BEDFORD, Texas, July 29, 2014 /PRNewswire/ -- The management of Galenfeha would like to take this opportunity to announce that our common stock (GLFH), scheduled to begin trading today (July 28), is experiencing a temporary delay.
Due to overwhelming demand for our stock opening, and new regulations just recently put into effect, management has made the difficult decision to regroup and postpone the initial trading of our common stock in order to avoid any situation where extreme volatility could have the potential to harm new and existing shareholders.
It is the management's job to ensure that the unanticipated hurdles we were faced with today are resolved in order to protect the integrity of Galenfeha's equity market. Our immediate and long-term goals for the future have not changed; our first priority is the success of the company and the protection of our investors.
Management expects these unforeseen issues to be settled in the immediate future. We appreciate your patience and continued interest in our company and will keep the public apprised of our progress and our updated schedule to begin trading.
Galenfeha, Inc. is an engineering services and product development/manufacturing company serving the oil, gas, and energy industries. Led by President/CEO James Ketner, the company is continually researching and developing new products to aid energy producers in reducing costs, increasing efficiency, and reducing global pollution.
For more information on Galenfeha's products and services, please visit www.galenfeha.com.
Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.
SOURCE Galenfeha, Inc.