Sebastian River Holdings, Inc. Enters Into an LOI for a $152,110 Equity Purchase Agreement, Reports Debenture Portfolio Earni...
10 Agosto 2012 - 5:30AM
Marketwired
Sebastian River Holdings, Inc. (PINKSHEETS: SBRH), a diversified
financial holding company, today announced the Company has entered
into a letter of intent ("LOI") for acquisition of a publicly
traded equity portfolio valued at $152,110.00 (USD). The equity
purchase agreement or "EPA" is to be finalized in a definitive
agreement within 30 days and subject to customary terms and
conditions. "This addition to our portfolio adds substantial
balance in diversification to our debt holdings with the purchase
to be structured at a substantial discount," said Dan Benjamin,
CEO.
The Company's Corporate Equity Speculation & Financing
Division has reported a return of $24,657.53 in gross interest
yielded by the high-interest bearing debenture portfolio and with
the impending acquisition of Trading Desk operations, the Division
will be capable of facilitating extraordinary returns on defaulted
notes due to the convertible nature of the debentures. "These
debentures have continued to return a high rate of interest and
will generate this high yield for many more months," Mr. Benjamin
comments.
Mr. Benjamin continues, "I would like to take this opportunity
to address our Shareholders; we have received many inquires about
the Company's share structure and public filings. Foremost, the
Company has not changed the share structure and does not intend to
change that indefinitely, this includes any Reverse Stock Splits or
Authorized Share Increases. We (the Company) intend to have the
Current Information tier reached by filing an Initial Company
Information and Disclosure Statement and Attorney Review, providing
two years of financial statements no later than sixty days from
this release, with a more likely time frame of one to two weeks
barring any extenuating circumstances."
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. 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.
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Contact: Sebastian River Holdings, Inc. Investor Relations
Telephone: 424-258-0167 Website: http://www.SBRHInc.com Email:
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