SW China (SWCI) Share Structure Update - Pledge No Dilution, No Increase Of Shares, No Reverse Split

SWCI Share Structure Update and Pledge of NO DILUTION, NO INCREASE OF MAXED OUT AUTHORIZED OR COMMON SHARES, NO REVERSE SPLIT
By: SW China Imports, Inc.
BALTIMORE - 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, and is graded "OTCQB" by OTCMarkets.com.  To date, less than approximately 400k shares have traded in total of SWCI on the OTC public exchange.

The total authorized and outstanding common shares of SWCI is 500 million shares.  There are NO preferred shares issued or outstanding.  There are NO convertible stocks or warrants or dilutive financing deals or debt whatsoever.

The founder and President of SWCI owns approximately 297 million shares, of which 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.  Further, the President does not have any intention whatsoever of selling the remaining 24 million shares within the next 12-months.  Therefore, 297 million shares out of a total of 500 million shares are effectively restricted and "off-the-market."

Another approximately 163,000,000 (163 million) shares have been issued but are restricted and none of the shares have been registered, nor do any of the shares qualify for any exemption from registration, nor will they be, with the SEC within the next 12-months at a minimum.

The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).

SWCI pledges herein that it shall NOT increase the authorized or common shares, shall NOT reverse split for the next 12-months, at a minimum.  We are committed to building shareholder value as we undertake our ambitious plans to build the business in the high-end and custom hairpiece sector.

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.
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Source:SW China Imports, Inc.
Email:***@gmail.com
Tags:Pennystocks, Retail, Otc, Pennystock, Hairpieces, Wigs, Beauty, Momo
Industry:Retail, Beauty
Location:Baltimore - Maryland - United States
Subject:Services
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