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Here To Serve Holding Corp. Sells Its Membership
Interests in Transaction
MILTON, GA – November 5th, 2014,
Here To Serve Holding Corp. (OTC Markets: HTSC) - (www.htshc.com), today
announced it has sold its membership interests in Here To Serve – Missouri
Waste Division, LLC, Here To Serve Technology Division, LLC and Here To Serve –
Georgia Waste Division, LLC.
On October 17th, HTSC
entered into a Membership Interest Purchase Agreement with Brooklyn
Cheesecake & Desserts Company, Inc (OTCQB: BCKE). On October 22nd, 2014, BCKE filed an 8K disclosing
the executed agreement. On
October 31st, 2014, BCKE acquired the membership interests in Here
To Serve – Missouri Waste Division, LLC, Here To Serve – Georgia Waste
Division, LLC and Here To Serve Technology Division, LLC.
BCKE is a fully reporting
company trading on the OTC QB exchange.
Prior to the acquisition, BCKE had 1,139,284 Outstanding Shares. Immediately following the close of this
transaction, BCKE will have 9,963,418 Outstanding Shares.
The current management and board
of directors of BCKE will be replaced over the next several weeks by Jeff Cosman, who will
survive as the Chairman and CEO of BCKE.
There will be a new management team put in place and will be announced
in the coming weeks. Mr. Cosman will re-name and rebrand the company to
reflect the new company in the month(s) ahead.
In this transaction, HTSC will
receive 9,054,134 newly issued restricted shares. The shareholders of HTSC will keep their HTSC shares, as
well as receive their pro-rata shares as a dividend at a future date once the
company announces the date of record for its shareholders. The newly issued restricted shares will
be issued to HTSC until the shares become free trading shares and the dividend
is announced. For example, if a
shareholder holds 1000 shares of HTSC, they will retain their 1000 shares of
HTSC plus they will receive 153 shares of BCKE (1000 x .153 = 153). BCKE has
filed a “Super” 8K with the Securities
and Exchange Commission (“SEC”).
HTSC will survive and continue to
trade on the OTC Pink Sheets following this transaction. Mr. Cosman will continue to control
HTSC and expects to build shareholder value with other revenue and positive
cash flow opportunities in the future.
Here To Serve Holding Corp. encourages the investment community to follow all HTSC developments as it starts its practice of releasing news and other financial and product updates on its Facebook page at www.facebook.com/HereToServeHoldingCorp as well as its Twitter feed at https://twitter.com/htshc.
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 in the southeast; ranging from telecom to manufacturing to medical devices.
Forward-Looking Statements
Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties within its filings with the OTC Markets and/or Securities and Exchange Commission.
.
Contact:
Jeff Cosman
(678) 871-7457
