Here is the latest... No more GOTV...
These are the facts, not much can be done about it, but the facts anyway.. best we can hope for is a class action lawsuit to buy back these shares based on the result of Chris trial.. SCFR is basically washing thier hands of GOTV and the possible legal implications.
Still don't understand how SCFR can legally drop the GOTV, since it was already approved through SEC? it is not the stockholders fault for Chris's actions???
Security First International Holdings Inc. Announces Change in Officers and Cancellation of GOTV Deal With Atlantis Technology GroupFor Immediate Release
OKLAHOMA CITY/EWORLDWIRE/July 6, 2011 --- Security First International Holdings Inc. (Pink Sheets:SCFR) is announcing the appointment of Alvin Holt as the new CEO and president of SCFR. Mr Holt has decided the company needs a new direction and is implementing a new business model that will help Security First International Holdings grow and protect and increase shareholder Value.
"With this new business model, GOTV no longer fit into the direction we intend to follow," stated Mr Holt. "Therefore, by mutual agreement with Atlantis Technology Group, the GOTV subsidiary is hereby returned to Atlantis Technology Group, and all shares held by Security First International Holdings have been returned to Atlantis Technology Treasury."
Mr Holt, serving as production enhancement officer, helped develop and design well head controllers and invented two down hole tools that are still used today in applications in the oil business. He assisted in taking a start-up independent oil company and turned it into a $15 million company . Having done work with Chesapeake Oil, Marathon and many independent oil companies in the 15 years spent in this area, Mr. Holt has the expertise to lead the new direction of the company.
Further updates on potential acquisitions and new product ideas are to be forthcoming, and information will be released as soon as these additions are in place.
About Security First International Holdings
SCFR has changed its business model to move into new areas. New technology is the future, and SCFR will be part of that future. SCFR will be bringing forth the newest advances in technology and products. Security First International Holdings Inc. is a worldwide investing, developing, creating, marketing company of new technology which concentrates its focus on businesses in the following sectors:
- New product development and/or existing product enhancement.
- New technology advancement in the gaming and media Industry.
- Patent and idea development with inventors needing assistance to market and develop their ideas.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking information. Statements that are not descriptions of historical facts are forward-looking statements provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. These statements are made to enable a better understanding of our business, but because these forward-looking statements are subject to many risks, uncertainties, future developments and changes over time, actual results may differ materially from those expressed or implied by such forward-looking statements. Examples of forward-looking statements are statements about anticipated financial or operating results, financial projections, business prospects, future product performance and other matters that are not historical facts. Such statements often include words such as "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions.
These forward-looking statements are based on the information that was currently available to us, and the expectations and assumptions that were deemed reasonable by us, at the time the statements were made. We do not undertake any obligation to update any forward-looking statements in this report or in any of our other communications, except as required by law, and all such forward-looking statements should be read as of the time the statements were made, and with the recognition that these forward-looking statements may not be complete or accurate at a later date.
