OBN Holdings Spins Off Subsidiaries
Satori Beverages and Kyodo USA to Become Separate Entity
(firmenpresse) - LAS VEGAS, NV -- (Marketwire) -- 01/05/12 -- OBN Holdings, Inc. (PINKSHEETS: OBNI) today announces that its Board of Directors has passed a resolution to spin off its subsidiaries Satori Beverages International, Kyodo USA and Kyodo UK. Satori will be the parent company, and Kyodo USA and Kyodo UK will be subsidiaries. All of the beverage and food related assets shall be retained by Satori Beverages.
"The spinoff of the companies will be good for both the companies and the shareholders," stated Roger Neal Smith, OBN Holdings President and CEO. "By separating from OBN, Satori will be able to grow and develop on its own, and beverage industry analysts will be able to easily track its progress."
Shareholders of record as of the close of trading on Wednesday, February 15, 2012 shall receive one share of Satori common stock for each share of OBN Holdings common owned, at no additional cost. Satori shares will be issued in the names of the shareholders of record between March 15 and March 31, 2012.
Satori Beverages specializes in developing, marketing, exporting and importing alcoholic and non-alcoholic beverages. Currently, it has its own brands of wines, Scotch whisky, gin and beer. Additional products will soon be added to its portfolio. A partial list of products can be seen at . The company is currently developing a network of distributors throughout the U.S., China, Japan and Korea.
OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123. (702) 938-0467
This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could."
Contact:
Susan Johnson
(702) 938-0467
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Datum: 05.01.2012 - 15:24 Uhr
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News-ID 101494
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