SCNA Smart Cannabis Corporation (PK)

Laguna Hills, CA -- May 9, 2016 -- InvestorsHub NewsWire -- Zerez Holding’s (OTC: ZRZH) Announces new name and ticker now active, task completed ZRZH. Our new plan to get the Company on a fast track to the build Net Stock Holder Equity, is taking shape.
 
Our previous company Press Release disclosed the details of the responsibility to maintain its public disclosure on OTC Markets by remaining current in its reporting obligations. ZRZH amended its Articles of Incorporation and Corporate Bylaws to create various series of Anti-Dilutive Convertible Preferred Shares to protect its majority stakeholders. These securities will soon become available to the common shareholders.
 
 We are moving forward reorganizing the debt on the balance sheet, so that the company is debt free. The next part of the plan is to enhance the Net Stock Holders Equity in the Company by acquiring profitable businesses and or assets, using the Convertible Preferred Stock as currency.
 
“Shares are available to the Transfer Agent as of now,” says Murga. “In the 1-for-100 Reverse Stock split, every 100 shares of issued and outstanding common stock will be converted into one share of issued and outstanding common stock. If that number falls below 100, the share amount will be rounded up to 100.”
 
Details of the Reverse Split:
 
DRMCD stockholders should have received instructions from its transfer agent, Action Stock Transfer Corp. as to procedures for exchanging existing stock certificates for new certificates or book-entry shares and for the receipt of cash proceeds in lieu of fractional shares.
 
 
1:100 reverse split completed
 
New CUSIP: 989470109
New Ticker: ZRZH
 
Current Shares Outstanding (as of May 9, 2016): 244,110,353
 
Transfer Agent responsible to process corporate action: Action Stock Transfer Corporation
 
 
 
 
Juan Carlos Murga, CEO of Zerez Holdings says, “This new direction is absolutely necessary in order to attract investment into ZRZH. We will restore investor confidence, by removing affiliate & non-affiliate debt, and build net stockholders equity on the balance sheet.
 
Our team is ready to implement this strategy and our mandate, with credible accounting and legal representation to make good on this Agenda.  ZRZH will seek to have more of a transparent dialogue with its investors. Implementing these objectives will require clarity as we implement these milestones.  The investment community will be made more thoroughly aware through public disclosure and record.  Our work to acquire new assets is in gear, our recent news informing ZRZH shareholders of Letter of Intent to Darryl Payne Films is moving forward as we outline the details of the business to business relationship, more LOI’s are in the works, looking forward for the future”  

About ZEREZ Holdings Corp: Zerez Holdings is an Oklahoma corporation with its headquarters office located in Laguna Hills, California.  In 2016, the Company has embarked upon a change of business direction into a Holding company.  Please visit http://www.zerezholdings.com/
 

Safe Harbor: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
 

Contact:
Zerez Holdings Corp.
Email: ir@zerezholdings.com

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