SOURCE: Exit Only, Inc.

May 10, 2011 10:20 ET

Exit Only, Inc. Announces Registered Spin-Out of Trans Atlantic Capital Group to Shareholders; Date of Record Is June 15, 2011 for Shareholder Dividend; Intends to List on OTC-BB

SANTA MONICA, CA--(Marketwire - May 10, 2011) - Exit Only, Inc. (PINKSHEETS: EXTO) announced that pursuant to its acquisition strategy, it has approved a registered spin-out of its newly acquired Trans Atlantic Capital Group, Inc. "A registered spin-out will maximize the investment potential for both EXTO and its shareholders," stated Diana Shats, President . "While EXTO has a broad acquisition strategy, Trans Atlantic is focused specifically on one sector so it is logical to achieve full valuation as an independently traded company," continued Ms. Shats. EXTO intends to file a registration statement registering the shares to be distributed from the dividend. Management believes that this is a demonstrable initiative to reward its shareholders and build long term balance sheet value.

Trans Atlantic Capital Group, Inc. ("TACG") is a dynamic trading company principally involved in brokering wholesale lots and closeouts. Trans Atlantic Capital Group, Inc., as previously announced, achieved record revenue in excess of $15,000,000 for the first quarter of 2011 which is significantly greater than the company's $8,300,000 generated in 2010. The company is in the process of preparing Pro Forma financials, reflecting the acquisition, which it intends to post on the PinkSheets database. In addition, the Company is finalizing its financials and expects to return to Current Information status during this quarter.

EXTO shareholders will receive 20% of the issued and outstanding shares in TACG. The record date for the share dividend has been chosen as June 15, 2011 and share distribution dates have not yet been determined. Upon completion of the spin-off, TACG is expected to trade on the Over-The-Counter Bulletin Board ("OTC-BB"). The issued and outstanding common stock of EXTO is not affected by the spin-out and is approximately 560,910,000 post acquisition of Trans Atlantic Capital Group. The 479,000,000 shares comprising the Float remains unchanged since July 2010.

"It is likely that shareholders will be receptive to this first spin-out and the attendant value created," said Diana Shats, EXTO's Chairman, Chief Executive Officer and the driving force behind the acquisition strategy and the accelerated closing of the transaction with TACG.

"As an independent publicly traded company, TACG will be optimally positioned to expand its operations and grow its presence both here in the US and abroad. This spin-off maximizes the potential to create substantial value for our shareholders from this trading platform over the long term," Ms. Shats added.

Completion of the spinoff is subject to final approval by EXTO's board of directors, confirmation of the tax-free nature of the transaction, as well as effectiveness of an S-1 registration statement filed with the Securities and Exchange Commission and FINRA approval.

Trans Atlantic Capital Group, Inc. is comprised of an experienced and dynamic management team led by Mihran Stepanyan. Mr. Stepanyan will continue to manage the business operation of Trans Atlantic Capital Group, Inc. and will be added as a Director of EXTO. Mr. Stepanyan stated, "We are very excited about contributing to EXTO's revenue base and look forward to growing our business on the public company platform provided, together with EXTO's management."

About Exit Only, Inc. \ Shats International Holdings, Inc.
Shats International Holdings, Inc., a wholly owned subsidiary of Exit Only Inc., business model is centered around an array of subsidiary acquisitions with its primary focus to identify strategic growth companies, intellectual properties, and assets within the US and abroad that will bring significantly enhanced valuation to its shareholders through a vast and diverse field of industries. Additional information will be available shortly at both Pinksheets.com and the company's website. http://www.shatsholdings.com/

Cautionary Note Regarding Forward-Looking Statements

This press release and the statements of representatives of Exit Only, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, SIH's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (PinkSheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.

Contact Information

  • CONTACT:
    Investor Relations
    Briggs Smith
    813-438-5225
    Email Contact: Email Contact

    Shats International Holdings, Inc.
    800-406-7906
    Email Contact: Email Contact