Omni Health Inc (OMHE)

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"OMHE" CONVERTS 62% COMMON STOCK TO PREFERRED_TO_RESTRUCTURE_SHARES !!!_http://finance.yahoo.com/news/omni-health-inc-converts-62-110000529.html

EXCERPT FROM PR AS FOLLOWS:

MIAMI, FL--(Marketwired - Apr 3, 2017) - Omni Health, Inc., ( OTC PINK : OMHE ) a cannabis and biotech pharmaceutical company, specializing in health and wellness products utilizing cannabis and biotech engineering, filed a Form 8K today to inform its shareholders of the restructuring of OMHE. Andrey Soloviev, the company's Chief Executive Officer and Chairman of the Board has converted 556,890,449 shares of common stock into 5,600,000 Series A Preferred Stock. In addition, 50,000,000 shares of common stock are to be converted into 5,000,000 shares of Series B Preferred Stock by several large shareholders. The actions reduce the outstanding common stock of OMHE by 62% to 368,938,292 shares of common stock.

Mr. Soloviev stated, "Recognizing the continued evolution of our anti-aging cream business, and our strategy to grow and enter into the cannabis and biotech platforms, we conducted a thorough review of our corporate structure to optimize our support of both existing and future operations." He went on to say, "This conversion of common stock to preferred stock benefits our shareholders. This allows our shareholders the ability to look into the future without concern of dilution from these shares being available to be sold into the market."