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NEWS !! 1hr AGO - !! Winsted Holdings Creates New Subsidiary, Announces First Spin-off
Thursday August 2, 11:07 am ET

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NORTHFIELD, Ill.--(BUSINESS WIRE)--Winsted Holdings, Inc. (Pink Sheets:WNSH - News) Creates new subsidiary, announces spin-off shares.

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President and CEO Francis Manzo announced the creation of subsidiary Winsted Acquisition I, Inc. as a Nevada corporation. The new subsidiary will acquire and initiate companies related to the food and beverage industry. As part of the corporate plan the Company intends to distribute shares of the new subsidiary to current shareholders. Shares distributed will be on a pro-rata basis under Rule 144. The Company intends to distribute shares in the subsidiary at a share ratio to be determined. The dividend date is yet to be determined. The Company will begin the necessary regulatory filings to begin the process of the spin-off.

Winsted Acquisition I, Inc. will be spun off from Winsted Holdings Corporation as a separate corporation and will file a 15 (2) 2-11 upon the spin-off in order to achieve trading status.

Winsted Acquisition I, Inc. intends to look immediately for acquisition candidates in the food, natural food and beverage markets.

"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/
[e-mail]

Source: Winsted Holdings, Inc.