Ulaanbaatar, Mongolia (PRWEB) August 25, 2014
Consolidation Services, Inc. (the "Company") (OTCQB: CNSV) is pleased to announce that it has filed an application with the Financial Industry Regulatory Authority (FINRA) for a name change from Consolidation Services, Inc. to Mongolia Holdings, Inc. The new CUSIP number: 60937J 100 was issued to the Company upon submission of its application.
On August 16, 2014, the Company’s Board of Directors approved an amendment to the Certificate of Incorporation to change the name of the Company to Mongolia Holdings, Inc. At the annual meeting held on November 30, 2012, a majority of the stockholders of the Company’s common stock authorized the Board to change the name.
The Company filed a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of Delaware on August 19, 2014, which was effective that same day.
Company CEO, Gary Kucher, commented: "Management is confident that the name 'Mongolia Holdings, Inc.' will help investors to better identify us with the strategic focus of our business in Mongolia."
About the Company:
Mongolia Holdings, Inc. (formerly Consolidation Services, Inc.), through its wholly owned subsidiary Mongolia Equipment Rental Corporation, is the Hertz Equipment Rental franchisee for Mongolia. This exclusive franchise allows the Company to operate a business of renting, selling, and maintaining equipment for use in construction, mining, materials-handling, commercial, and industrial activities in Mongolia under the unique plan and system of Hertz Equipment Rental Corporation and Hertz Equipment Rental System.
Mongolia is one of the fastest growing economies in the world, led by the extraction of vast deposits of coal, copper, gold, uranium, iron ore, and other commodities. Its proximity to four of the largest economies in the world -- China, Russia, Japan, and Korea -- creates trade and cross-border investment opportunities that are distinct from those available to competing resource-rich nations. These natural advantages, along with recent pro-business changes in foreign investment rules, securities laws, and mining regulations, have the country poised for sustained growth in the construction sector for infrastructure development and industrialization resulting from large-scale mining projects. Mongolia is an independent democracy of approximately three million people dedicated to creating a thriving modern economy.
For more information, please visit http://mongoliaholdings.com.
Forward Looking Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential," "estimate," and similar expressions are intended to identify forward-looking statements. These statements relate to future events, including the Company’s expectations regarding Mongolia’s economy, development, and potential growth, and the Company’s and its subsidiaries’ business and operations in Mongolia or to the Company's or its subsidiaries’ future financial performance, and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. Such risks, uncertainties, and other factors which could impact the Company and its subsidiaries and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.