SOURCE: Global Holdings, Inc.

Global Holdings, Inc.

April 10, 2014 14:00 ET

Global Holdings, Inc. (GBHD) Retires 151,000,000 Shares of Its Common Stock to Corporate Treasury

VIRGINIA BEACH, VA--(Marketwired - Apr 10, 2014) - Global Holdings, Inc. (PINKSHEETS: GBHD) announces that 151,000,000 (151 M) shares of its common stock had been retired to the corporate stock treasury account.

These 151 M in total aggregate shares, based on terms within acquisition agreements, have been returned due to the higher values in the Company's stock price. These terms stipulated that if GBHD's stock price and subsequent market capitalizations hit predetermined pricing thresholds within a given time period, percentages of stock would be returned to the issuer, GBHD.

Currently, the Company after this retirement of shares has 257,801,248 issued and outstanding as of this date, April 10, 2014.

Global Holdings, Inc. owes no suppliers or manufacturers; inventories that are held have all been paid-in-full.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #757-306-6090.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competitions.

Contact Information

  • CONTACT:
    Global Holdings, Inc.
    Rich Kaiser
    Yes International
    757-306-6090