SOURCE: Dakshidin Corporation

October 20, 2010 10:00 ET

Dakshidin Corporation Caps Outstanding Shares

LAS VEGAS, NV--(Marketwire - October 20, 2010) -  Acting president John Alexander van Arem announced today that Dakshidin (PINKSHEETS: DKSC) has introduced a company policy effectively capping the outstanding shares of the corporation at 725,000,000 shares. This figure is inclusive of any funds required to submit filings, basic operational expenses and several business opportunities, details of which will be forthcoming once legalities are completed.

"Despite an authorized share capital of 1,000,000,000 (one billion) the company will not increase the number of outstanding shares past 725,000,000 without first explaining to shareholders the justification for an increase," according to Mr. van Arem.

This policy will effectively demonstrate that the company is taking necessary steps to increase shareholder value.

Shareholders should "stay tuned" in order to be sure they are fully informed and up to date as there is much more to follow in the coming weeks and months.

Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Contact Information

  • Dakshidin Corporation
    John A. van Arem