SW China Imports (SWCI) Share Structure Update NO Dilution and NO Reverse Split

SWCI Share Structure Update and Pledge of NO Dilution, NO Reverse Split, NO Increase in Authorized or Common Shares, NO Convertible Debt - Correcting, Updating and Superceding the Previous Release dated April 8, 2013
By: SW China
April 8, 2013 - PRLog -- SW China Imports, Inc., began trading under the symbol SWCI just a few months ago, and is fully DTC approved, fully compliant and up-to-date with SEC filings with audited financials, and is graded "OTCQB" by OTCMarkets.com.

The total authorized and outstanding common shares of SWCI are "maxed out" at 500 million shares. There are NO preferred shares issued or outstanding. There are NO convertible stocks, warrants, notes, debentures, or any dilutive financing deals or convertible debt whatsoever.

The founder and President of SWCI owns approximately 297 million shares, of which approximately 273 million shares are restricted shares and have not been registered nor do any of the shares qualify for any exemption from registration with the SEC.  Seon Won, the Founder and President of SW China Imports, Inc. stated that "I do not have any intention whatsoever of selling the other 24 million shares within the next 12-months, at the earliest." Therefore, 297 million shares out of a total of 500 million shares are effectively restricted and "off-the-market" by virtue of being held by founder Seon Won.

Another approximately 156,422,500 (~156 million) shares have been issued by the Company as reported in an 8k filing with the SEC on or about November 27, 2012.  All of these shares are restricted except that 9,500,000 (9.5 million) shares issued to Taurus Financial Partners, LLC have been registered by Taurus Financial Partners, LLC pursuant to an S1 Filing.  All of the remaining approximately 146,922,500 (~147 million) shares issued in the 8k filing are RESTRICTED SHARES and have NOT been registered for sale with the SEC, and do not qualify for any known exemption to registration, and, therefore, these restricted shares cannot and will not be sold.

Seon Won, the Founder, President, and sole Officer and Director of SWCI "pledges that the Company, at a minimum over the next 12-months, shall NOT increase the authorized or common shares, shall NOT reverse split, shall NOT enter any dilutive financing or debt deals that would result in any conversion of shares or issuance of shares."  

SWCI is a development stage company with nominal operations and minimal assets, which makes us a "shell" company as defined in Rule 12b-2 of the Exchange Act, as amended. Investing in our common stock is highly speculative and involves an extremely high degree of risk, with a great degree of risk of losing your entire investment. The public should read all of the public filings made with the SEC and other regulatory agencies, including but not limited to the amended S1 Registration Statement filed on or about February 11, 2013 and declared "Effective" by the SEC on or about February 19, 2013, in order to gain a fuller picture of the risks associated with potentially investing in the stock of SWCI.  

This press release corrects, updates and supercedes the previous press release dated April 8, 2013, which was released in error in draft form.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by SW China Imports, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the beauty supply and/or hairpiece industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of SW China Imports, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and changes in federal or state tax laws. For a description of additional risks and uncertainties, please refer to SW China Import Inc.'s filings with the Securities and Exchange Commission, including “Risk Factors” in its Annual Report filed on Form 10-K.
End
Source:SW China
Email:***@gmail.com
Tags:Pennystock, Otc, Beauty, Retail, Wigs, Hairpieces, Momo
Industry:Beauty
Location:United States
Subject:Companies
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