KENNESAW, Ga., Friday, February 24, 2006/ -- Conversion Solutions, Inc. (OTC: CVSU) announces today that its Board of Directors have approved and signed off, on our SB-2 filing.
"The Audited financials gives the Corporation a Book value of $6.22 per share issued. This is what we have been working for, and the excitement now begins. The company has 43,478,260 shares issued and $270,351,140 in shareholder equity and plans to release 9 millions shares to the market." stated Rufus Paul Harris, CEO
"Now that our SB-2 has been signed off on and is being sent to the SEC Attorney for filing, I will immediately start reviewing our Subsidiaries and JV Corporation's operational plans to prepare for fund distribution from originations. The company's attention will now turn to the S-3 filings for the Asset Backed Securities the company plans to release." Stated Ben F. Stanley, COO