SOURCE: Cascadia Investments, Inc.

Cascadia Investments, Inc.

December 09, 2010 09:15 ET

Cascadia Investments, Inc. Receives Non-Objecting Beneficial Owners List

Cascadia Investments, Inc. Intends to Reconcile the Discrepancy in Stock Ownership Revealed by a Comparison of the NOBO List and the Investors' Report Received From the DTCC

TACOMA, WA--(Marketwire - December 9, 2010) - Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that its management has received a current Non-Objecting Beneficial Owners list, known as a NOBO list, from Broadridge Investor Communications. A NOBO list gives a more complete and comprehensive shareholder profile than is available on the typical shareholder list provided by a transfer agent. The NOBO list indicates that 49,279,059 shares are being held by shareholders including institutions.

Cascadia's management also announced that it has received an investors' report from the Depository Trust & Clearing Corporation (DTCC). The Depository Trust & Clearing Corporation is a principal central clearing agency for securities transactions on the public markets. The report contains data regarding all brokers and the amount of shares being held for investors and indicates that 61,575,007 shares of Cascadia Investments, Inc. are in brokerage accounts.

Management at Cascadia stated that this discrepancy may represent a significant naked short position in the company's publicly held stock. The company will consider all its available options prior to implementing a strategy which could remedy this discrepancy and reduce the short positions.

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