MHII (.007) Insiders Cancel Two Billion Shares of Common Stock
Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 05/23/07 -- The board of directors of Marshall Holdings International, Inc. (OTCBB: MHII) announced that on June 4, 2007, the company will retire two billion shares of common stock held by management. As a result of the shares being canceled by the insider group, the company will have 202 million shares of common issued and outstanding.
President Rick Bailey said, "The Company has reached an important mile stone in its efforts to achieve a substantial profit in 2007. The intention of the board of directors is to provide a stock structure that is in conformity with Wall Street standards which will allow analysts and share holders to evaluate the company in terms of market cap and price earnings ratios."
President Bailey further stated, "The reduction of the common shares only affects the insider group and has no negative consequence to the remaining shareholder base. As a result of the restructure, I'm pleased to announce to our shareholders that the company earned 0.0031 per share for the quarter ending March 31, 2007 or 0.0124 per share on an annualized pro forma basis. Hopefully the market will reflect the restructuring of the common shares and the positive earnings in the first quarter."
Additional information can be found at: www.marshalldc.com or www.mhii.net
FORWARD-LOOKING SAFE HARBOR STATEMENT
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that MHII may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.