JUST THIS AS FAR AS I KNOW ,U CAN CALL MIKE KING FOR MORE INFO GreenParts International Inc. Announces Increased Share Authorization
ATLANTA, GA / ACCESSWIRE / December 24, 2015 / GreenParts International, Inc. (OTC: GNPT) filed a 14(c) to increase the amount of shares authorized on December 23, 2015.
Asif Balagam, GreenParts International President, stated, "This authorization increase is integral to our strategic planning for refinancing our current debt structure and further improving our additional vertical market expansions that helped the company to profit in the third quarter. While the Company anticipates only minimal interim issuances to meet current working capital needs, we are principally taking this action to both meet reserve requirements of current note holders, and to create latitude to enable us to continue our vertical activities and expansion by completing several targeted potential acquisitions that we anticipate over the coming year."
Balagam added, "Some shareholders may view this action as a potentially dilutive and a devaluation, however, we believe there are many valuable benefits to our shareholders. We believe the ultimate benefits to shareholders could include an increase in our book value based on acquisitions and expanding our operating revenues, liquidity, and profitability."
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
For more information please call:
Mike King
702 650 3000
SOURCE: GreenParts International, Inc.
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