SOURCE: WGI Holdings Inc.

October 19, 2012 09:58 ET

WGI Holdings, Inc. Updates Capital Structure

KEW GARDENS, NY--(Marketwire - Oct 19, 2012) - WGI Holdings, Inc. (PINKSHEETS: WGIH) wishes to announce the company has updated its share structure on the OTC Markets website to reflect the correct current float amount that are in the open market at 1,500,200,000 shares.

There was a misconception because of the figures reported previously on the OTC Markets did not correctly reflect the true amount available in the public markets.

"We wanted to make sure that the market place is informed accurately as to the share structure of the company," stated Gregory Ellis, President of WGI Holdings Inc. "We feel that there has been trading of the company shares going on from positions that are no longer valid and we wanted to clear any misconceptions in the marketplace."

About WGI Holdings

WGI Holding's goal through its operating subsidiary MyBitCloud is to become a leading provider of Personal & Business Cloud services that enable users and organizations to access ALL of their data, anytime, anywhere, and from any supported device.

MyBitCloud will enable users and organizations to have unlimited storage capability while also providing backup, synchronization, access and sharing capability of any file instantly and securely. More information can be found on our website: www.mybitcloud.com

FORWARD-LOOKING DISCLAIMER

This summary contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the Company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The Company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.

Contact Information

  • For more information contact us at:
    Susan Millstone
    MyBitCloud Inc.
    Tel: 855-667-8786
    FAX: 855-433-4464
    Susan@MyBitCloud.com