Monday, March 27, 2017 9:16:33 AM
Pure To Award Shareholders A Non-Dilutable Non-Reversible Preferred Stock Dividend
LAS VEGAS, NV--(Marketwired - Mar 27, 2017) - Pure Hospitality Solutions, Inc. ( OTC PINK : PNOW ), parent Company of the Central American-Caribbean Online Travel Agency (OTA) Oveedia and Numismatic Specialty Store (Meso Numismatics) announced today, that the Company has finalized the structure of its New Series BB Preferred Stock; to be issued to participating shareholders as a Preferred Stock dividend, with non-dilutable features and non-reversible protections.
"Contrary to popular belief, there are many market circumstances and events that the Company cannot control," stated Melvin Pereira, President and CEO of Pure Hospitality Solutions. "However, whatever we can do to support our shareholders and rebuild shareholder confidence, we will continue fighting to do so. Creating this class of preferred stock will do a lot in assisting us with promoting the interests of the Company's shareholders. I am proud to say that the greatest purpose of this preferred stock, is to protect, and in many ways increase, the current and future value of a shareholder's PNOW holdings."
As previously mentioned by the Company, management believes that offering shareholders a special, "protective" class of preferred stock is not a gift... but rather a responsibility.
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