Friday, November 06, 2009 2:23:17 AM
Nashville Records (NRCD) Discusses Recent Events
Due to a default in a reverse merger with WLTK in 2008, Nashville Records has rescinded the agreement with Welltek and the corporate shell has been returned to Nashville Records, Inc.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Nov 05, 2009 – A new symbol has been issued but the company will likely let the shell lay dormant while it searches for opportunities with potential companies for growth potential. The new symbol that has been issued is NRCD.
Both parties (Welltek and Nashville Records) have agreed to a “non-disparaging statements agreement” therefore the company will provide no further information on WLTK.
The Company feels the original NSHV investors and the corporation suffered much loss in the original NSHV deal and therefore is committed to finding the right company in which to facilitate a potential reverse merger but this could take time in searching and due diligence. The Company would like to assemble an advisory board made up of past key investors to discuss potential companies and opportunities on a monthly or possibly bi-monthly basis and will update investors as needed
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