SNM Global Holdings Issues Update
29 7월 2011 - 1:01AM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) is a holding and development
company that invests, acquires and develops Sports/Entertainment
Properties, Intellectual Property Assets and Operations in various
industries such as Alternative Energy, Sports/ Entertainment and
IT/Social Media/Technology sectors.
To All of Our Shareholders:
"Last Thursday, a press release was issued on behalf of our
company and statements were made of a new business plan and new
management. These statements are incorrect and I have taken all the
necessary steps to resolve this situation and I am confident that
all parties will realize reality as was stated in the January 11,
2011 press release that I acquired the Preferred Series 'A' that
votes 50.1% no matter how many common shares are issued and
outstanding. The Preferred Share designation has been in effect
since 2006 and continues through today. Indeed, the prior owner
took an action before the sale to increase the authorized shares
using a Consent of Shareholder predicated on this designation. Our
counsel has informed us that no such action may be taken by
Shareholder Consent because of various components of Nevada State
Corporate Law.
"As stated in the previous release -- Please note that
discrepancies from April-October 2010 will not be honored and all
necessary actions will be taken to recover two billion shares that
we believe were improperly issued by prior management.
"I am also in talks for additional acquisitions and will have
announcement in the coming weeks.
"I was well aware of the challenges when I entered into this
deal and I want to thank all of the shareholders for your patience
as we continue with the execution of our business plan."
David LaFave President SNM Global Holdings
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 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 to be materially
different from the statements made herein.
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David LaFave President SNM Global Holdings Email Contact: Email
Contact 702-509-5003
SNM Global (CE) (USOTC:SNMN)
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