DALLAS, Feb. 10, 2015 /PRNewswire/ -- Today, Concordis
Group, Inc. (OTC Markets:CNGI) makes three major announcements:
1) Acquisition of GC Blackstone, Inc. GC Blackstone
www.gcblk.com now a wholly owned operating subsidiary of Concordis,
is a builder and developer of commercial and residential
properties, which have included hotels, medical facilities, retail,
restaurants, town homes and custom single family residences.
2) Chairman Trent Sommerville
appointed Joseph Donahue as the new
Concordis Chairman in a change of control merger. Mr. Sommerville
is working with the new board to assist in business development and
marketing the re-structured company.
3) Concordis Group www.concordisgroup.net has moved its
corporate headquarters to Dallas
and the public entity OTC:CNGI has re-positioned with the merger to
become a holding company for acquiring and growing profitable
companies that will be held as operating subsidiaries of the
Concordis Group.
Shareholders of CNGI will receive new share certificates
reflecting the 10 to 1 reverse split affected with the GC
Blackstone merger. For information on obtaining the new share
certificates please contact the Transfer Agent, Rhonda Singleton at:
rsingleton@corporatestock.com.
The trading symbol "D" added to the CNGI symbol designates a
post share split stock, the trading symbol will change back to CNGI
from CNGID on or near February
16.
The new Concordis Group board of directors is structuring the
company to apply for trading on the American Stock Exchange,
recently re-named the NYSE:MKT after being acquired by the NYSE.
The board is projecting the NYSE:MKT listing and share offering to
be completed by the first quarter of 2016.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/concordis-group-and-gc-blackstone-merger-news-release-300033158.html
SOURCE Concordis Group, Inc.