Disclosure NewswireTMiCrowdNewswire - Sep 14, 2016
Stock Dividend to Shareholders (pro-rata) are HTSC Owned Shares of Meridian Waste Solutions, Inc. (MRDN) HTSC Sets Date of Record, September 30, 2016 to Receive Dividends
MILTON, GA – Here To Serve Holding Corp., (OTC Markets: HTSC) – The Board of Directors of Here To Serve Holding Corp. (the “Company” or “HTSC”) has approved a dividend to its shareholders, on a pro rata basis, of 3,322,809 shares of common stock of Meridian Waste Solutions, Inc (“Meridian,” OTC Markets: MRDN) owned by the Company. No fractional shares will be issued. The shares of common stock of Meridian to be delivered pursuant to this dividend to the Company’s public shareholders (not members of management or the Board of Directors) have been registered for re-sale pursuant to a Registration Statement on Form S-1, effective July 7, 2016, filed by Meridian. Shareholders of HTSC as of the end of the business day September 30, 2016, the record date set by the Board, will be entitled to receive such dividend. HTSC will work with its transfer agent and the appropriate governing and/or administrative bodies to handle the distribution.
The shares of Meridian that the Company is delivering pursuant to this dividend were issued to the Company by Meridian in connection with the Company’s sale to Meridian of the Company’s membership interests in Here To Serve – Missouri Waste Division, LLC and Here To Serve – Georgia Waste Division, LLC, pursuant to that certain Membership Interest Purchase Agreement, dated as October 31, 2014.
As of September 12, 2016, 118,680,934 shares of the Company’s common stock were issued and outstanding.
ABOUT HERE TO SERVE HOLDING CORP.
Here To Serve is a holding company with a mission to grow shareholder value and demonstrate positive cash-flow through the acquisition of strong operational companies ranging from telecom, mobile apps, real estate investments and infrastructure.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Here To Serve Holding Corp may differ materially from those anticipated. Although Here To Serve Holding Corp believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Here To Serve Holding Corp can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate.In light of the significant uncertainties and risks inherent in the forward-looking statements included in this press release, such information should not be regarded as a representation by Here To Serve Holding Corp that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “may,” “intend,” “expect,” “will,” “anticipate,” “estimate” or “continue” or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Here To Serve Holding Corp’s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Here To Serve Holding Corp does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.