Harvey Westbury Corp. Retires Treasury Stock
(firmenpresse) - PARSIPPANY, NJ -- (Marketwired) -- 07/17/13 -- Harvey Westbury Corp. (PINKSHEETS: HVYW), a packaging, assembly and distribution company with aftermarket automotive and marine items as principal products, announced today that it has retired a block of treasury stock recently acquired through a rescission agreement involving common stock issued to key employees for the forgiveness of accrued wages. This cancellation of stock has reduced the number of issued and outstanding shares by one hundred fifty eight million shares (158,000,000).
President of Harvey Westbury Corp., Eugene J. Chiaramonte, stated, "Clearly, it was in the best interests of all parties involved; as well as for the shareholders to retire these shares."
About Harvey Westbury Corp.
HVYW () is a marine and automotive product distributor with the company's brand names including Garry's Royal Satin waxes and polishes; and Easy-Test "do-it yourself" tester kits.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Harvey Westbury Corporation, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Datum: 17.07.2013 - 06:30 Uhr
Sprache: Deutsch
News-ID 1246188
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PARSIPPANY, NJ
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Aircraft
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