Sharp Holding Seeks Alternative to Reverse Split
COTTAGE GROVE, Tenn., Aug 23, 2010 /PRNewswire via COMTEX/ -- Cooper Holding Corp. (Pink Sheets: SHAR), currently trading as Sharp Holding Corporation, a publicly traded holding company engaged in the wholesale and retail sale of a diverse line of outdoor products, announces its plan to review alternatives to doing a reverse split as well as bring the reporting on the OTC Market website current.
Cooper Holding Corporation's Board of Directors is currently reviewing alternatives to doing a reverse split. Under consideration is the decision to issue non-converting preferred shares for purposes of voting control. Conditions such as the recent stock decline due to the substantial short interest which the Company believes may exceed 100,000,000 shares, making up 75% of the current float, have brought about this decision.
In an effort to fully disclose all corporate activity to the shareholders, the Board has commenced its transparency program to bring the reporting status to current on the OTC Markets website. This will remove the stop sign and increase corporate transparency to the shareholders.
"We want our shareholders to recognize that Cooper Holding Corp is a fully operating company with an expanding range of outdoor products. Our goal is to create value for our base of long term shareholders who recognize our growth potential in the outdoor market. To do this the shareholders need to be continuously informed of the Company's activities," - Dan Cooper, President
Media contact:
Dan Cooper
O: 866-972-5463
F: 731-782-3332
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently.
SOURCE Cooper Holding Corp.
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KEYWORD: Tennessee
INDUSTRY KEYWORD: REA
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