CHARLOTTE, N.C., Sept. 8, 2011 /PRNewswire/ -- Organic Plant Health, Inc. (OPHI), (PINKSHEETS: (OPHI) an exclusive manufacturer and distributor of organic-based fertilizers and soil conditioners, is pleased to announce that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission, registering 10 million shares at $.20 per share. Organic Plant Health has 150 million common shares authorized, with less than half of those issued and outstanding. A high percentage of the company's outstanding stock is currently restricted as per Rule 144 with over 75% of those shares held by company affiliates.
Billy Styles, President and CEO of Organic Plant Health stated, "First and foremost our filing of the S-1 registration fulfills a commitment we made to our shareholders of being a fully reporting and transparent company. Our goal is to continue to increase shareholder value as we grow and expand Organic Plant Health. The registration of shares in the S-1 will provide us the means to expand our company, increase revenues and transact business as a publicly traded company in a responsible manner. Furthermore it will allow us to continue to develop and market the OPHI brand." Mr. Styles went on to say, "While we had hoped to have the registration completed sooner, our top priority was to structure the offering in a way that would be favorable to our shareholders and not hinder stock appreciation."
The company will be utilizing funds received from this offering to begin a significant geographic expansion of its business. Multiple hires are planned beginning in the fourth quarter of 2011 and continuing into 2012 for key sales and sales management roles. Management will be targeting multiple hub markets across the East coast and strategic points in the Midwest.
Organic Plant Health also announced that its new packaging and branding strategy is progressing on schedule and should be finalized shortly. "As we prepare to take these next big steps towards achieving national brand recognition, it is vital that we properly mold our brand in a way that clearly identifies who we are and what we stand for," said Mr. Styles. "Kaleidoscope-Chicago is doing a great job on the packaging design and structure. We are proud to say that the new packaging provides us with clear separation in the competitive category of Lawn & Garden," Styles continues. "The company expects to launch the new packaging in the first quarter of 2012."
The company also revealed plans to initiate a stock awareness campaign in order to introduce OPHI to new prospective investors and increase value to its current shareholders. Vice President and COO, Alan Talbert commented, "With all of the positive developments we have going on right now we feel this is the appropriate time to begin marketing our stock. Our objective is to create awareness about our company in the investment community as we begin to move towards becoming a nationally recognized company.
About Organic Plant Health
Based in Charlotte, NC, Organic Plant Health (OPH), provides organic-based, natural and environmentally responsible fertilizers, soil conditioners, herbicides, insecticides and fungicides for the continual care of residential and commercial landscapes.
Organic Plant Health brand products are currently sold in more than 20 Master and Independent Retailers across the Carolinas from Raleigh, NC to Greenville, SC. Key customers using Organic Plant Health products are environmentally conscious Do-It-Yourself homeowners and commercial landscape companies, secondary markets served include real estate development companies, vineyards and agriculture.
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. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Organic Plant Health takes no obligation to update such statements.
Ph. (704) 745-OPHI (6744)
SOURCE Organic Plant Health, Inc.