Caddo Apologizes to Shareholders and Updates the Market
OIL CITY, LA -- (Marketwire) -- 07/08/09 -- Caddo International, Inc. (PINKSHEETS: CADD) announces update to its shareholders. Mr. Taylor, President of Caddo International, stated, "I was shocked at the stop trading order issued by the SEC. Caddo was a reporting company and is working toward becoming current."
Mr. Taylor also went on to state, "I have been working diligently for Caddo and its shareholders to acquire another company in order to expand into the construction and road industry. I am also pleased to state that negotiations are going well."
Furthermore the company has been working with Mr. Frohling, the Company's SEC attorney, to get everything in order, other than financials, that the SEC or PinkSheets might be asking for in the near term. The first time Mr.
Taylor was aware of a problem was less than a month ago. He and others in the office have been double checking all the records so as we can either resume reporting or become a PinkSheet trading company.
Mr. Taylor commented, "I again apologize to the shareholders because my first task coming on board in this incestuous time was to increase cash flow. I had not received any notice that other paperwork was needed or I would have forwarded it to the SEC and to Mr. Frohling immediately."
We are working non-stop to get CADD.PK trading as soon as possible and look to keep the market fully updated.
Caddo is a provider of products and services to the Oil and Gas industry, integrating products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions.
Caddo has approximately 15 employees and has successfully been in business for over 40 years. Caddo intends to continue to expand its customer base while continuing to increase the depth and scope of the services it provides.
Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Caddo International, Inc.
Dave Taylor
President
(318) 995-0404
Email Contact
Blazer Consulting
Jimmy Davis
(281) 736-5296
Email Contact
www.caddoind.com
