Additionally, Long Fortune's shareholders will own about 95% of the issued and outstanding shares of BTHC
's common stock when the share exchange is completed, Long Fortune will be a wholly-owned subsidiary of BTHC
XV, all the officers and directors of Long Fortune will replace BTHC
XV's officers and directors and BTHC
XV will be Long Fortune's only line of business.
The company is quoted on the Over-The-Counter Bulletin Board under the symbol BTHC.
As a result of the share exchange transaction, ISC became a wholly owned subsidiary of BTHC.
Aldrich, chairman and co-founder of ISC, was appointed to the board of directors of BTHC and will serve as the chairman of the board.
Adams, co-founder and chief financial officer of ISC, were appointed as the chief executive officer and chief financial officer of BTHC, respectively.
Roberts, manuscript of speech , Roberts Papers, BTHC.
Roberts, Austin, 3 July, 1894, Roberts Papers, BTHC.
These forward-looking statements are made as of the date of this news release, and BTHC
XV assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
The securities issued by BTHC
VII in the foregoing transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent such registration or an applicable exemption therefrom.