OMID Holdings Discloses New Corporate Initiatives
OMID Holdings, Inc. (OTC Pink: OMID) announced new corporate initiatives in January 2021 aimed at protecting shareholders from inflation concerns. The company plans to invest cash reserves into cryptocurrencies and silver, with intentions to diversify further into alternative assets like energy and commodities. Additionally, OMID is reducing the number of outstanding common shares by converting insider-owned shares into preferred shares. Chairman Adam Frank emphasized the commitment to shareholder value and the company's growth in the health and wellness sector.
- New investment strategy in cryptocurrencies and silver to hedge against inflation.
- Plans for further diversification into alternative assets such as energy and commodities.
- Reduction of outstanding common shares could enhance shareholder value.
- None.
ALPHA, N.J., Feb. 17, 2021 /PRNewswire/ -- OMID Holdings, Inc. (OTC Pink: OMID), a publicly-traded health and wellness company, is pleased to disclose the adoption of new corporate initiatives in January 2021. To protect the company against latent inflation concerns, management resolved to invest a portion of cash reserves into cryptocurrencies and silver assets. Further diversification is expected to flow into alternative asset classes such as the energy sector and commodities. Additionally, management has resolved to substantially reduce the number of outstanding common shares via the conversion of the majority of insider-owned common shares into less-liquid preferred shares.
"It is of critical importance to OMID's management to protect all shareholders from the hidden tax which monetary inflation represents; there is great optimism about the outlook for these new investments. I will continue to defend shareholder value in every way possible as OMID evolves and grows, expanding its footprint to become a universal health and wellness manufacturer. I look forward to providing further guidance in the near future via a new shareholder letter, outlining our plans for the year ahead," stated Adam Frank, the Chairman and CEO of OMID Holdings, Inc.
About OMID Holdings, Inc.
OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) health and wellness company which owns and operates a manufacturing facility in Alpha, New Jersey. The headquarters is FDA-registered and Food Grade Certified for production within its clean room environment. The company is currently focused on the development, manufacture, and sale of hemp-based products for private label and in-house brands. For more information about the company, please visit https://omidholdingsinc.com/.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
908-386-2880, info@omidholdingsinc.com
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SOURCE OMID Holdings, Inc.
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