MIAMI, Florida, October 21, 2015 /PRNewswire/ --
Pleasant Kids, Inc. (OTC-MARKETS: PLKD) today announced that the Board of Directors has authorized a reduction in the amount of shares authorized by the company from 9,500,000,000 to 360,000,000 by filing a Certificate of Amendment with the State of Florida. The number of authorized shares of preferred stock remains the same at 60 million.
Robert Rico, CEO of Pleasant Kids, Inc. commented, "As we enter the final phase of our Next Group acquisition, the Board and our management team has determined that this reduction of authorized common stock is in the best long term interest of our shareholders. We feel that by reducing the authorized shares further improves investor's confidence, position company for significant growth, confirm our intention to build value in our share price and to demonstrate our commitment to protecting our shareholders. In preparation for my resignation on behalf of Pleasant Kids I would like to thank Arik Maimoun for his dedication and hard work. We look forward to having him as Chairman and CEO."
Arik Meimoun states: "We are pleased that Pleasant Kids decided to reduce the authorized shares and file all the necessary documents with the State of Florida. Next Group Holding has been working diligently with the law offices of Mitchell Silberberg & Knupp LLP, the 107-year-old full-service law firm to file all necessary SEC and FINRA related documents. Furthermore, we are working with Mr. Joseph D'Arelli CPA from D'Arelli Pruzansky PA a Public Company Accounting Oversight Board (PCAOB) certified firm on our multi-year financial audit. I am looking forward to leading Next Group Holdings, Inc to new milestones and introducing past, present and future shareholders to our products at Next Group Holdings, Inc."
About NEXT Group Holdings, Inc.
NEXT Group Holdings, Inc. is a leading-edge communications technology company focused on providing innovative mobility and remittances solutions for the emerging markets. The company operates primarily through its four subsidiary companies: Meimoun & Mammon, LLC ("M&M"); Next CALA, Inc. ("NEXT CALA"); and NxtGn, Inc. ("NextGn").
M&M is a fully licensed, telecommunication long distance services provider and owner of 100% of Next Mobile 360, LLC ("Next 360"), a mobile virtual network operator ("MVNO") that leverages its proprietary technologies as a foundation of the most reliable VoIP network in the world, allowing the company to deliver a cost-efficient and high-quality long distance services for HD voice and HD video to our customers. Next 360, through its decades-long alliance with Sprint, is one of the first MVNOs authorized by Sprint over 20 years ago. For more information on M&M and Next 360, please visit http://www.nextmobile360.com. Visit the official Facebook page at facebook.com/pages/next-mobile-360.
Next CALA offers customers the ability to earn international long distance rewards by using the Next CALA GPR, creating a smarter way for customers to manage money and stay connected with friends and family at the same time. By using Next CALA rewards, customers can call directly to anywhere in the world. For more information on Next CALA, please visit http://www.nextcala.com.
NxtGn, in cooperation with with industry leader Cisco Systems, has developed a unique product called AVYDA powered by Telarix, an HD telepresence platform that allows millions of people to connect using their mobile phones, tablets and PCs into celebrities, talents, healthcare and education applications on both Android and iOS operating systems. AVYDA allows HD video conferences to connect point-to-multipoint, having 10,000 concurrent calls per session border control (SBC). For more information on NxtGn, please visit http://www.nxtgn.net. Read more about NxtGn's collaboration with Cisco here: http://blogs.cisco.com/sp/cisco-helps-nxtgn-and-telarix-deliver-ipv6-enabled-video-solution.
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THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS"ESTIMATE", "ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
NEXT Group Holdings, Inc.
Pleasant Kids, Inc.
SOURCE Pleasant Kids, Inc.