Date: July 23, 2015
Stock: DIBZ INTERNATIONAL INC., (NV) DIBZ – OTC MARKETS
Eutaw AL/ PR
NEWSWIRE / July 23rd, 2015/ DIBZ
INTERNATIONAL INC., (NV) (OTC Markets: DIBZ) DIBZ International Inc., Founder
& Chairman Mark Wood commented on DIBZ recent puzzling DIBZ stock volatility.
On
Friday, June 12th 2015, unbeknownst to the Company; Gold
Coast Capital, LLC ("GCC") a new DIBZ shareholder
divested approximately 576,000 common shares. GCC previously purchased these
shares from a DIBZ debt holder - B&B Cox Investments LLC.
In
order to divest the shares & once again unbeknownst to the Company, GCC autonomously
hired a stock promoter and paid for a series of promotional emails to be sent
from June 11th – June 12th. Prior to June 11th
2015 GCC had retained a consultant – Kevin Ramsey. GCC claim GCC paid Ramsey an
undisclosed sum. Ramsey in turn paid an
Orlando FL based email promoter $25,000 in cash to send the June 11th
– 12th email campaigns. GCC sold 100% of its position on June 12th.
Shortly thereafter the Company was made
aware of an issue at a Market Participant/Broker Dealer (“BD”). The BD would
not accept any new deposits from any customers while the stock was $0.01 or
less. On July 8th a BD restricted customer’s shares on the basis
that their common shares might be deemed a ‘rolling distribution’.
“At this point, clearly some brazen over-selling by exuberant market making participants has occurred with our shareholders common stock. This recent volatility is further complicated by the fact that no new common shares, conversions of debt, any form of dilution, or ‘easing of volatility pressure’ will be occurring at any time soon. Our Transfer Agent is unsure of exactly how many DIBZ common shares are trading in DTC; however we estimate the actual float number to be approximately 5m common shares. According to OTCIQ data, approximately 30,000,000 shares of DIBZ shares have traded from June 12th to today.” commented Mark Wood.
About DIBZ International Inc.,
(OTC: DIBZ)
DIBZ International Inc., is a
Nevada corporation. Originally, the
Company was incorporated in the state of Delaware on December 28, 2006. On January 27, 2007, the Company merged with
Haystar Services & Technology, Inc., (“Haystar”) a Nevada corporation, with
Haystar as the surviving company.
Haystar then immediately changed its name to DIBZ International, Inc., a
Nevada corporation. The Company is a holding
company organized with the goal of acquiring and managing a portfolio of highly
profitable, growth-oriented, synergistic assets and acquisitions.
Contact Information:
Mark Wood & Paul Taylor
DIBZ
INTERNATIONAL INC.,
T 205
737 4790
Safe
Harbor Statement:
This
release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Certain statements set forth in this press
release constitute "forward-looking statements." Forward-looking
statements include, without limitation, any statement that may predict,
forecast, indicate, or imply future results, performance or achievements, and
may contain the words "estimate", "project",
"intend", "forecast", "anticipate",
"plan", "planning", "expect",
"believe", "will likely", "should",
"could", "would", "may" or words or expressions
of similar meaning. Such statements are not guarantees of future performance
and are subject to risks and uncertainties that could cause the company's
actual results and financial position to differ materially from those included
within the forward-looking statements. Forward-looking statements involve risks
and uncertainties, including those relating to the Company's ability to grow
its business. Actual results may differ materially from the results predicted
and reported results should not be considered as an indication of future
performance. The potential risks and uncertainties include, among others, the
Company's limited operating history, the limited financial resources, domestic
or global economic conditions -- activities of competitors and the presence of
new or additional competition and conditions of equity markets.