Conversion Solutions Holdings (fka CSHD)

[t1215s]

Conversion Solutions Holdings Corp Updates Shareholders
KENNESAW, Ga., Aug. 18 /PRNewswire-FirstCall/ -- Conversion Solutions
Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces
that during the 10-K filing process the following current events have taken
place.
CSHD would like to announce the signing of a Global Funding Agreement
with the Humanitarian & Scientific World Foundation, LTD a Georgia LTD
Foundation. The Foundation's Co-Operators are Adnan Sakli FD# 8216 and
8217, Craig M. Cason and Steven Canady.
The funding agreement brings a 450 Million Euro ($579,149,833 USD
converted) denominated Note on Lehman Brothers Holdings PLC with a 6 1/8%
coupon to CSHD's Asset Back Management facility. (The MTN holds an S&P,
Fitch, and Composite A+ rating with a Moody's A1 rating).
The bond is loaded in the systems with the following codes:
Lehman Brothers Holdings PLC 6 1/8 A+
Common Code: 010924251
ISIN: XS0109242510
BB Number: EC2377199
"With the addition of this Asset to the corporation, we are now looking
at a new justifiable reorganization release price of $25.63, up $10.63 from
the original estimated $15.00 per share ($12.81 Book X 2). The exact number
will be disclosed in the SEC filings," stated Rufus Paul Harris, CEO.
About Conversion Solutions Holdings Corp
CSHD is a diversified holdings corporation, which was formed to
originate, fund and source funding for asset-based transactions in the
private market. CSHD's main service will be to acquire, fund and provide
insurance to target companies in the currently underserved $15,000,000 to
$100,000,000 asset finance market. Our funding will enable our businesses
to compete more effectively, improve operations and increase value. CSHD is
headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more
information, please visit us at http://www.cvsu.us.


SOURCE Conversion Solutions Holdings Corp

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Related links:

http://www.cvsu.us