Business
ORION DHC, Inc. Announces New Corporate Entities from Four Operational Divisions
ORION DHC, Inc. Announces New Corporate Entities from Four Operational Divisions.
About this update from Orion Diversified Holding Co Inc.
[{"type":"text","content":"/NEWSWIRE/ - ORION Diversified Holding Co., Inc. (OTC: OODH), a publicly traded holding company (the \"Company\" , \"Parent Company\"), announced it will begin the process of spinning-off four key internal divisions: 1) AuVek Mining Co., Inc. 2) Exteron Oil Co. Inc. 3) U.S. Timber Experts, Inc. and 4) Brownstone Corporation, Inc. as four separate corporate entities. As equity is issued, ORION DHC, Inc. will become a major stakeholder in each of these four new corporations, thus allowing the Parent Company to continue to guide these Company unit divisions into highly prosperous subsidiary corporations, a.k.a. \"Wholly-Owned Subsidiaries.\" The process is expected to begin immediately and may take upwards of 60 days to finalize all asset assignments, vehicle and equipment title transfers, capital allocation, final draft bylaws, contracting of appropriate registered agents, transfers of Real Estate Holdings and other corporate actions . Once the transition from Company divisions to corporate subsidiaries is complete, ORION DHC, Inc. will begin evaluating and configuring the appropriate stock issuance from each division (Corp) with possible equity transfers or dividends to existing OODH shareholders, if deemed suitable based upon the various assets currently held within each unit division.Commenting on these corporate actions, Mr. Randy Hoff, Chairman & CEO of ORION DHC, Inc. stated, \"Taking these four operational divisions and moving them forward into their own corporate structures will ensure the Parent Company (OODH) can appropriately allocate capital and monitor these holdings more systematically. The assignment of assets allows any one of these divisions to become a publicly traded entity on its own merit, dependent upon their continued operations, with OODH merely being a major shareholder. What we seek to accomplish by making this dramatic corporate change is to create a simplified investment platform where our investors can directly choose which division they prefer, and subsequently engage sound investment decisions based on the operations or revenues of the particular entity of their interest. We have found many investors, primarily institutional investors, want a choice when investing... and now, ORION DHC, Inc. will be offering that choice.\"The Company has made further mention this corporate action will not de...