SOURCE: Andiamo Corporation

Andiamo Corporation

August 03, 2016 08:30 ET

Andiamo Corporation Substantially Reduces Authorized Common Shares

LANSING, MI--(Marketwired - Aug 3, 2016) - Andiamo Corporation (OTC PINK: ANDI), a Wyoming holding company, is pleased to announce that the Company's Board of Directors has approved a reduction in the number of authorized Common Shares from 4 billion to 250 million Common Shares. The Company believes the overall value of Andiamo Corp has a tremendous upside and wishes to reflect that value in its stock price. The reduction is being filed with the Wyoming Secretary of State. The Company intends to raise additional growth capital to achieve a share price worthy of a move to a higher trading arena.

"We decided that a reduction in the number of authorized shares would have a positive effect on both our share price and shareholder confidence," stated William White, CEO of Andiamo Corporation. "We believe our shareholders will be more comfortable with a number of authorized shares that is reflective of our current outstanding."

About Andiamo Corporation:

Andiamo Corporation, a Wyoming company, is a publicly traded company which specializes in prepackaged software services. Increased revenue and business opportunities have helped expand its role as a holding company. Specifically, we are looking for established companies with recurring revenues who need a capital infusion in order to move their business to the next level of profitability. With our additional resources, Andiamo now offers an end-to-end solution to ensure the success of our clients inside the micro-cap funding community, getting them the funding they need to bring their products to a national level with the aim of improving their bottom line. For more information on Andiamo Corporation, visit our website at http://www.andiinc.us, and sign up for our newsletter and receive the Company's latest news and updates delivered right to your email.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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