SOURCE: NHS Health Solutions, Inc.

June 29, 2011 13:37 ET

NHS Health Solutions, Inc. Provides Notification of Share Retirement

JACKSONVILLE, FL--(Marketwire - Jun 29, 2011) - NHS Health Solutions, Inc. (PINKSHEETS: NHSH), currently doing business as Centacom Corporation ("Centacom" or "Company"), is pleased to offer several updates to its shareholders. As has been previously stated by the Company in a news release, 151,000,000 common shares were sent to the transfer agent for retirement. Confirmation was received that these shares have been retired to the Treasury. This retirement of approximately twenty three percent (23%) of the outstanding share count brings the current outstanding share count to 499,855,401; 450,000,000 of these shares are restricted and held by the parent company, Centacom Holdings Corporation.

Additionally, Centacom Holdings Corporation has acted aggressively in order to secure all outstanding debt and convertible notes associated with Centacom. These notes, which had been held by initial investors, are now solidly in possession of the parent company. Mr. James Owens, Founder of Centacom Corporation and controlling owner of Centacom Holdings Corporation, has stated, "For five years, I have been deeply vested in and diligently working to attain the initial vision of success that I had for my company. I have taken, and will continue to take, any action to prevent that vision from being compromised."

Chief Executive Officer, Jeff DiGenova would like to reiterate sentiments that were shared last week on a conference call. Mr. DiGenova commented, "Our corporate attorney will be acting to file a change in the authorized share count from 750,000,000 to 500,000,000 with the State of Nevada. Also, Centacom intends to implement a course of action that would further lower the outstanding share count. This course of action will involve the retirement of the 450,000,000 shares held by the parent company in exchange for the creation of a non-convertible, voting only, Preferred class of stock. After this step, the authorized share count would again be lowered. Shareholders will be updated as this process is implemented. It must be said that our Company has no plans to issue any stock, save for any transactions or any possible mergers or acquisitions that are presented to our Board and deemed to increase the value of our Company; we are looking to reward shareholders moving forward."

Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

Contact Information


    Centacom--Investor Relations
    (904) 325-6069