WPF Holdings Completes Corporate Restructuring

Rhea-AI Summary

WPF Holdings, Inc. (OTC PINK: WPFHD) has successfully completed its corporate restructuring, which included a redomiciling to Florida and a name change from World Poker Fund Holdings, Inc. The company has increased its authorized common shares to 500 million and executed a 500:1 reverse stock split. These changes aim to position WPF Holdings as a fully reporting SEC company and refocus its efforts on technology. Chief Technology Consultant Maurice Mills emphasized the importance of adapting to evolving technology solutions in multiple sectors. The firm specializes in e-commerce and digital consultancy, helping businesses enhance their online presence.

Positive

• Completed corporate restructuring to improve operational efficiency.
• Redomiciled to Florida, which may provide better regulatory advantages.
• Increased authorized shares to 500 million, potentially raising capital.
• Executed a 500:1 reverse stock split, which may enhance stock price perception.
• Refocusing efforts on technology, aligning with market trends.

Negative

• None.

LOS ANGELES, CA, Jan. 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – WPF Holdings, Inc. (OTC PINK: WPFHD) formerly World Poker Fund Holdings, Inc., announces today that it has completed its corporate restructuring, which includes redomiciling the Company to Florida, renaming the Company to WPF Holdings, Inc., increasing its authorized common shares to 500 million shares and completing a 500:1 reverse split to its common stock.

This restructuring is part of the Company’s overall plan to become a SEC fully reporting company along with refocusing all company efforts to technology. “We feel that technology is constantly evolving, and our Company needs to be at the forefront of it,” says Maurice Mills, Chief Technology Consultant.

Mr. Mills has utilized his extensive experience in Technology Solutions across multiple business sectors to play an instrumental role in the restructuring of WPF Holdings.

About WPF Holdings, Inc.

WPF Holdings, Inc. is a dynamic e-commerce and digital consultancy company that helps businesses navigate the ever-evolving digital landscape. With a team of experts in various fields such as web design, digital marketing, and e-commerce strategy, we provide a holistic approach to help businesses increase their online presence and revenue. Our goal is to empower businesses to take full advantage of the opportunities that the digital world has to offer. Whether you're just starting out or looking to take your business to the next level, we're here to help. Let's work together to achieve your goals and drive success for your business.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

CONTACT
Investor Relations Contact
Eddie Kwong
Email: info@wpf-Holdings.com

FAQ

What changes did WPF Holdings make in its corporate restructuring?

WPF Holdings redomiciled to Florida, changed its name from World Poker Fund Holdings, increased authorized shares to 500 million, and executed a 500:1 reverse stock split.

What is the significance of the 500:1 reverse stock split for WPF Holdings?

The 500:1 reverse stock split may enhance the perception of the stock price, potentially attracting more investors.

How does the restructuring position WPF Holdings in the market?

The restructuring aims to position WPF Holdings as a fully reporting SEC company while refocusing on technology solutions in the e-commerce and digital consultancy sectors.

What is WPF Holdings' primary focus following the restructuring?

WPF Holdings is refocusing its efforts on technology, aiming to stay at the forefront of evolving technology solutions.

What is the new name of WPF Holdings?

The company has changed its name from World Poker Fund Holdings, Inc. to WPF Holdings, Inc.