its objectives or plans will be achieved.
Included in these uncertainties and risks are, among other things, fluctuations
in operating results, general economic conditions, uncertainty regarding the
results of certain legal proceedings and competition. Forward-looking
statements consist of statements other than a recitation of historical fact and
can be identified by the use of forward-looking terminology such as "may,"
"intend," "expect," "will,"
"anticipate," "estimate" or "continue" or the
negatives thereof or other variations thereon or comparable terminology.
Because they are forward-looking, such statements should be evaluated in light
of important risk factors and uncertainties. These risk factors and
uncertainties are more fully described in Here To Serve Holding Corp 's most
recent Annual and Quarterly Reports filed with the Securities and Exchange
Commission, including under the heading entitled "Risk Factors." Here
To Serve Holding Corp does not undertake an obligation to update publicly any
of its forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Contact:
IR Contact
ir@htshc.com