It is with great reluctance that I write this letter on the state of DigSound, Inc. Â Following an internal strategic planning meeting in late January, DigSound has agreed to be sold.
The majority shareholders are acquiring the assets of the Company and continuing with the current management to build out the VR24/7 platform in a privately held company, Veronica Rose Productions. As a private company, VRP is extremely confident in raising the Venture Capital it needs to continue forward with monitoring music in the major broadcast markets.
Every shareholder of DigSound will be presented with the same options: Transfer your current shares for minority ownership into VRP or keep your DigSound stock and a new public company will resume operations, in which your stock can be converted.
Should you decide to remain with us, we sincerely appreciate your continued support and I shall include detailed instructions for you to transfer stock into VRP shares. If you decide to convert your shares to the new public entity, we want to thank you for your loyalty and wish you the best for the future.Â
In order to move to Veronica Rose, you will need to take action. If you do not, you can wait to convert you shares into the public company. Shares in VRP will be held in escrow in your name for the legal time limit required by Nevada State Law or until we receive verification of a returned stock certificate or DTC transfer.
2008 holds many promising opportunities for us that we believe we can capitalize on with renewed energy, fresh ideas and a more focused vision for moving our company forward and creating true value.
If you have any questions, please feel free to contact me at 310.849.7667. Again, I personally thank you for your continued support.
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