American Diversified Holdings Corporation (OTC: ADHC) announced today a corporate update regarding recent developments with the company. The Transfer Agent has received the formal court order from the Eighth Judicial Circuit Court, Clark County, Nevada, Case Number A-21-843670-B formally ordering the cancellation of 324.5 million shares of common stock.
Shareholders seeking the exact capitalization structure can visit www.OTCMarkets.com
SHARE CANCELLATION:
ADHC filed suit in The Eight Judicial Circuit Court, Clark County, Nevada, Case
Number A-21-843670-B, seeking the cancellation of 324,500,000, (324.5 MM) shares of common stock. On January 6, 2023, the court granted the motion for default. On a scheduled hearing on April 17th, 2023 the court granted the default judgment, and all litigation is now resolved.
Currently, ADHC capitalization structure is as follows:
Shares Outstanding: 779,993 mm
Shares Restricted: 195,811 mm
Shares in the Float: 584,181 mm
"All litigation is resolved which now paves the way for ADHC to launch a comprehensive business transformation", commented ADHC management. "We now have a clean slate with no impediments to the growth of our company. Building shareholder value is now the primary focus of ADHC operations".
American Diversified Holdings Corporation operates two e-commerce sites focused on emerging technologies: www.universalwellnesshc.com and www.RollsChoiceAdhesives.com. The business model includes selling products to consumers, driving traffic to partner sites, generating ad revenue, and creating partnership opportunities for other wellness companies.
- Universal Wellness is a wellness and lifestyle e-commerce site focused on providing innovative products, news, and the latest healthcare developments for consumers nationwide.
- Rolls Choice™ Southern California-based manufacturer, distributor, and e-commerce company selling an all-natural Adhesive Glue and application device sold on Amazon.com (product number 972978083) and on its own website.
Investor Contact:
TWITTER: @ADHCManagement. This Twitter page is the only official Twitter page for ADHC.
Information contained herein includes forward-looking statements. These statements relate to future events or future financial performance, involving known and unknown risks and uncertainties that may cause our actual results to be materially different from the performance or achievements expressed. You should not place undue reliance on these statements since they involve known and unknown risks, in some cases, beyond our control.
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