Dakshidin Corporation Realigning for 2010
December 23 2009 - 5:01AM
Marketwired
Dakshidin Corporation Update (PINKSHEETS: DKSC)
Interim CEO and President John Alexander van Arem has announced
that the Dakshidin Corporation is working toward a resolution to
try to cure the delinquency in the agreement between Dakshidin and
RESTEC Inc. Restec has granted Dakshidin an extension till January
31, 2010 to cure the default.
"It is understandably difficult to complete anything quickly at
this time of year however, in January we will have had time to
review all the options and determine the new path that RESTEC and
Dakshidin will take into the future."
Dakshidin Corporation has been delayed in meeting its targets
including completion of the contractual obligations to RESTEC as
well as the audit, as a result of problems with raising funds based
on the ongoing economic conditions.
Dakshidin will issue an official press release in the latter
part of January 2010 so as to inform the shareholders of progress
made during the interim and advise them of how the company will be
moving forward. No communications will come via IR (both email and
our IR number) until the above mentioned press release is issued by
the company in January.
Forward-Looking Statements: The information in this press
release includes certain "forward-looking" statements within the
meaning of the Safe Harbor provisions of Federal Securities Laws.
Investors are cautioned that such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties, including
the future financial performance of the Company. Although the
Company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance
that such expectations or any of its forward-looking statements
will prove to be correct. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of
the date of this release, and the Company undertakes no obligation
to update publicly any forward-looking statements to reflect new
information, events, or circumstances after the date of this
release except as required by law.
Dakshidin Corporation John A. van Arem 1-888-250-6601
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