SOURCE: Sebastian River Holdings, Inc.
TORRANCE, CA--(Marketwire - Oct 3, 2012) - Sebastian River Holdings, Inc. (PINKSHEETS: SBRH) is pleased to announce we have finally reached the Current Information under the Alternative Reporting Standard outlined by OTC Disclosure and News Service. According to OTC Markets, Inc. the securities of Pink Sheet companies that provided current disclosure to the public markets, either through a regulator or directly to News and Disclosure Service, represented 95% of all the dollar volume traded in the OTC marketplace. Per our most recent communication with OTC Markets Issuer and Information Services; they have finished processing our disclosure and attorney letter for the period ending June 30, 2012 -- moving the Company to OTC Pink Current Information tier before the next market open.
The Company is further pleased to announce they have completed acquisition of Trading Desk operations commencing business under our holding company beginning the first day of October 2012. With our new Trading Desk operations, the Division will be capable of facilitating extraordinary returns on defaulted notes due to the convertible nature of the debentures; many of which are anticipated to be in Default under the terms of these lending agreements in the first Quarter of 2013. "Facilitating returns beyond the face value of the note is very common in the market climate and proving our own trading operations over liquidating the position to a Hedge Fund or Investment Bank will allow us to capture significant returns that would not be possible without these operations," said Dan Benjamin, CEO and Chairman.
About Sebastian River Holdings, Inc.
Sebastian River Holdings, Inc. (a C-Corp formed under the Laws and Jurisdiction of Florida), founded in 1995, is a well-diversified holding company with a scope and experience level unsurpassed by peer companies. Operating under three major divisions: Corporate Equity Speculation & Financing, Business Incubation, and Business Services, Sebastian River Holdings is a business development centric holding company. Shareholders can now subscribe to our Shareholder Newsletter, you will receive press releases at the time it hits the wire and other important shareholder announcements.
Forward-Looking Safe Harbor
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and/or OTC Markets Disclosure & News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.