Liberty Diversified Holdings, Inc. Issues Clarification of Earlier Release and Reports Major Advancements Toward Corporate Objectives
Monday April 9, 2:13 pm ET
ORANGE, Calif., April 9 /PRNewswire-FirstCall/ -- Liberty Diversified Holdings, Inc. (OTC Bulletin Board: LDHI - News) released a statement this afternoon clarifying a press release issued earlier this morning which stated that the Company was actively investigating the possibility of recent naked short selling of its stock and was taking aggressive steps to investigate.
Ron Touchard, Liberty's Chairman and CEO, stated, "In light of this morning's comments, we feel it is necessary and important to issue a clarification regarding the current status of our company's goals and accomplishments. As we stated earlier, we intend to aggressively pursue all available avenues to address and expose the naked short-selling that we believe has been taking place. Meanwhile, we will not allow this issue to distract us from moving forward with our company's near and mid-term goals. We have made great strides in the past few months and are pleased to report that our business fundamentals remain very promising and that we are on track or ahead of schedule with all developmental plans. A partial list of our accomplishments since December 2006 include ...
* Acquired Better Bodies, Inc. with CelluBike locations now in five
states;
* Acquired SeroTonin Solutions, Inc. and its worldwide licensing rights
to the Serotrim Weight Loss product;
* Secured a complete line of 16 top-quality health and nutritional
products, all of which are cross-referenced to a highly advanced
computer software printout of each client's systemic health needs;
* Obtained co-licensing rights to the current bestselling book "The
Serotonin Power Diet";
* Signed a letter of intent with an established company to market
Serotrim to all major Spanish-speaking markets in the world, including
U.S., Mexico, Spain, Central America and South America;
* Opened several new CelluBike locations; and
* Arranged to receive widespread media exposure for CelluBike and
Serotrim at national industry shows and on TV and radio, including
ABC's 'The View'.
We are also moving swiftly with our plans transform our company-owned CelluBike locations into complete Better Bodies Wellness Centers, and expect to release a detailed report on this very soon. In short, we are very pleased with our company's performance to date, on track with our company's goals and very optimistic both about our near and long-term future.