Chino Hills, CA,Nov. 29, 2017(GLOBE NEWSWIRE) --
Chino Hills, CA – (November 28, 2017) – On November 28, 2017, SOHM, Inc. (PINKSHEETS: SHMN), announced today that its Board of Directors has decided to abandon and cancel the reverse stock split that was approved by the Board of Directors and the Company’s shareholders last year.
SOHM, Inc. announce today that “We are pleased to announce due to the obvious recent renewed support and confidence in the company and its management, it is in the best interest of the company, its shareholders and Investors to cancel the proposed reverse split of the common stock announced last year.” Recent support from operations and market awareness has further inspired company management to restore SOHM, Inc. to its former glory, benefitting investors and shareholders who have stood firmly by the company. SOHM presently has approximately 1.25 billion shares of common stock issued & outstanding SOHM Management has taken note of significant trade activity of its shares, and is very pleased with the recent movement in the company operation.
Further, company stated that company’s promoters or directors have not sold any of their stocks and have not done so for the last several years keeping the confidence in the company’s operations and not intending to sell any stocks currently.
Company is going to take appropriate actions with authorities to update the recent development and announcements.
About SOHM, Inc.
SOHM, Inc., is a growing generic pharmaceutical manufacturing and marketing company with a global presence and marketing plan that assure continuous growth. SOHM manufacturing and marketing target the rapidly growing healthcare segments such as Nutraceuticals, Cosmeceuticals, and other major therapeutic segments. SOHM is headquartered in North America with manufacturing in India. Although SOHM’s generic pharmaceuticals are exported globally and was introduced to the USA in early 2013, SOHM continues its focus on distribution to emerging markets in Africa, Latin America, and Southeast Asia along with USA.
This press release contains many forward-looking statements such as “project,” “plan,” “can,” etc. Such statements are subject to possible uncertain risks that may vary actual results from those intended in or expressed by the forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please contact:
For more information, please contact: SOHM, Inc. 714-522-6700