SOURCE: Blue Diamond Ventures, Inc.

July 21, 2015 09:45 ET

Blue Diamond Ventures Inc. (BLDV) Cancels Reverse Split and Lowers Authorized Shares by 1.2 Billion

PLANO, TX--(Marketwired - Jul 21, 2015) -  Blue Diamond Ventures, Inc. (OTC: BLDV) 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 State's Office in Nevada. The Nevada SOS website should reflect this change soon.

Blue Diamond Ventures, Inc. offers companies a wide array of services. 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.

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