SOURCE: Cascadia Investments, Inc.

Cascadia Investments, Inc.

December 16, 2010 13:51 ET

Cascadia Investments, Inc. Announces Share Count

In Possession of an Objecting Beneficial List, Cascadia Investments, Inc. Announced a Complete Accounting of Its Shares That Are Issued and Outstanding

TACOMA, WA--(Marketwire - December 16, 2010) - Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that it is in possession of the Objecting Beneficial List (OBO) list prepared by Broadridge Investor Communications. The OBO list provides a share count of objecting beneficial owners without revealing personal information regarding those shareholders. The list obtained by the company indicates there are a total of 179 OBO holders holding 10,656,602 shares.

The NOBO list has indicated that 49,279,059 shares are being held by shareholders including institutions. A NOBO list gives a more complete and comprehensive shareholder profile

The company's transfer agent, Signature Stock Transfer, confirmed that 65,325,500 free-trading shares are issued and outstanding. The Depositary Trust and Clearing Corporation confirmed that it holds 61,575,007 shares at this time. The differences of 3,750,493 shares are held by shareholders but are not in the system.

Management reports that in its effort to provide greater transparency, it has done a full audit on all the shares that are issued and outstanding. It was suggested by Cascadia management that investors may wish to notify their brokers and/or their clearing houses to place their stock on a "no loan" list.

Cascadia Investments, Inc. is a publicly traded company operating in the Pacific Northwest that focuses on developing and/or acquiring cutting-edge Internet businesses. 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