SOURCE: Sombrio Capital Corp.

May 06, 2011 11:29 ET

Sombrio Capital Corp. Announces 8 to 1 Forward Stock Split

DALLAS, TX--(Marketwire - May 6, 2011) - Sombrio Capital Corp.'s (OTCBB: SBPP), a vertically integrated wireless telecommunications company that operates three business units under its HotCloud Mobile technology platform: Products; services; and content, announced today that its Board of Directors has approved an 8 to 1 forward stock split, mailed directly to shareholders of record for Sombrio Capital Corp. as of May 2, 2011 (the "record" date).

Pre-split the issued shares totaled 8,824,332, post-split the total will be 70,599,936. The stock split became effective May 5, 2011, and has been approved by FINRA.

Mr. David J. Bleeden, CEO of Sombrio Capital Corp., commented, "We are excited to be moving forward with our corporate re-structuring, part of which is this forward stock split. We anticipate that liquidity and trading activity in our stock will benefit with the split, and also as we continue to execute on our business strategy."

"With over 400,000 historical retail and 2,000 wholesale clients, our HotCloud Mobile technology platform has the opportunity to grow dramatically and add tremendous value per customer," stated Mr. Bleeden.

Some quick industry statistics:

  • $250,000,000 in wireless sales generated daily
  • Over 1.3 billion wireless handsets sold globally each year
  • More than 25 billion apps expected to be downloaded by 2015
  • Cellphone accessoriesmarketplace at $26.5 billion and expected to double by 2015
  • Currently 4.5 billion wireless connections; 3.5 billion mobile data connections
  • Wireless phone insurance market estimated at $6 billion annually
  • Mobile devices and PDAs outnumber PCs globally

HotCloud's products include the latest and newest selection of smartphones, including unlocked phones and the largest selection of cell phone accessories available anywhere on the Internet. The Company offers products from manufactures including Apple, Blackberry, Nokia, Motorola, and Samsung. It offers unlocked phones and/or plans through carriers like AT&T, Verizon Wireless, T-Mobile, Sprint, and Nextel.

HotCloud offers value-added services like mobile phone insurance, data synchronization, backup services, ringtones and device configuration. The Company also includes a huge selection of mobile content, and understands that it is not just about 'technology,' but the mobile environment.

Mr. Bleeden added, "Mobile devices are almost ubiquitous and have replaced PCs as the portable device of choice. To address this, HotCloud offers the latest licensed content, mobile applications, and subscription services, from music, ringtones, and texting, to the latest mobile apps for business or pleasure.

About HotCloud Mobile, Inc.

HotCloud Mobile (, and is a leading supplier of wireless products and services designed to enhance the wireless experience. HotCloud offers the latest products on its website, including handsets, unlocked phones, specialty accessories, as well as phone insurance and exclusive mobile applications and licensed content from its in-house design team. From music and ring tones to the latest mobile apps for business or pleasure, HotCloud is the premier destination for mobile products, content and subscription services.

Learn more about HotCloud corporate at: Follow HotCloud on Facebook and Twitter.

Information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify forward-looking statements. The forward-looking statements may include our future operations, financial condition and prospects and business strategies. These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this press release or in other documents including those filed with the SEC. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

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