Smart Holdings, Inc. (SMHS) Comments on DTCC Stock Chill
14 Novembre 2011 - 3:00PM
Business Wire
Smart Holdings, Inc. (SMHS.PK), announced today that the Company
has been aggressively trying to remove a DTC chill order placed by
the DTCC back in June. The ‘chill order’ means that the Company’s
stock cannot be transferred using DTC brokers, limiting them from
freely trading the company stock without hurdles resulting in
shareholders inability to buy or sell stock in the open market. No
notice or explanation was received prior to the chill or after the
chill was put in place; a move which has clearly damaged investor
confidence.
The Company reported calling the DTCC numerous times and hired
two different attorneys who also could not get any answers. The
Company spoke to seven different representatives at the DTCC who
could not give any reason or information regarding the chill order.
The Company said all efforts are being made to determine the cause
so they can resolve the issue.
In other news, the Company is revising its Prescription RX
website with a whole new look. The recent TV and newspaper campaign
produced hundreds of leads and they have hired an SEO company to
help gain page ranking.
About Smart Holdings, Inc.
Headquartered in Marietta, GA, Smart Holdings, Inc., through its
wholly owned subsidiary, Assurance Group Direct, is in the business
of selling automotive extended service plans and health care plans
on a nationwide basis. Products now being sold include Prescription
Medication Savings Plan and the Dental, Vision, Hearing and
Chiropractic savings plans. The company is marketing directly to
consumers through national television, Internet and other mass
medias including social networking.
For more information, please visit:
www.smartholdingsinc.com,
www.assurancedirectrx.com or
www.assurancegroupdirect.com
Forward Looking Statements
This press release includes statements that constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Reform Act"). Smart
Holdings, Inc. claims the protection of the safe-harbor for
forward-looking statements contained in the Reform Act. These
forward-looking statements are often characterized by the terms
"may," "believes," "projects," "expects," or "anticipates," and do
not reflect historical facts. Specific forward-looking statements
contained in this press release include, but are not limited to:
our successful integration of diversified growth companies, impact
of the company's expansion plan, and new business development
success, future financial results, development and acquisition of
new product lines and services, the impact of competitive products
or pricing from technological changes, the effect of economic
conditions and other uncertainties.
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