Team Nation Holdings Corp announces Name and CUSIP Change, Authorized Share Reduction and Omnibus Stock Option Plan
HOUSTON, March 27, 2014 /PRNewswire/ -- Team Nation Holdings Corp, (a Nevada Corporation) (OTCBB: TEMN), today announced that it has officially changed its name with the State of Nevada to Top Shelf Brands Holdings Corp. in order to reflect the true business of the company. The company has also received a new CUSIP number in preparation for a new trading symbol and up-listing in the near future. Management has also filed the paperwork required to reduce the authorized shares of the company from 5 billion to 2 billion thereby protecting current shareholder value by significantly reducing the ability to dilute shareholders. Alonzo Pierce, CEO of Top Shelf Brands Holdings Corp, commented, "These changes are essential for us to achieve the goals we set when embarking on the task of becoming a fully reporting public company and gaining access to the public capital markets. Our new name reflects on our belief that our brands are some of the best tasting distilled and herbal infused spirits engineered in the market that will capitalize in the alcoholic beverage industry that is expected to exceed $1 trillion and 210 billion liters. The share authorization reduction confirms my commitment to build shareholder value." Management has also adopted an omnibus stock option plan for its employees. "Our stock option plan was implemented to give us the ability to attract and maintain key employees while executing our business plan. It is important for a small company to be able to compete for the best talent available and stock options give us that competitive edge," continued Pierce.
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Team Nation Holdings Corporation, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Team Nation Holdings Corp