LAS VEGAS, Feb. 6, 2012 /PRNewswire/ -- Security First
International Holdings (OTC: SCFR.PK) — Following up on the
announcement made on February 1st,
the President of SCFR, James
Scheltema, has submitted the necessary forms to contribute
the second increment of 125 million shares back to SCFR, making a
total of 250 million shares contributed back to the corporate
treasury. These shares reduce the number of outstanding
shares and they raise every other shareholder's percentage stake in
the company. These shares are available for acquisitions or
to fund company operations.
On Jan. 16, there were
1,019,906,660 shares outstanding. There are now only
769,906,660 total shares outstanding. In the space of one
week, Mr. Scheltema has removed more than one-half of the
authorized shares from circulation (1,103,220,040 shares) by
cancelling the Global Online Television shares and contributing his
own to the company. These acts significantly alter the share
structure of the company to benefit SCFR's investors, which is now
as follows:
Authorized: 2,000,010,000 common shares @ $.0001 par value.
|
Total
Unrestricted
Shares:
|
12,437,440
|
|
Total
Restricted
Shares:
|
757,469,220
|
|
Total
Common Shares Outstanding:
|
769,906,660
|
Of the total amount outstanding, more than 98% of these shares
are restricted from trading. Only 12,437,440 of the
outstanding shares are freely trading.
Mr. Scheltema believes that "the most important thing management
can do is ensure that investors get a fair shake. By
eliminating the global Online Television stake and reducing my own
holdings, I have increased the shareholder's relative percentage of
ownership in the company." He hopes this belief in the
shareholders will be rewarded by investors' continued belief in
SCFR.
Please visit our new website at
securityfirstinternationalholdingsinc.com .
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:
investorrelations@securityfirstInternationalholdingsinc.com
SOURCE Security First International Holdings
