Kidsational Inc. Works Towards Regaining Shareholders' Confidence Monday December 22, 4:30 pm ET
LOS GATOS, Calif., Dec. 22, 2008 (GLOBE NEWSWIRE) -- Kidsational Inc.'s (Other OTC:KDSC.PK - News) Chief Executive Officer Eric Stratton Racheff released the following statement:
ADVERTISEMENT ``Since taking over as Chief Executive Officer this month, my first target has been to regain the confidence and belief of existing shareholders, then to instill that same confidence and belief into new and possible shareholders. It was decided that it was needed to be done on an immediate basis, so I decided in this effort to increase shareholder value I will be cancelling 25,000,000 of my personal shares to reduce the number of outstanding shares and add value to others.
``It is the company's intention to have the name change and ticker change executed in the middle of January of which the share cancellation will take place at the same time.
``Also in January our new board of directors will be taking shape with some very creative and assertive professionals.
``We wish everyone a Happy Holiday Season!''
Everyone at Seaway Valley Capital Corp. wishing you a Happy Holiday!