Capital Solutions I, Inc. Rescission Effective, Cancellation of 30,000,000 Issued Shares.CORAL GABLES Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla. -- Capital Solutions I, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSON CSON Connell School of Nursing (Boston College) ), announced on October 19, 2005, Capital Solutions I, Inc. entered into and closed a Rescission The abrogation of a contract, effective from its inception, thereby restoring the parties to the positions they would have occupied if no contract had ever been formed. By Agreement Agreement with Bedrock Bedrock - A C++ class library for Macintosh user interface portability. Holdings, Inc. together with each of the Bedrock Shareholders and certain other individuals. Pursuant to the terms of the Rescission Agreement a Share for Share Exchange Agreement which had closed on May 16, 2005 was rescinded. The Company previously reported the entry into the Share for Share Exchange Agreement in a Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. dated May 9, 2005 and the subsequent closing of the transaction in a Form 8-K dated May 26, 2005. Pursuant to the Rescission Agreement the thirty million (30,000,000) shares of common stock which had been issued to the Bedrock Shareholders and certain other individuals have been cancelled and returned to the treasury. In addition, the Company has returned its shareholding in Bedrock Holdings, Inc. The Company shall assist with the filing of the necessary documents with the State of Florida to reinstate To restore to a condition that has terminated or been lost; to reestablish. To reinstate a case, for example, means to restore it to the same position it had before dismissal. Bedrock as a corporation in good standing. The company now has 48,366,672 total issued shares, 41,500,000 restricted shares and 6,866,672 free trading shares issued. About Capital Solutions: Until recently the company has been relatively dormant in search of a merger partner. This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. |
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