SOURCE: Bookkeeper International Equities, Corp.

Bookkeeper International Equities, Corp.

November 14, 2011 09:25 ET

Bookkeeper Retires $1M Worth of Preferred Stock

WILMINGTON, DE--(Marketwire - Nov 14, 2011) - Bookkeeper International Equities, Corp. (PINKSHEETS: BKPR) provider of management advisory and merchant banking services for micro and small cap publicly traded companies, today announced that it has executed a Settlement Agreement to retire 200,000 shares of Bookkeeper's Preferred Stock, with a stated conversion value of $1,000,000, for the return of 200,000 shares of Preferred Convertible Stock held by Bookkeeper in another pink sheet company.

Domino Mocharski, CEO of Bookkeeper, commented, "Retiring $1M worth of Convertible Preferred stock is one of many steps that I am taking to improve the capital structure of Bookkeeper. The board of directors is taking immediate action to limit conversions of preferred shares into shares of common stock based upon relatively recent changes in the securities laws."

Mr. Mocharski continued, "Additionally, shareholders should note that Bookkeeper is currently taking the position that officers, directors, and affiliates may not sell any shares of common stock into the open market until such time as Bookkeeper has been fully reporting for 12 months. Even after Bookkeeper becomes fully reporting, insiders cannot sell more than 1% of total issued and outstanding shares every 90 days under Rule 144."

Bookkeeper strongly encourages the public to read the above information in conjunction with its reports filed at Bookkeeper will require a significant influx of capital in order to effectively execute upon its various operational plans. The actual results that Bookkeeper may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Investors should not invest more than they can afford to lose in penny stocks.

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