Atlas Capital Holdings, Inc. Completes Restructuring and Reverse Split
(firmenpresse) - BOCA RATON, FL -- (Marketwire) -- 02/28/12 -- Atlas Capital Holdings Inc. (PINKSHEETS: ALCL) (the "Company") announced it has recently completed a series of transactions to restructure the Company's operations and capitalization, including the consummation of a 1000 for 1 reverse stock split of the Company's common stock. The "D" has now been removed from the Company's symbol.
The Board of Directors and a majority of shareholders agreed that it would be in the Company's best interest to conduct a reverse split to reduce the number of outstanding shares of common stock to a level more consistent with other holding companies and provide the management of the Company with additional flexibility to facilitate future acquisitions.
The Company is currently finalizing management changes in preparation to execute its business strategy.
About Atlas Capital Holdings, Inc.
Atlas Capital Holdings, Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company's Articles of Incorporation changing the Company's name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc.
Forward-Looking Statements
This press release contains "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, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Atlas Capital Holdings, Inc. undertakes no obligation to update such statements.
CONTACT:
Atlas Capital Holdings, Inc.
561-488-7623
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Datum: 28.02.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 1087542
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