Blue Diamond Ventures Inc. (BLDV) Cancels Reverse Split and
Lowers Authorized Shares by 1.2 Billion
Plano, TX -- July 21, 2015 -- InvestorsHub NewsWire -- Blue
Diamond Ventures, Inc. -- announced today it has canceled its
previously communicated 1:7 reverse split, concluding, after
careful consideration, that its most recent decision would be in
the best interest of the company and its shareholders.
The Board of Directors of Blue Diamond Ventures, Inc. (BLDV),
along with canceling the reverse split, voted to reduce its
Authorized Share Count by 1.2 billion shares to 5.8 billion shares,
down from 7 billion.
The company, in rendering the above mentioned decisions, also
determined that the prior merger between Blue Diamond Ventures,
Inc. and Green Growth Holdings, Inc. will be undone and the
following changes have been put in place:
1) Blue Diamond Ventures, Inc. has
been re-instated in the State of Nevada and will become a parent
company. Under this newly devised corporate structure, Blue Diamond
Ventures, Inc. will operate as a management Consultant Company and
Equity Finance company, working with all levels of businesses
across varying market segments.
2) Green Growth Holdings, Inc. has
become a wholly owned subsidiary of Blue Diamond Ventures, Inc.
3) Mr. Cleve Tsai will remain as
CEO of both Blue Diamond Ventures, Inc. and Green Growth Holdings,
Inc. The necessary paperwork to effectuate this change has been
filed with the Secretary of States Office in Nevada. The Nevada SOS
website should reflect this change soon.
Blue Diamond Ventures, Inc. offers startup companies much more
than just equity financing. Our experience provides services
ranging from corporate formation to sales and marketing. Our
knowledge and abilities to provide sound corporate governance and
guidance are as diverse as the industries and market places we
operate in. Through a vast network of strategic partnerships,
public and private alliances and real world practical business
experience Blue Diamond Ventures, Inc. is a valuable resource to
companies in all stages of development.
The new website for Blue Diamond Ventures, Inc. can be seen by
visiting www.bldvinc.com. The company expects to retain its OTC
Market Current Status by having its 2nd quarter filings submitted
prior to July 30, 2015.
Green Growth Holdings, Inc. will continue to build its ECO
System business operational model by seeking opportunities within
the green agriculture industry to include cannabis and hemp
cultivation, products and services.
Safe Harbor:
This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks,
assumptions and uncertainties that could cause the Company's actual
results to differ materially from those projected in such
statements. Forward-looking statements speak only as of the date
made and are not guarantees of future performance. We undertake no
obligation to publicly revise any forward-looking statements.
Contact:
Blue Diamond Ventures
Cleve Tsai
(972) 665-9822
info@bldvinc.com