Organic Plant Health Announces Completion of Certified Audit and Retirement of Preferred Shares

CHARLOTTE, N.C., May 10, 2011 /PRNewswire/ -- Organic Plant Health, LLC, (OPHI), (PINKSHEETS:OPHI) an exclusive manufacturer and distributor of organic-based fertilizers and soil conditioners, announced today that the 2 year financial audit that was recently conducted has been completed.  The final audit report is being put together by SEC auditing firm Silberstein Ungar, PLLC and should be delivered to company management by the end of May.

Upon receipt of the audit report the company plans to file a registration statement with the Securities and Exchange Commission on Form S-1. A securities attorney has been retained and the registration should be filed by early June, at which time Organic Plant Health expects to be deemed fully reporting by the SEC and up-listed to a fully reporting exchange. "The completion of the audit marks an important milestone for our company," stated Organic Plant Health CEO, Billy Styles. "Achieving this level of transparency and filing the SEC registration statement will put our shareholders in a position to realize considerable value as our company continues to expand and grow. Transitioning onto a fully reporting exchange has been a primary focus of ours since we became a public entity a few short months ago and now we are on the verge of completing that key objective."

The company also announced that in an effort to improve its share structure, the Board of Directors and majority shareholders authorized the effectuation of a 1-for-4 reverse split of Organic Plant Health's preferred stock. As a result, the number of authorized shares of preferred stock decreased from 20,000,000 to 5,000,000 shares, of which 3,999,999 are issued and outstanding. The preferred stock reverse split became effective upon the company filing a Certificate of Change with the Secretary of State of the State of Nevada on April 21, 2011. Upon completion of the reverse split the company converted those 3,999,999 Million preferred shares held by directors and members of the original ownership group into 39,999,990 restricted common shares in accordance with the articles of organization, and subsequently retired the preferred shares. "This improvement to our preferred shares structure reaffirms our commitment to our shareholders and should help attract larger investors and institutions," said Billy Styles.

Also included in the registration are recently made issuances of common stock to a consultant/advisor very close to the company, and an investor relations firm hired to promote awareness of the company among the investment community and to handle day to day investor communications. All of the shares issued are restricted shares according to SEC rule 144. This restricted share issuance will assist in securing the funding necessary to drive expansion throughout seven targeted southeastern states and position Organic Plant Health for significant growth through the year 2013. Additional SEC rule 144 shares were issued to reduce nearly $300,000 in debt owed by the company, further improving the company's financial position and attractiveness to investors.

Mr. Styles also commented on the registration statement when he stated, "Months ago I promised our shareholders that we would never be involved in reckless dilution of company stock. Today as we announce this new issuance, I am pleased to inform you that this registration has been structured as promised, using only restricted shares. This will help position us for significant growth on several important fronts as we plan our expansion through the Southeast United States and beyond."

About Organic Plant Health

Based in Charlotte, NC, Organic Plant Health (OPH), provides organic-based, natural and environmentally responsible fertilizers, soil conditioners, herbicides, insecticides and fungicides for the continual care of residential and commercial landscapes.  

Organic Plant Health brand products are currently sold in more than 20 Master and Independent Retailers across the Carolinas from Raleigh, NC to Greenville, SC.  Key customers using Organic Plant Health products are environmentally conscious Do-It-Yourself homeowners and commercial landscape companies, secondary markets served include real estate development companies, vineyards and agriculture.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Organic Plant Health takes no obligation to update such statements.

CONTACT:
Investor Relations:  Ph. (704) 745-OPHI (6744)
E-mail: [email protected]
Facebook:  www.facebook.com/organicplanthealth
YouTube:  www.youtube.com/organicplanthealth

SOURCE Organic Plant Health, Inc.