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Thursday, July 12, 2007 11:32:13 AM
Appletree Capital Ltd. Announces Turnaround Situation with Winsted Holdings and New Management
Northfield--(BUSINESS WIRE)—Winsted Holdings, Inc. (Pink Sheets:WNSH – News) announces new management and updates the market.
New CEO and President Francis Manzo stated, “My objective with the new Winsted Holdings is a turnaround situation to create true shareholder value for the investing public. I also want to make it perfectly clear that Mark Ellis is no longer related or involved with the company. Furthermore there are currently around 4 billion shares outstanding of which roughly 90% are now owned by Appletree Capital Ltd. leaving the true float to be around 400 million shares.”
Winsted Holdings is in the process of changing from a Florida corporation to a Delaware corporation in order to take advantage of several key aspects. We are also designing and developing a new website for our shareholders. The company and Appletree Capital are also in review stage for reverse merger candidates.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as WNSH or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Contact:
Appletree Capital Ltd., Northfield, IL
Francis P. Manzo III, President, 847-441-1822 http://www.winstedholdings.com/ info@appletreecapital.com
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