SOURCE: Microholdings US

September 16, 2010 12:03 ET

Microholdings US, Inc. Announced Today That It Is in Negotiations to Purchase 2 New Subsidiaries for Microholdings US

VANCOUVER, WA and PORTLAND, OR--(Marketwire - September 16, 2010) -  Microholdings US (PINKSHEETS: MCHU) announced today that it has entered into negotiations with 2 separate companies to purchase them as subsidiaries for MCHU. Once letters of intent are signed the company names shall be made public.

James Wheeler, CEO, stated: "We are currently negotiating with two new acquisitions for Microholdings US and anticipate that we will have letters of intent within the next few weeks." For more information on Microholdings US contact investor@microholdingsus.com. A new web-site is being developed for these acquisitions and once it is complete another announcement will be sent out. Mr. Wheeler also stated, "We are looking forward to getting MCHU back on track for our shareholders and investors; we believe the purchase of either one or both of these subsidiaries will accomplish our goal."

About Microholdings US:
MICROHOLDINGS US, INC. IS INCORPORATED IN THE STATE OF OKLAHOMA AND HAS BEEN IN OPERATION SINCE OCTOBER 1998. IT IS CURRENTLY A PUBLICLY TRADED COMPANY, TRADING ON THE PINK-SHEET UNDER THE SYMBOL: MCHU.PK. 

Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MCHU officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.

Contact Information

  • Contact Information:
    Microholdings US
    Vancouver, WA
    James Wheeler
    Chairman & CEO
    (Tel) 360-334-6400
    E-mail: Email Contact