Immediate Release Wham Inc. (OTC: WFMC) Park Ridge, IL Feb. 16th 2015 - Mr. Timothy Richards, author of Aim High Profits, who claims to be an "expert" penny stock picker recently wrote an article regarding Woodman Holdings (WHAM Inc). WHAM believes that the purpose of this article was an attempt to smear WHAM's reputation by using inaccuracies and improper market analysis statements. Because newer investors could be fooled by this skewed misinformation, we have decided to respond to a four of the most egregious points.
BILLION DOLLAR POTENTIAL:
Mr. Richards: “Holy shazams! Wham Inc., A Billion Dollar Company?“
WHAM: WHAM firmly believes that its cutting edge technologies and products under the WHAM umbrella have a clear path to grow into a billion dollar company and that this potential is achievable. We are a diversified group with mobile encryption technology, apparel, mobile gaming, p2p technology, health care, fine arts, investments and trading. WHAM will continue to promote its company and products through its many avenues and with the launch of its new marketing campaign.
WHAM's IPO:
Mr. Richards: "The initial structure of the Company’s first IPO is to register the 100 Million Shares of Wham Inc, (ticker symbol WFMC) with the SEC. Currently, the majority of these shares are owned in stock certificate form, which will become free trading after the companies IPO (ah, that’s why there’s no volume)."
WHAM: So there is no confusion amongst the investment community, forty-five percent of WHAM shares are in restricted stock certificate form. These shares are apart of the 100 million share structure of WHAM Inc., which will be registered with the SEC in preparation of its IPO.
S-1 FILING:
Mr. Richards: “In regards to the SEC filing to uplist, neither we, nor OTCMarkets, can seem to find any new filings since July, 2011.”
WHAM: It is clear that Mr. Richards doesn’t quite understand the options regarding how EGCs, (emerging growth companies) file S-1 registrations. Maybe he could be enlightened by the New IPO Playbook from Latham and Watkins, “…EGCs and their underwriters may gain useful feedback from prospective investors while maintaining confidentiality as they await both clearance from industry regulators and market conditions that are favorable to the offering.” Or perhaps he might gain some insight from the Ernst & Young JOBS Act article, “Approximately 85% of the EGCs that have filed IPO registration statements since the JOBS Act was enacted have taken advantage of the confidential review accommodation.. … EGCs are required to publicly file all prior confidential submissions no later than 21 days before their road shows.”
BALANCE SHEET:
Mr. Richards: “The most recent updated filing, a balance sheet as of December 31, 2014, looks simply too healthy, with current assets valued at $1.016 million and absolutely zero liabilities."
WHAM: WHAM makes no apologies for having huge assets within our Fine Arts division. We have worked very hard and are very proud to have no significant liabilities.
Read more here:
Excerpt from the New IPO Playbook from Latham and Watkins: http://www.sec.gov/info/smallbus/acsec/acsec-091713-lathamreport-slides.pdf
Excerpt from Ernst & Young Article – The JOBS Act: 2014 mid-year update: http://www.ey.com/Publication/vwLUAssets/EY-the-JOBS-Act-2014/$FILE/EY-the-JOBS-Act-2014.pdf
WHAM Fine Art Division and view some of the Art at our corporate website: http://www.whamcorp.us/index.php
WHAM Balance Sheet as of Dec. 31, 2014: http://www.otcmarkets.com/financialReportViewer?symbol=WFMC&id=131836
About Us:
Woodman Holdings Asset Management Inc. (Wham Inc.) is a diversified holdings company established for the purpose of investing in or acquiring businesses and distressed asset classes. We operate in six business areas: Investments, Mobile Gaming, Proprietary Trading, Apparel, Fine Art and Secure Mobile Encryption Technology.
Woodman Holdings has assets of over $100 million with no significant liabilities. The company acquires businesses through mergers, stock exchanges, asset acquisitions or reorganization. We explore innovative financial solutions in order to facilitate global investments for wealth creation and life quality enhancement. We also provide connectivity between the capital markets and knowledge driven investors, profiteering from yielding investments. We have the direct capability as a corporate structured finance originator, to organize and submit international financial investments, ranging between US $1 Million to US $100 Million. The operating principles that guide our organization, our conduct and our relationships are simple and are designed to create a different type of company, which honors God and people. The company has a disciplined approach to its actions and investments. Our strategy is to raise capital in a private offering for its first IPO (Initial Public Offering).
One of the company's goals and purpose is to secure funding for the Art Fund. WHAM is a leading art investment house with assets of over $100 million under management and a track record ROI of 16.51% on assets with liabilities. The Group also represents some leading banks in their art advisory relationship, FAIR (Fine Art Investment & Research). The Group was founded in 1999 by Israel Vasquez President, Chairman/CEO, to develop and manage investment vehicles that invest in Fine Art. The Fine Art Fund was the first fund of its type to invest in art as a worldwide asset class, and continues to be the only one to do so on this scale.
