Reed Holdings Corporation Announces Reduction of Common Shares Issued and Outstanding
Friday January 2, 11:43 am ET
WERNERSVILLE, Pa.--(BUSINESS WIRE)--Jan. 2, 2004--Reed Holdings Corporation (Other OTC:RDHC - News) is pleased to announce that it has reduced the Company's total number of shares issued and outstanding to 25,379,159. The company plans to continue evaluating methods for aggressively increasing shareholder value. The Company has also, formally relocated its corporate office to the historic hotel property, located at- 5 Pennsylvania Avenue, Wernersville, PA 19565. The Hotel is owned and operated by Mountain Top Associates Inc. a wholly owned subsidiary of Reed Holdings Corporation. Mountain Top Associates, Inc. is actively engaged in the acquisition and liquidation of distressed and undervalued real estate.
Reed Holdings Corporation focuses on identifying, acquiring, and managing undervalued assets. The goal of the company is to increase shareholder value through superior investment, marketing, and operations. Through direct and indirect ownership of a diversified group of businesses that generate cash and above average returns on capital, RDHC strives to maximize its intrinsic value and provide its shareholders with a strong reliable investment.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's operations, imprecision in estimating product reserves and the Company's ability to replace and expand its real estate interests. Reed Holdings Corp. assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.
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