NEW YORK, May 1, 2013 /PRNewswire/ -- (OTC Pink: ARNH) The
Automotive Resource Network Holdings, Inc. CEO Kathleen
Roberton announces that ALL common shareholders, as of record
date May 20, 2013, will be issued Anti-Dilutive Convertible
Preferred "H" Securities. This will serve as the redemption for the
dilution of their investments in the open market, through the debt
conversions. There will be no further consent resolutions by ARNH
and use of rule 144 by stockholders, as a provision to convert
equity or debt, until ARNH completes a registration statement with
the SEC. These securities will be priced at $2.50 per share, will be anti-dilutive, convert
at $0.00001 par value of ARNH and
will be dividend capable. Additionally, once the company is audited
to reflect the true market capitalization of the equity on its
balance sheet, these securities will form the reconstituted Issued
Capital that will be registered by ARNH to create new freely traded
securities for its shareholders. ARNH will host a conference
call on Monday, May 6, 2013 at 2:00 p.m. Pacific
Time / 5: 00 p.m. Eastern Time to further clarify
this press release.
The live call will include a moderated Q&A, after the
prepared remarks. The dial-in telephone number for the live audio
is as follows:
North America: 1.605.475.6700 Access Code 728728#
Kathleen Roberton, CEO, The
Automotive Resource Network Holdings Inc., states: "Issuing the
Anti-Dilutive Convertible Preferred "H" Securities is an important
necessity in protecting the fiscal interests of our common
shareholders, particularly since reverse splits and debt
conversions completely destroyed shareholder value. The
issuances of these securities are meant to act as 'PUTS' against
any future reverse splits or any downside side pressure from market
forces. These are hybrid securities that are designed to protect
investors and investments from dilution, while ensuring that the
Company does not carry debt on its balance sheet. These securities
that will be issued to our common shareholders will form the
nucleus of a registration statement that we will be filing with the
SEC. We will commence with the issuance of these securities by
having the common shareholders contact us, no later than May
20, 2013 after which, our designate corporate secretary will know
where to make delivery of the aforementioned securities for each of
the stockholders. We will ask that our current common stockholders
provide detail proof(s) of the amount of shares held on deposits
and their cash value on deposits with their broker dealer.
Please provide an Email response to:
(arnh.corporate.services@gmail.com ) in order to issue
the appropriate amount of convertible preferred stock as a function
of the equity invested by each stockholder."
Kathleen Roberton, further
states, "We are extremely pleased to have the ability to protect
our investors by issuing these preferred securities to them. The
ability to register this stock at a higher quoted price ensures
that all of our investors are protected from market forces and
conditions. One preferred share will convert into 100,000 common at
$2.50 per share, once the security is
registered with the SEC. The security will be quoted at
$2.50 per share to reflect the equity
that is being moved into the company through forward acquisitions
of profitable enterprises. These opportunities will be audited to
US GAAP standards and will allow us to consolidate condensed
financial statements that will show the value that we are building
for the stockholders. This opportunity, however, will only be
available to investors who currently hold verified, recorded
positions with ARNH as of May 20,
2013. Additionally, we will be assisting all shareholders in
converting the preferred shares to common when we do register those
securities with the SEC.
About The Automotive Resource Network Holdings Inc.:
The Automotive Resource Network Holdings, Inc. is newly emerging
as a holding company targeting the acquisition of undervalued,
niche companies with high growth potential, income-producing
commercial real estate properties and high return investments all
designed to pay a dividend to our shareholders.
FORWARD-LOOKING STATEMENT
ARNH cautions that statements made in this press release
constitute forward-looking statements, and not guarantees of future
performance, and actual results or developments may differ
materially from projections in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of
management at the time the statements are made.
Contact:
Kathleen Roberton
tel:(212)-634-7470
SOURCE The Automotive Resource Network Holdings, Inc.