HENDERSON, NV, March 16 /PRNewswire-FirstCall/ - DDS Technologies USA, Inc. (DDSU; www.ddstechnologiesusa.com) had retained the Mina Mar Group (http://www.minamargroup.com/) as forefront representative of the company's new expansive corporate interests.
Mina Mar Group will lead the company as its head Merger Corporate Advisor, and its peer company Mina Mar Marketing Group (www.minamargroup.net) will take over the Investor Relations (IR) tasks. The mandate is to represent DDSU's interests in public market and bring the company closer to the investors' community.
A source close to the company said, "We remind our followers that DDSU operates under the auspices of the court appointed guardian-custodian. We have posted court documents on our corporate web site www.ddstechnologiesusa.com, and our IR web site, "NEWS AND FILINGS" section, and www.minamargroup.com/ddsu.pdf . We ask our followers to review these court documents.
Regarding the upcoming merger the company reminds its followers that the only currency the company has, are its restricted shares, and cash in a form of a loan or financing from its preferred shareholders or accredited investors. Usual process in the merger is that a company will recapitalize to absorb the mergers, and pay for the acquired assets. Depending on the situation, sometimes both cash and shares are issued in the merger. Obviously, the higher the share price of our stock the less stock the company has to issue in the merger to the targeted merger company.
As this merger is being created, these new shares will be held in escrow, and remain the control block for some time after the merger. The shares these companies receive are subject to insiders and control block, referred to as Rule 144. These are restricted shares, meaning they cannot trade; henceforth both float and the free trading shares usually remain undisturbed after the merger.
The company will shortly begin subscribing to Pink Sheets filing service and begin updating Pink Sheets with Adequate Disclosure, Updated Financials and report all relevant merger news. There is no reverse split, nor any toxic financing planned for the company. The company has made available sufficient funds and resources through its preferred shareholders and accredited investors to become a vibrant and operational company.
Immediate plans include bringing representatives and CEOs from the targeted merger companies to the Mina Mar Group Shareholders' Conference on April 9, 2010 in Toronto for further discussion, and a possible finalization of the merger transaction shortly thereafter. Again, merger transactions are a process and subject to change.
The company reminds our shareholders and followers to monitor PinkSheets.com Filing Section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non news worthy corporate updates.
For any matters relating to retail investor queries or to send IR or the company a message please click on the "INVESTOR SUPPORT" TAB or this direct link http://www.minamargroup.net/helpdesk.
Don't be a victim. Report a stock basher. The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites like investorshub.com and other posters, and the remedies available to you as an individual investor.
Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support Section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity at the company that may or may not be news released, please subscribe or opt in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of DDS Technologies USA, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. DDS Technologies USA, Inc. cautions you that any forward-looking information provided by or on behalf of DDS Technologies USA, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. DDS Technologies USA, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond DDS Technologies USA, Inc.'s control. In addition to those discussed in DDS Technologies USA, Inc.'s press releases, public filings, and statements by DDS Technologies USA, Inc.'s management, including, but not limited to, DDS Technologies USA, Inc.'s estimate of the sufficiency of its existing capital resources, DDS Technologies USA, Inc.'s ability to raise additional capital to fund future operations, DDS Technologies USA, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match DDS Technologies USA, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. DDS Technologies USA, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters,www.minamargroup.com
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|SOURCE DDS Technologies USA, Inc.|
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