Forward-Looking Statement:
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Contacts:
Wham Inc, Investors Relations Department contact us via email at: investorrelations@whamcorp.us or for all general inquiries contact us via email at: info@whamcorp.us
BILLION DOLLAR POTENTIAL:
Mr. Richards: “Holy shazams! Wham Inc., A Billion Dollar Company?“
WHAM: WHAM firmly believes that its cutting edge technologies and products under the WHAM umbrella have a clear path to grow into a billion dollar company and that this potential is achievable. We are a diversified group with mobile encryption technology, apparel, mobile gaming, p2p technology, health care, fine arts, investments and trading. WHAM will continue to promote its company and products through its many avenues and with the launch of its new marketing campaign.
WHAM's IPO:
Mr. Richards: "The initial structure of the Company’s first IPO is to register the 100 Million Shares of Wham Inc, (ticker symbol WFMC) with the SEC. Currently, the majority of these shares are owned in stock certificate form, which will become free trading after the companies IPO (ah, that’s why there’s no volume)."
WHAM: So there is no confusion amongst the investment community, forty-five percent of WHAM shares are in restricted stock certificate form. These shares are apart of the 100 million share structure of WHAM Inc., which will be registered with the SEC in preparation of its IPO.
S-1 FILING:
Mr. Richards: “In regards to the SEC filing to uplist, neither we, nor OTCMarkets, can seem to find any new filings since July, 2011.”
WHAM: It is clear that Mr. Richards doesn’t quite understand the options regarding how EGCs, (emerging growth companies) file S-1 registrations. Maybe he could be enlightened by the New IPO Playbook from Latham and Watkins, “…EGCs and their underwriters may gain useful feedback from prospective investors while maintaining confidentiality as they await both clearance from industry regulators and market conditions that are favorable to the offering.” Or perhaps he might gain some insight from the Ernst & Young JOBS Act article, “Approximately 85% of the EGCs that have filed IPO registration statements since the JOBS Act was enacted have taken advantage of the confidential review accommodation.. … EGCs are required to publicly file all prior confidential submissions no later than 21 days before their road shows.”
BALANCE SHEET:
Mr. Richards: “The most recent updated filing, a balance sheet as of December 31, 2014, looks simply too healthy, with current assets valued at $1.016 million and absolutely zero liabilities."
WHAM: WHAM makes no apologies for having huge assets within our Fine Arts division. We have worked very hard and are very proud to have no significant liabilities.
Read more here:
Excerpt from the New IPO Playbook from Latham and Watkins: http://www.sec.gov/info/smallbus/acsec/acsec-091713-lathamreport-slides.pdf
Excerpt from Ernst & Young Article – The JOBS Act: 2014 mid-year update: http://www.ey.com/Publication/vwLUAssets/EY-the-JOBS-Act-2014/$FILE/EY-the-JOBS-Act-2014.pdf
WHAM Fine Art Division and view some of the Art at our corporate website: http://www.whamcorp.us/index.php
WHAM Balance Sheet as of Dec. 31, 2014: http://www.otcmarkets.com/financialReportViewer?symbol=WFMC&id=131836
About Us:
Woodman Holdings Asset Management Inc. (Wham Inc.) is a diversified holdings company established for the purpose of investing in or acquiring businesses and distressed asset classes. We operate in six business areas: Investments, Mobile Gaming, Proprietary Trading, Apparel, Fine Art and Secure Mobile Encryption Technology.
Woodman Holdings has assets of over $100 million with no significant liabilities. The company acquires businesses through mergers, stock exchanges, asset acquisitions or reorganization. We explore innovative financial solutions in order to facilitate global investments for wealth creation and life quality enhancement. We also provide connectivity between the capital markets and knowledge driven investors, profiteering from yielding investments. We have the direct capability as a corporate structured finance originator, to organize and submit international financial investments, ranging between US $1 Million to US $100 Million. The operating principles that guide our organization, our conduct and our relationships are simple and are designed to create a different type of company, which honors God and people. The company has a disciplined approach to its actions and investments. Our strategy is to raise capital in a private offering for its first IPO (Initial Public Offering).
One of the company's goals and purpose is to secure funding for the Art Fund. WHAM is a leading art investment house with assets of over $100 million under management and a track record ROI of 16.51% on assets with liabilities. The Group also represents some leading banks in their art advisory relationship, FAIR (Fine Art Investment & Research). The Group was founded in 1999 by Israel Vasquez President, Chairman/CEO, to develop and manage investment vehicles that invest in Fine Art. The Fine Art Fund was the first fund of its type to invest in art as a worldwide asset class, and continues to be the only one to do so on this scale.
Forward-Looking Statement:
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Contacts:
Wham Inc, Investors Relations Department contact us via email at: investorrelations@whamcorp.us or for all general inquiries contact us via email at: info@whamcorp.us