Authorized Shares are the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Authorized shares should not be confused with outstanding shares, which are the number of shares the corporation has actually issued that are held by the public.
We are aware this is drastically lower than almost every publicly traded company on any exchange. We have premium products, premium brands, and aim to contract with only premium accounts, so we feel it is equally important to have a premium stock price. We believe taking this action to reduce Authorized Shares should increase confidence in the investment community and shareholders. While further sending a strong indication that we are concerned about the perception of dilution and highly committed to increasing shareholder value.
"Today APWC showed the investment community and its shareholders our serious commitment to preserving and increasing shareholder value. And potentially we feel it will make HIPH stock a more appealing investment to a broader class of investor specifically institutions. Reducing the Authorized Shares by such a drastic amount was a huge measure and long overdue. The reduction in Authorized Shares is also another step we are taking to try and realize our goal of being NASDAQ listed by the end of 2015.L'Alpina
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update oradvisein the event of any change, addition or alteration to the information included in this Press Release including such forward-looking statements.
This press release is issued on behalf of the Board of Directors by AlfredCulbreth, CEO and Director.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NORSHALL THEREBE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.