SOURCE: Cooper Holding Corp

Cooper Holding Corp

July 05, 2011 11:04 ET

Cooper Holding Corp Announces Forward Split on Hold

COTTAGE GROVE, TN--(Marketwire - Jul 5, 2011) - Cooper Holding Corp (PINKSHEETS: SHAR), a publicly traded company engaged in the wholesale and retail sale of a diverse line of outdoor products through its wholly owned subsidiary Cooper Hunting Industries, Inc., announced that the Board of Directors has put the Company's forward stock split on hold pending a review of the impact of Penson's recent announcement that they would not clear any stock that had a price below $0.10.

The Board decided earlier this week that it must place the forward split on hold until it can examine the full impact that Penson's announcement will have on Cooper Holding Corp and its shareholders. The Board will seek to determine whether a forward split would serve to have an adverse effect on shareholders instead of the positive impact that the Company hoped to provide.

Management has indicated that the Board's review will take place over the next quarter. "The Board will be reviewing this matter through the next quarter before it commits to a course of action. However we will continue with the symbol change immediately," said Dan Cooper, President.

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Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, the words "anticipate," "believe," "estimate," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements are based on Company expectations and are subject to risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the economic impact, competitive and other factors affecting the Company and its operations, markets, product, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently.

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