Cascadia Investments, Inc. Issues Shareholder Letter
18 August 2010 - 11:15PM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV)
To our Shareholders:
I felt it was time to summarize our year to date, in order to
address your concerns regarding our market valuation. Our goal has
always been to create shareholder value by developing the business
product we offer, and our strategy has not changed.
Like many other companies, we have had to deal with fluctuations
in the market as a whole. I know many of you have been concerned
about the short position of the stock. However, I believe that the
best response to factors beyond our control is to concentrate on
what we can control and that is to focus on what we do best:
putting our efforts into developing the business.
The company's website http://cascadiainteractive.com/ currently
has 28 apps based on the Apple platform (that is, they are
compatible with Apple iPhone, iPod and other popular Apple
hardware). These apps are all available for purchase at the Apple
store, and have received a boost from being included on Apple's
"What's Hot" marketing page. We intend to continue developing or
acquiring gaming apps in the foreseeable future to take advantage
of this high-growth market.
In order to increase our name recognition and broaden our
customer base, the company and its marketing partners have
undertaken a major marketing campaign that promotes our apps and
puts our name before the buying public. Our goal is for the public
to associate Cascadia Investments, Inc. with the best in gaming
apps.
Some of you have expressed concern about a possible change in
the share structure. I can assure you that there are no plans to
change the current share structure or to increase the float. Of
course, if a profitable acquisition were to become likely, we would
consider all the options. At this time, no acquisition has been
proposed by any party.
There has been general discussion about the advisability of
"up-listing" to a higher exchange. At this time, we believe
shareholder value can be most effectively created by working
primarily on developing exciting products and marketing those
products. We believe an increase in market valuation will be the
inevitable result of establishing name recognition in conjunction
with quality products. Therefore, at this time, we will focus on
those goals and will address up-listing at a later time.
I would like to personally thank each of you for your input,
your ideas, and your continued support. We take your comments and
concerns seriously, and are committed to ensuring that your
investment with Cascadia Investments, Inc. will continue to
increase in value.
Sincerely
Nazir Maherali President and C.E.O. Cascadia Investments,
Inc
Cascadia Investments, Inc. is a publicly traded company
operating in the Pacific Northwest that focuses on developing
and/or acquiring cutting-edge Internet businesses. The company's
principal objective is to create equity and long-term earnings for
its shareholders through the acquisition and development of its
social media, gaming, and other web-based applications.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject
to certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events. All trademarks and
copyrights remain the property of their respective owners and no
association is express or implied.
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