PHOENIX, June 24, 2015 /PRNewswire/ -- American
Housing Income Trust, Inc. ("AHIT" or the "Company") (OTC: AFFWD)
today announced the completion of a 1-for-1,000 reverse stock split
of issued shares of AHIT common stock. AHIT stock has begun
trading on a split-adjusted basis on the OTCBB market under the new
temporary Ticker Symbol AFFWD. AFFWD is an
assigned temporary symbol by FINRA. In twenty business days,
the symbol will be permanently changed to AHIT.
About American Housing Income Trust, Inc.
Through its wholly-owned subsidiary, American Realty Partners,
LLC, the Company currently holds title to 34 residential
properties. AHIT acquires, renovates, leases and manages primarily
single-family residential properties, and engages in such other
activities as are reasonably incidental to the foregoing. More
specifically, AHIT intends on engaging in the business of
purchasing real estate for the purpose of making cosmetic changes,
repairs, and other enhancements in order to increase the value of
the properties, and then rent such property to tenants. AHIT
intends to take all the necessary steps to qualify as a real estate
investment trust ("REIT") under the Internal Revenue Code, as
amended, and pursuant to the applicable Maryland statutes. However, no assurance
can be given that it will qualify or remain qualified as a
REIT.
Forward Looking Statement
This press release contains forward looking statements.
Although management believes that the assumptions underlying the
forward looking statements included in this filing are reasonable,
they do not guarantee our future performance, and actual results
could differ from those contemplated by these forward looking
statements. The assumptions used for purposes of the
forward-looking statements specified in the following information
represent estimates of future events and are subject to uncertainty
as to possible changes in economic, legislative, industry, and
other circumstances. As a result, the identification and
interpretation of data and other information and their use in
developing and selecting assumptions from and among reasonable
alternatives require the exercise of judgment. To the extent that
the assumed events do not occur, the outcome may vary substantially
from anticipated or projected results, and, accordingly, no opinion
is expressed on the achievability of those forward-looking
statements. In the light of these risks and uncertainties, there
can be no assurance that the results and events contemplated by the
forward-looking statements contained in this filing will in fact
transpire. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates. We
do not undertake any obligation to update or revise any
forward-looking statements. Please refer to AHIT's Annual Report on
Form 10-K filed with the United States Securities and Exchange
Commission (the "SEC") for the year ended January 31, 2015, and subsequently filed reports
with the SEC for further information.
Contact:
Office: (623) 551-5808
Fax:(623) 551-5830
34225 N. 27th Dr. Bldg 5, Suite 238
Phoenix, AZ 85085
info@AHITrust.com
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SOURCE American Housing Income Trust, Inc
