NEW YORK, Jan. 6, 2012 /PRNewswire/ -- DGIN, Now Known as The Automotive Resource Network Holdings, Inc. (Pinksheets: DGIND.PK), Today Announced That FINRA Has Approved a Name Change and 1000/1 Reverse Split
NEW YORK, Jan. 6, 2012 /PRNewswire/ -- DGIN, now known as The Automotive Resource Network Holdings, Inc. (Pinksheets: DGIND.PK), today announced that FINRA has approved a Name Change and 1000/1 Reverse Split.
Diversity Group filed for several "reconstructive actions" shortly after new owners took possession of the company, which included a reverse split and a name change. CEO Kathleen Roberton said, "After a period of evaluation and review it became apparent that Diversity Group had to be changed to meet the immediate and long-term goals of the new corporate mandates. The original model became unworkable in its present state and we are truly now in the place we need to be to support the vision and growth plans of the company."
"This has been a much longer process than anyone ever imagined yet it marks a very positive turning point for The Automotive Resource Network Holdings, Inc. As we look toward the future, the name change and new corporate structure now solidifies TheARN with its own identity," said Paul Redmayne, COO of TheARN.
About The Automotive Resource Network, Inc.: The Automotive Resource Network, Inc. offers a unique month to month vehicle service contract, roadside assistance products and soon to introduce Nano Technology direct to consumers through independent sales channels.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release relating to The Automotive Resource Network Holdings, Inc.'s future plans, expectations, beliefs, intentions and prospects are "forward-looking statements" and are subject to material risks and uncertainties. When used in this press release, the words "will," "future," "expect," "look forward to," similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of The Automotive Resource Network Holdings, Inc. (the "Company") that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. All information set forth in this press release is current as of January 6th, 2011. The Company undertakes no duty to update any statement in light of new information or future events unless required by law.
Contact:
The Automotive Resource Network Holdings, Inc.
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SOURCE The Automotive Resource Network Holdings, Inc.
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