Reverse Merger in the making IFHR - Rino Human Resources!
Rhino Human Resources Signs an All Restricted Equity Agreement With CEO, Further Assuring the Company's Goals Are In-Line With the Shareholders
2012-02-02 08:05 ET - News Release
HOLBROOK, NY -- (MARKET WIRE) -- 02/02/12
Rhino Human Resources, Inc. (PINKSHEETS: IFHR) today announced that it has signed an all restricted equity deal with CEO Ray Barton to assure he stays at the helm and works diligently to negotiate the company's merger with the right entity. Until now, Barton was hired as CEO but collected no significant salary, and had no equity stake in the company. With the new agreement, Mr. Barton acknowledges the end game, and has a real stake in the result. Utilizing restricted shares also entices Mr. Barton to negotiate the best deal for the long term since restricted shares cannot be sold until prescribed time periods depending on several factors.
"Everyone felt that if I were going to negotiate the merger into another much larger entity, then I should stand to have something significant to gain," Barton stated. "Having the compensation be in restricted stock means I have to put together a deal that will still be here in a year, or two, or three and not a short term play which would not benefit me at all. I think it also shows my confidence in a merger taking place at all because why would I agree to compensation like this if I wasn't confident we would become extremely valuable?"
The deal also protects the company from dilution in some ways since more shares issued between now and the time the restriction ends would mean a drop in value of Mr. Barton's Equity. The company recently announced several steps that outline its goal to clean the books up, become fully compliant and reporting and ultimately merge into an entity that will bring in real shareholder value.
ABOUT RHINO HUMAN RESOURCES
Rhino Human Resources, previously INFE Human Resources, operates a wholly owned subsidiary, LoneStaffing, Inc., that consults businesses and helps them recruit commission only sales reps. Recently, management has decided to seek out a merger candidate in an emerging market to take the company to a higher level.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates,""believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
For more information Contact:
Rhino Human Resources
Investor Relations
1-877-571-6184
