Security First International Holdings, Inc. Has Completed an Asset Purchase Agreement With Global Online Television Corporation
11:10a ET September 14, 2010 (Market Wire)
Security First International Holdings, Inc. (PINKSHEETS: SCFR) has completed an asset purchase agreement with Global Online Television Corporation for 42,661,002 common shares of Security First International Holdings, Inc. in exchange for all of the assets of Global Online Television Corporation.The asset purchase was completed on Sept.14th it has already been done.
2nd The common shares of Security First International Holdings, Inc. that Global Online Television Corporation has received will be issued as an equal distribution dividend to Global Online Television Corporation shareholders in exchange for their Global Online Television Corporation shares.
The upcoming forward split for Security First International Holdings, Inc. of 1 for 20 will be in effect for the Global Online Television Corporation shareholders. The 42,661,002 common shares of Security First International Holdings, Inc. that Global Online Television Corporation has received from this asset purchase will become 853,220,440 after the completed forward split.