OMID Announces Reduction of Common Shares
ALPHA, N.J., June 24, 2021 /PRNewswire/ -- Today, OMID Holdings, Inc. (OTC Pink: OMID) is pleased to announce the completed execution of its commitment to reduce the number of outstanding common shares per the request of shareholders. As previously detailed in March, the number of total outstanding common shares has been reduced by One-Hundred-Sixty-Four Million (164,000,000) OMID Common Shares.
"With this corporate action – the second share reduction year-to-date – the OMID board intends to clearly communicate its belief in the long-term potential of the company and its continued commitment to win the lasting confidence of all shareholders." stated Adam Frank, OMID's Chairman & CEO.
About OMID Holdings, Inc.
OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) Florida corporation which focuses on developing and manufacturing various health and wellness products at its FDA-registered clean room facility in Phillipsburg, NJ. With a diverse portfolio of product types, OMID specializes in formulations which contain cannabis extracts as well as other herbal ingredients. The company objective is to provide quality, integrity, and value with notable consumer benefits derived from all of its finished goods.
For more information about the company, please visit https://omidholdingsinc.com/.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
info@omidholdingsinc.com
+1-908-386-2880
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SOURCE OMID Holdings, Inc.
