Omni Ventures, Inc. to Publish Its DTC Records, Further Increase Transparency
29 Juni 2011 - 6:24PM
Omni Ventures, Inc. (OTCQB:OMVE) announced today that in an effort
to increase transparency to shareholders and potential new
investors it will start regularly publishing the summaries of its
Depository Trust Company Security Position Reports on the Company's
corporate website at www.omve.net. We will commence this reporting
on or about July 11, 2011. We believe that this will provide the
general public with full disclosure of the number of shares, which
may be traded via various electronic trading systems on OTC
markets.
"Recently, we have received a number of calls from our
shareholders worrying about what seems to be predatory 'naked'
short-selling in our stock as well as inquiries about the
number of shares in the public float. We researched this issue and
discovered that the latest FINRA website report indicated that
hundreds of thousands of shares of OMVE have indeed been shorted
within the last several days," says Dan Reardon, Chairman of the
Board of Omni Ventures, Inc. Reardon continued, "Needless to say,
we are a fully-reporting company and as required by the regulators
all the vital information about our company is fully disclosed in
our filings with the SEC. However in an unprecedented effort
to further increase shareholder transparency, we
instructed our IT department to add a new feature to our
website whereby anyone would be able to access the information
about the number of shares in the public float available for
electronic trading. That information will be updated from time to
time to provide access to the most current records. We are
anticipating that this feature will go live on our website in less
than two weeks. In the meantime, I am pleased to announce that
today the amount of shares in the public float available for any
electronic trading is less than 2.1% of the total amount of issued
and outstanding shares, which equals to approximately 2.2 million
shares. Further, about 88.5% of the company's stock is restricted
and owned by affiliates."
About Omni Ventures
Omni Ventures, Inc. is a development stage company working on a
versatile portfolio of projects in premium consumer brands
development and merchandising as well as consumer services. The
Company is working to position itself as a strategic management
holding company for several subsidiaries including the ones to be
established or acquired. Currently the Company wholly owns PRVCY
Couture, Inc., the casual couture apparel and accessories design,
manufacturing and distribution company (www.prvcypremium.com).
Management is negotiating several joint ventures with established
operating companies in the fields of consumer goods design,
manufacturing and distribution as well as consumer services. For
more info, please visit www.omve.net.
Legal Disclaimer
The statements contained in this press release contain certain
forward-looking statements, including statements regarding the
company's expectations, intentions, strategies and beliefs
regarding the future. All statements contained herein are based
upon information available to the company's management as of the
date hereof, and actual results may vary based upon future events,
both within and without the control of the company's
management.
CONTACT: Omni Ventures, Inc.
Investor Relations:
Pivo Associates, 212.924.3548
info@pivoassoc.com
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