Fort Lauderdale, FL (PRWEB) June 11, 2013
(OTC LIHC) The executives of Liberty International Holding Corporation are announcing today its intention to begin a stock repurchase program. The company sees it as integral to its current plans for growth and expansion and is doing so with the assistance of a private investment partner.
According to a company senior executive: “This is normally a move made by significantly older, more established companies. However, for us, at this time we see this as strategically advantageous.” He added: “Along with increasing our shareholder value, it will solidify our capital base and establish a foundation by which we can engage in strategies that have the potential of increasing our assets dramatically – and – well ahead of our already aggressive schedule.”
At this time, the company is planning on repurchasing up to 10 million shares of its common stock outstanding. However, it reserves the right and may increase that amount at any time.
The company currently trades OTC under the symbol LIHC.
For more information on Liberty International Holding Group and its operations visit http://www.libertyinternationalholding.com/. For additional information on this release contact Robin Branovan, Investor Relations at 1-877-684-5880