WMX expects the equity purchase program to be very beneficial for the company's long-term plan of success and stability for all its shareholders
Deerfield Beach, FL (PRWEB) March 13, 2013
WMX Group Holdings, Inc., (OTCQB:WMXG), a diversified registered investment advisory firm based in South Florida, today announced that its Board of Directors has approved a stock buyback program (the "Share Repurchase") to purchase up to 300 million shares of its common stock in the open market through the quotation service of the OTCQB.
The Share Repurchase will commence immediately and will terminate on December 31st, 2014. All shares purchased by WMX under the stock buyback program will be retired and returned to treasury. The timing and exact number of common shares purchased will be at WMX's discretion and will depend on available cash and market conditions. WMX may suspend or discontinue the repurchases at any time, including in the event WMX would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. WMX does not intend to purchase its shares from its management team or other insiders.
WMX expects the equity purchase program to be very beneficial for the company's long-term plan of success and stability for all its shareholders. The purchase will be funded from available working capital and existing credit facilities. As of March 11, 2013, WMX had 792,318,500 common shares outstanding.
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
WMX Group Holdings, Inc. (OTCQB:WMXG) is an ISO Certified, publicly traded registered investment advisory firm headquartered in the State of Florida, specializing in high-end customized portfolio management for individuals, businesses, and retirement plans.
WMX’s owns a Registered University in the State of Florida called CIT University, which currently offers undergraduate, graduate, and doctoral degrees online (http://www.cituniversity.org). The University plans to open the doors to their new campus in South Florida in 2013. From their academic think tank WMX is developing several start up incubator companies and own an extensive library of intellectual property.
Thomas Anthony Guerriero is world renowned for being one of the most powerful and influential CEO’s in the history of Wall Street. His financial advisor training program is legendary for creating some of the top producing financial professionals in the world.
Mr. Thomas Anthony Guerriero is currently the founder and Chief Executive Officer (CEO) of WMX Group Holdings, Inc. He has over fourteen years of extensive upper executive experience. Mr. Guerriero began his career in the financial markets in 1998, and soon thereafter earned the position of Senior Vice President of the securities division of First Union, one of the largest institutions in the world with over $400 billion in client assets. After First Union was acquired by Wachovia, Mr. Guerriero continued to build his client base and team through several institutions and think tanks, eventually etching his name in stone industry wide, by becoming the CEO of a Member Firm, TAA. There he gained the prestigious recognition of being one of the youngest individuals to ever head a member firm.
His success at TAA led him towards the second acquisition in his career, this time by High Point Capital. Mr. Guerriero’s unique ability to create unique systems both technical and fundamentally, recruit, train, mentor, and inspire individuals through his creative methodologies has led him to be recognized as a global force to be reckoned with. His most recent acquisition was at the helm of Global Wealth as CEO. He was able to maximize profitability and surpass all expectations in the face of the toughest economic climate of our generation, leading towards the third acquisition of his career of Global Wealth and its Institute of Finance.
As one of the most talented minds and influential people in the world today he shows no signs in letting up. In 2011, he was nominated, accepted, and confirmed as one of the youngest inductions ever into Marquis’s Who’s Who in America. Also in 2011 Mr. Guerriero became one of the youngest owners of a professional sports team. He became an owner of a professional basketball team, the Springfield Armor in the NBA D league (The Brooklyn Nets Affiliate). Mr. Guerriero attended Graduate School at Harvard University, holds two Graduate Certificates from Boston University & University of Notre Dame, has two BA degrees from Fairleigh Dickinson University & Thomas Edison State. He has held several professional licenses over the course of his career Series 7, Series 63, Series 66, Series 24 licenses. Always looking for a challenge Mr. Guerriero is a former professional soccer player, holds several world records, climbed two of the seven summits, been featured in a major motion picture with Oliver Stone, been featured on television around the world, and is a published author with “How To Understand & Master The Stock Market”, “Understanding & Master Securities Laws And Regulations” and “Plan For Crisis”.
This news release contains, in addition to historical information, forward-looking statements related to the proposed stock buyback program, including the timing, total number of shares to be purchased under the proposed stock buyback program. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements included in this document are based on information available to WMX as of the date of this document, and except to the extent WMX may be required to update such information under any applicable securities laws, WMX assumes no obligation to update such forward-looking statements.