COTTAGE GROVE, Tenn., Dec. 1, 2010 /PRNewswire/ -- Cooper Holding Corp (Pink Sheets: SHAR), a publicly traded company engaged in the wholesale and retail sale of a diverse line of outdoor products, announces that on Tuesday, November 30 the Board of Directors met with the auditor to begin Phase II of the plan to become fully transparent.
In keeping with our business plan, the Board of Directors met on Tuesday, November 30, 2010 with the auditor, via teleconference, to begin laying the groundwork for the S-1 registration statement. The auditor will provide a detailed report on the status of the Company once a year as well as unaudited reviews on a quarterly basis.
In filing the S-1 registration statement, the Company intends to register the shares as per the share exchange between the Company and Cooper Hunting Industries, Inc. The shares to be issued upon the exercise of the warrant issued to Sharp shareholders prior to the reverse split will also be registered, and begin quoting the Company's stock on the OTC Bulletin Board.
Dan Cooper, President of Cooper Holding Corp said: "We are very enthusiastic and motivated about the direction the Company is headed. Prior to week's end, we will have submitted all current information to Pink Sheets and initiated Phase II of our transparency project for shareholders."
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