SOURCE: Cascadia Investments, Inc.

Cascadia Investments, Inc.

November 16, 2010 15:03 ET

Cascadia Investments, Inc. Announces Review of Non-Objecting Beneficial Owners List

Cascadia Investments, Inc. Plans to Clarify Ownership of Its Issued and Outstanding Shares

TACOMA, WA--(Marketwire - November 16, 2010) - Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that it has ordered a list of non-objecting beneficial owners (NOBO). This list identifies each beneficial holder of the company's stock, provided the beneficial holder has not objected to his or her name being released to the company. The NOBO list will be compared to the reports from the DTC which contain data regarding all brokers and the number of shares being held for investors.

Information from these lists will be used to clarify ownership of the company's issued and outstanding shares. Comparison and analysis of these resources should allow the company to determine if there is a share imbalance or a significant failure to deliver positions in the company's stock.

The company would like to recommend that each shareholder ensure that his or her brokerage firm has not lent out the shareholder's stock without the shareholder's knowledge and consent. Each shareholder is also advised to ask his or her broker's compliance department if anyone has made a loan of the shareholder's stock position to potential short sellers. Each shareholder should also ask how to prevent this from happening.

If the company's research and examination does find an imbalance in regard to short positions, the company will act to correct the problem.

Management wishes to assure Cascadia's shareholders that it will be diligent in examining the data to ensure the integrity of its shares and that it remains firm in its commitment to maintaining fair and proper market valuation of the company's stock for the benefit of its shareholders.

Cascadia Investments, Inc. is a publicly traded company operating in the Pacific Northwest. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development of its social media, gaming and other web based apps.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. All trademarks and copyrights remain the property of their respective owners and no association is express or implied.

Contact Information

  • Cascadia Investments, Inc.
    Tel: 253-777-3507