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THE AUTOMOTIVE RESOURCE NETWORK HOLDINGS, INC. (ARNH) CEO KATHLEEN ROBERTON ANNOUNCES A NEW DIRECTION & NEW OBJECTIVE FOR ARNH
THE AUTOMOTIVE RESOURCE NETWORK HOLDINGS, INC. (ARNH) CEO KATHLEEN ROBERTON ANNOUNCES A NEW DIRECTION & NEW OBJECTIVE FOR ARNH.
About this update from Za Group Inc.
[{"type":"text","content":"The Automotive Resource Network\nHoldings, Inc. CEO, Kathleen Roberton is pleased to announce that ARNH is\nmaking significant progress in adding value to its balance sheet. ARNH is in\nthe final stages of negotiations to acquire several profitable enterprises as\nwholly owned subsidiaries, for Convertible Preferred Stock. Much more\ninformation will be forthcoming on these companies as ARNH moves to closure on\neach of these agreements. \n\nThis\napproach of acquiring many different companies and/or buying debt or equity\nsecurities in different issuers is consistent with the New Direction of ARNH. The\ngoal is to become a 1940 Investment Act Company, or appropriately be defined as\na Business Development Corporation. This is by far the best move in order to\ninsure that each individual that has\nmade a financial investment to date,\neither in common shares or preferred shares has the best opportunity going\nforward. ARNH is hosting an important conference call today on Monday, May 6,\n2013 at 2:00 p.m. Pacific Time / 5: 00 p.m. Eastern Time to\nfurther clarify how we intend to protect common shareholders in this new and\ndynamic direction for ARNH.\n\nThe\nlive call will include a moderated Q&A, after the prepared remarks. The\ndial-in telephone number for the live audio is as follows:\n\nNorth\nAmerica: 1.605.475.6700 Access Code 728728#\n\nKathleen\nRoberton, CEO, The Automotive Resource Network Holdings Inc., states: “The New\nDirection of ARNH will make us leaner and meaner. We understand that part of\nbuilding shareholder value, is committing to enhance shareholder equity. We\nintend to enhance not only our balance sheet, by aggressively pursuing\nprofitable enterprises, through forward acquisitions or asset purchase\nagreements, but we also plan on being proactive with our disclosure\nrequirements and our obligation to answer shareholder inquiries. A top priority\nfor ARNH will be to host more frequent shareholder conference calls to appraise\nand clarify the progress being made with our stockholders. We have been\nderelict in those duties in the past, and understand that in order to repair\nshareholder confidence, we must have a constant informative dialogue with our\nshareholder base. We have also committed not to file for a Reverse Split with\nFINRA,...