SOUTHFIELD, Mich., July 3, 2014 /PRNewswire/ -- Halberd Corporation (OTC Market: HALB) is moving forward with their plan to become a holding corporation and incubator for high growth early stage businesses. Halberd Corporation expects to announce in the coming days the first company that will be merging in. Halberd Corporation has had extensive talks with multiple companies. Halberd Corporation has one clear goal and that is to bring companies in that have the most potential revenue and profit structures in order to give shareholders value. Halberd Corporation will not do a reverse stock split. Our intentions are to bring in companies that will be spun off in the future via a stock distribution allowing Halberd Corporation shareholders direct ownership in these companies. Halberd Corporation additionally will be changing the name and symbol in the next 60 days.
CEO John C Maddox states, "We realize it has been a frustrating time for our shareholders, but we are now ready to move forward with our business plan, which we believe can and will be great for all of our loyal shareholders who have been steadfast in holding their stock positions. We are compliant with OTC Markets on all of our filings and we believe that is the first step in becoming more transparent with our investors. We would like to thank all of our loyal investors who have had the patience, and we will continue to update shareholders' in a much timelier basis in the future."
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
SOURCE Halberd Corporation