SOURCE: Dakshidin Corporation

February 01, 2010 07:19 ET

Dakshidin Corporation Continuing to Work Towards Solution With Restec

LAS VEGAS, NV--(Marketwire - February 1, 2010) - As a result of positive and ongoing meetings with Restec throughout January, Dakshidin (PINKSHEETS: DKSC) is pleased to report that the Jan 31st, 2010 deadline has been extended for an unspecified period of time.

"Everyone is aware of the impact that the world economic situation had on the majority of businesses last year and ours was no exception. Dakshidin Corporation and the Restec technologies are an excellent fit and these meetings are intended to find the most efficient and effective method to utilize that," said J.A. van Arem, interim acting president of Dakshidin Corporation. "We are working towards a solution that will work for both parties."

In unrelated news, Dakshidin Corporation is also in negotiations to secure the necessary funding to complete current audits. We will keep the shareholders apprised of the result of these negotiations.

Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Contact Information

  • Dakshidin Corporation
    John A. van Arem