LAS VEGAS, Feb 1, 2012 /PRNewswire/ -- Security First
International Holdings (OTC: SCFR.PK) - - The President of SCFR,
James Scheltema, has decided to
contribute 250 million shares back to SCFR, making them treasury
shares. These shares will reduce the number of outstanding
shares. If necessary, they are available for acquisitions or
to fund company operations. The return of shares shall be
made in two equal increments, today being the first, for 125
million shares.
Between cancelling more than 853 million shares issued by
Christopher Dubeau and prior
management to Global Online Television announced yesterday and the
return of another 250 million shares by the CEO this morning, more
than half of the authorized shares of the company have been
returned to the treasury. This on-going effort by Mr.
Scheltema to reduce the number of outstanding shares shows a belief
in the growth of the business and continues Mr. Scheltema's efforts
to increase shareholder value.
Mr. Scheltema says that "the success of the company is more
important than the greed so prevalently displayed by corporate
management these days. It is critical to gain shareholder
confidence and this demonstrates placing the shareholders'
interests above my own. It is yet another step in the right
direction."
Instructions to cancel the shares in question will be sent to
the transfer agent within ten days of this announcement.
About Security First International Holdings
Security First International Holdings is a holding company
implementing a new business plan to develop, acquire and market
video game titles for the major platforms including Microsoft's
Xbox, Sony Playstation as well as PC, Android and iPhone. The
company is currently in the process of building management and a
web presence to continue with its plans to attract and market video
games for the above mentioned platforms.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Security First
International Holdings to be materially different from the
statements made herein.
Investor Relations
Security First International Holdings
investorreleations@securityfirstholdings.com
SOURCE Security First International Holdings
