Cooper Holding Urges Delivery

COTTAGE GROVE, Tenn., July 27 /PRNewswire-FirstCall/ -- Cooper Holding Corp. (Pink Sheets: SHAR), formerly known as Sharp Holding Corporation, a publicly traded holding company engaged in the retail and wholesale sale of a diverse line of products, recommends that holders of Sharp common stock certificates take personal delivery of any of their shares held in street name by brokerage firms.

The Board of Directors of Cooper Holding has monitored the RegSho compliance service on a daily basis since June 24, and determined that it is very likely that the "short position" in the Company's shares has reached levels that lend themselves to possible adverse consequences for shareholders.  In all likelihood the current short position may actually exceed the current float in the Company's common shares.  Consequently, the Board of Directors recommends that shareholders give serious consideration to request immediate personal delivery to them of the Company's shares from brokerage firms that might be holding such shares in street name as one method of discouraging possible manipulation of the Company's share prices.

All shareholders shall soon be notified of the Company's procedures for exchanging Sharp Holding Corporation share certificates for Cooper Holding Corporation certificates and warrants pursuant to the reverse stock split and merger previously approved by the shareholders and scheduled to be finalized in August of 2010.

"Our recommendation to request personal delivery by shareholders of their common shares arises from our concern that possible manipulative stock activity might hinder some shareholders in exchanging their shares and receiving the warrants which are a part of the reverse split and merger that the shareholders approved in March of this year.  We want to put shareholders in the most advantageous position we can with respect to the disposition of their shares and warrants."  - Daniel Cooper, President, Cooper Holding Corporation.

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.