FREMONT, Calif., Feb. 5, 2008 (PRIME NEWSWIRE) -- Legacy Holding, Inc. (Other
OTC:LGYH.PK -
News) announces the company
plans to register as a reporting company under the Securities Exchange Act of
1934, and apply for listing of its common stock on the Over-the-Counter Bulletin
Board (OTCBB).
The company expects to proceed with registration and a filing for listing
once the full financial audit has been completed, which is expected be within
the next 45 business days. The process, once started, is expected to take at
least 90 days. Legacy Holding, Inc. is also pleased to announce that Michael J.
Bongiovanni, CPA, MBA, and President of Greentree Financial Group Inc., will be
conducting the audit.
At this point in time, management feels that the visibility provided by
achieving listing on a senior stock exchange will play a critical role in both
enhancing shareholder value and allowing the company to achieve key strategic
objectives.
For more information visit:
http://www.legacysystemsinc.com or
http://www.lgyh.msprofit.com
About Legacy Holding Inc.
Legacy Holding, Inc. provides wafer cleaning and stripping technology to
the semiconductor and related industries. Under the direction of its
President and CEO, Robert Matthews, Legacy has developed and patented new,
and what management believes are breakthrough processes that employ ``Green
Chemistry'' to produce an environmentally safe process for photoresist
stripping and cleaning of any size silicon wafer. Legacy delivers its
cleaning technology through its own state of the art benches that employ the
latest in robotic systems, or via specially designed modules that can be
integrated into existing bench technology provided by other equipment
manufacturing companies. Legacy Systems has been in operations since 1989.
Forward-Looking Statements
This press release contains forward-looking statements regarding the
future plans of Legacy Systems and Legacy Holding, Inc. and its business and
products. These forward-looking statements involve risks and uncertainties
and actual results could differ materially from those predicted in any such
forward-looking statements. Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing are
forward-looking statements. The realization of any or all of these
expectations is subject to a number of risks and uncertainties and it is
possible that the assumptions made by management may not materialize.
Statements in this press release involve risks and uncertainties; actual
results may differ from the forward-looking statements. Sentences or phrases
that use such words as ``believes,'' ``anticipates,'' ``plans,'' ``may,''
``hopes,'' ``can,'' ``will,'' ``expects,'' ``is designed to,'' ``with the
intent,'' ``potential'' and others indicate forward-looking statements, but
their absence does not mean that a statement is not forward-looking. The
Company undertakes no obligation to publicly release the results of any
revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
Contact: Outcast Communications
Investor Relations:
Keith Reinhardt
858-509-9900, ext. 13
Source:
Legacy Holding, Inc.
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