Cooper Holding Corp Begins Process to Become Fully Reporting
COTTAGE GROVE, Tenn., Nov. 30, 2010 /PRNewswire/ -- Cooper Holding Corp (Pink Sheets: SHAR.PK), a publicly traded company engaged in the wholesale and retail sale of a diverse line of outdoor products, announces the Board of Directors review on the short and long term goals of the Company.
Cooper Holding Corp is pleased to announce that on Friday November 26, the Board of Directors met to review the short and long term goals of the Company. In regards to short term goals; becoming transparent; acquiring Cooper Hunting Industries, Inc.; filing an S-1 to become fully reporting and move to the OTC Bulletin Board, they have been making great strides.
Most recently, the Company has completed the acquisition of Cooper Hunting with the share exchange that took place on November 5, 2010. Our Share Structure remains unchanged at 280,000,000 A/S, O/S 86,219,285, Float 8,621,928 shares.
Our goal to become fully transparent will be completed in two phases. In Phase I outside counsel was retained to complete the current information and disclosure statement in order to bring Pink Sheets to "Current Information." With all documents submitted, this process is near completion and "Current Information" should be available on Pink Sheets by weeks end. In Phase II, the company will file an S-1 registration statement to become fully reporting in an effort to be quoted on the OTC Bulletin Board. Management anticipates this process is to begin within the next few days.
One of the Company's main long term growth goals is the acquisition of companies with parallel business models. The Company is currently in the early stages of due diligence reviewing several global companies which will afford them the ability to branch out into other economies of scale.
Dan Cooper, President of Cooper Holding, said: "We would like to acquire a position in five companies by 2015. By increasing our assets, we will be increasing our bottom line therefore increasing shareholder value. Our shareholders want to see growth in the company. They need to feel secure about the investment they've made, and we plan to do everything in our power to give it to them."
Media contact: |
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Dan Cooper |
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O: 866-972-5463 |
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F: 731-782-3332 |
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Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently.
SOURCE Cooper Holding Corp
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