Standard Holdings Acquires New Profitable Business Mar 29, 2007 11:04:00 AM
MCLEAN, VA -- (MARKET WIRE) -- 03/29/07 -- Standard Holdings Group Ltd., (PINKSHEETS: SNDH) has acquired a 50 percent interest in the profits of an investment program and system in exchange for 5 million shares of stock and the input of technical expertise.
The business is expected to generate immediate revenue and profits for Standard Holdings both as a result of ongoing operations and enhancements designed and developed by Standard Holdings.
This represents one of the acquisitions in the Company's ongoing diversified expansion plans.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.