SOURCE: Sebastian River Holdings, Inc.
TORRANCE, CA--(Marketwire - Aug 10, 2012) - Sebastian River Holdings, Inc. (PINKSHEETS: SBRH), a diversified financial holding company, today announced the Company has entered into a letter of intent ("LOI") for acquisition of a publicly traded equity portfolio valued at $152,110.00 (USD). The equity purchase agreement or "EPA" is to be finalized in a definitive agreement within 30 days and subject to customary terms and conditions. "This addition to our portfolio adds substantial balance in diversification to our debt holdings with the purchase to be structured at a substantial discount," said Dan Benjamin, CEO.
The Company's Corporate Equity Speculation & Financing Division has reported a return of $24,657.53 in gross interest yielded by the high-interest bearing debenture portfolio and with the impending acquisition of Trading Desk operations, the Division will be capable of facilitating extraordinary returns on defaulted notes due to the convertible nature of the debentures. "These debentures have continued to return a high rate of interest and will generate this high yield for many more months," Mr. Benjamin comments.
Mr. Benjamin continues, "I would like to take this opportunity to address our Shareholders; we have received many inquires about the Company's share structure and public filings. Foremost, the Company has not changed the share structure and does not intend to change that indefinitely, this includes any Reverse Stock Splits or Authorized Share Increases. We (the Company) intend to have the Current Information tier reached by filing an Initial Company Information and Disclosure Statement and Attorney Review, providing two years of financial statements no later than sixty days from this release, with a more likely time frame of one to two weeks barring any extenuating circumstances."
About Sebastian River Holdings, Inc.
Sebastian River Holdings, Inc. (a C-Corp formed under the Laws and Jurisdiction of Florida), founded in 1995, is a well-diversified holding company with a scope and experience level unsurpassed by peer companies. Operating under three major divisions: Corporate Equity Speculation & Financing, Business Incubation, and Business Services, Sebastian River Holdings is a business development centric holding company. Shareholders can now subscribe to our Shareholder Newsletter, you will receive press releases at the time it hits the wire and other important shareholder announcements.
Forward-Looking Safe Harbor
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.