Dakshidin Corporation Caps Outstanding Shares
October 20 2010 - 10:00AM
Marketwired
Acting president John Alexander van Arem announced today that
Dakshidin (PINKSHEETS: DKSC) has introduced a company policy
effectively capping the outstanding shares of the corporation at
725,000,000 shares. This figure is inclusive of any funds required
to submit filings, basic operational expenses and several business
opportunities, details of which will be forthcoming once legalities
are completed.
"Despite an authorized share capital of 1,000,000,000 (one
billion) the company will not increase the number of outstanding
shares past 725,000,000 without first explaining to shareholders
the justification for an increase," according to Mr. van Arem.
This policy will effectively demonstrate that the company is
taking necessary steps to increase shareholder value.
Shareholders should "stay tuned" in order to be sure they are
fully informed and up to date as there is much more to follow in
the coming weeks and months.
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
Dakshidin (PK) (USOTC:DKSC)
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