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WNSH!!!.0002 REVERSE MERGER coming soon!!
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[QUOTE]Originally posted by retiredat49: [QB] Update on Winsted Holdings Changes Jul 17, 2007 1:09:00 PM Copyright Business Wire 2007 NORTHFIELD, Ill.--(BUSINESS WIRE)-- Winsted Holdings, Inc. (Pink Sheets:WNSH) updates the market on future plans. President and CEO Francis Manzo stated, "On taking over management of Winsted we believe the Company because of its shareholder base has excellent opportunities to become an 'incubator' for businesses seeking to expand in the public venue. Winsted plans to engage in business of consulting and assisting solid private companies into the public market. The company is in the process of reviewing reverse merger candidates and business entities interested in pursuing becoming a public company. "Our agreement with the former CEO Mark Ellis was to transfer 90% control of the firm to Appletree BDC, Inc. We find that Mr. Ellis misrepresented the situation in the transfer and control agreement. We are still optimistic that we can turnaround a stagnant situation and create shareholder value through innovative strategies. "What we know at the present time is that there are 3,620,241,722 common shares issued and outstanding. We are currently in the process of re-establishing the Company's book and records, and making arrangements with accountants and attorneys to assist in bringing the Company into compliance with regulatory requirements. "For our shareholder concerns, there is no consideration at this time to do a reverse split. We are considering ways to maximize returns for our shareholders including, but not limited to, stock buy backs and spin-offs of holdings that we acquire." "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as WNSH or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Source: Winsted Holdings, Inc. ---------------------------------------------- Appletree Capital Ltd. Northfield IL Francis P. Manzo III President 847-441-1822 http://www.winstedholdings.com/ info*appletreecapital.com [/QB][/QUOTE]
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