Sebastian River Holdings, Inc. Launches Regulatory Compliance and Liquidity Initiative
October 11 2012 - 11:33AM
Marketwired
Sebastian River Holdings, Inc. (PINKSHEETS: SBRH) is pleased to
announce the Launch of Regulatory Compliance and Liquidity
Initiative. After achieving the goals outlined in the Shareholder
Communications Initiative, the Board of Directors and Management
has put into action the Regulatory Compliance and Liquidity
Initiative encompassing the following:
- Engagement of reputable accountancy providing PCAOB (Public
Company Accounting Oversight Board) auditing service to
independently examine Financial Statements in order to become
eligible for QB/BB status as a SEC Reporting Issuer.
- Aggressively seek out and eliminate issued securities and
purported long-term liabilities of which the holders have no
ability to demonstrate consideration paid for said securities.
- Engage specialized Legal Counsel to assist in compiling
documentation and obtaining our Common Stock's eligibility to be
settled on the DTCC's T+3 settlement system.
- Establish relationships with compliance departments at the five
top-tier discount brokerages in order to facilitate necessary
information to commence trading of our Common Stock, thereby
increasing market liquidity and shareholders' ability to more
freely trade our Common Stock.
- Engage a reputable Investor Relations firm to monitor market
activity and report results to Management with key suggestions in
increasing awareness and lowering market volatility in order to
obtain a truly relative market cap.
- Engage an independent firm to provide valuations of Corporate
Assets for transparent reporting of our subsidiaries' and portfolio
holdings' market value.
"We are pleased with the abilities of our team and shareholders,
I believe our company is undervalued due to these encumbrances and
with the help of the professionals that we have been communicating
with, we can prove Sebastian River's value to shareholders' and
prospective shareholders alike," Mr. Benjamin, CEO and Chairman
said. The Resolution adopting the initiative was executed early
October 11, 2012 by the Board of Directors.
About Sebastian River Holdings, Inc.
Sebastian River Holdings, Inc. (a C-Corp formed under the Laws
and Jurisdiction of Florida), founded in 1995, is a
well-diversified holding company with a scope and experience level
unsurpassed by peer companies. Operating under three major
divisions: Corporate Equity Speculation & Financing, Business
Incubation, and Business Services, Sebastian River Holdings is a
business development centric holding company. Shareholders can now
subscribe to our Shareholder Newsletter, you will receive press
releases at the time it hits the wire and other important
shareholder announcements.
Forward-Looking Safe Harbor
This Press Release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission and/or OTC Markets Disclosure & News
Service. The company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact: Sebastian River Holdings, Inc. Investor Relations
Telephone: 424-258-0167 Facsimile: (424) 258-9458 Website:
http://www.SBRHInc.com Email: Email Contact
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