HENDERSON, NV--(Marketwire - Sep 18, 2012) - Orion Diversified Holding Co., Inc. (PINKSHEETS: OODH) announced today it has cancelled 1 Million Common shares on behalf of the request of an officer of the company. The transaction will reduce the outstanding company shares by the same 1 Million shares. The company transfer agent has been notified of the cancellation and has requested a physical certificate.
Commenting on the cancellation, ORION DHC, Inc. Chairman & CEO Randy Hoff stated, "This very large share cancellation today is a way for us to express our commitment to maintaining shareholder value. I feel that officers and affiliates investing back into the company is always a wise move. The reduction of 1 Million shares is a wonderful way to increase the company's per share valuation, short-term and long-term. Although this substantially lowers the outstanding share structure, more importantly, there were no strings attached for our shareholders; the shares were simply taken off the company books and cancelled. We expect to do more value creating share buybacks and cancellations in the future as the company deems fit."
The company made further mention the new lower outstanding shares count will be reflected on the company website. ORION DHC, INC corporate website (www.oriondhc.com).
About ORION DHC, Inc.
ORION DHC, Inc. is a publicly traded holding company actively seeking attractive investments and utilizing time-tested value investing principles to grow its corporate holdings. The corporation targets licensable intellectual property, equity assets, entertainment, real estate, divisions and subsidiaries in various stages of development.
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