Macada Holding, Inc. Announces They Have Signed an LOI to Merge
18 February 2010 - 11:30PM
Marketwired
Macada Holding, Inc. (PINKSHEETS: MCDA) announced that they have
signed an LOI to merge a profitable company which closed its 2009
fiscal year with over 1.3 million in revenue, details soon to be
announced. They are closing the definitive agreement and plan to
close within the next two weeks.
Steven Cohen has resigned and the board and company have
accepted his resignation. Anthony Mellone shall be resigning
shortly after closing. They have officially canceled 58 million
preferred shares, leaving 19 million issued, in which the majority
shall be issued in the merger to the new officers and partners.
As of today's date, the company's share structure has changed
with the cancellation of the 58 million.
Safe Harbor Provision
This news release includes forward-looking statements, including
with respect to the future level of business for the parties. These
statements are necessarily subject to risk and uncertainty. Actual
results could differ materially from those projected in these
forward-looking statements as a result of certain risk factors that
could cause results to differ materially from estimated results.
Management cautions that all statements as to future results of
operations are necessarily subject to risks, uncertainties and
events that may be beyond the control of Macada Holding, Inc. and
no assurance can be given that such results will be achieved.
Potential risks and uncertainties include, but are not limited to,
the ability to procure, properly price, retain and successfully
complete projects, the availability of technical personnel, changes
in technology and competition.
Contact: Tom Nelson 480-325-8577
KMA (CE) (USOTC:MCDA)
Historical Stock Chart
From May 2024 to Jun 2024
KMA (CE) (USOTC:MCDA)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about KMA Holdings Inc (CE) (OTCMarkets): 0 recent articles
More Macada Holding, Inc. News Articles