Nine Muses CEO Makes Way for Infusion from Publicly-Oriented R.E.I.T. Suitor: First Project: West Houston Community Development.HOUSTON -- Today it was announced by Nine Muses Entertainment (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). PK:CSDN CSDN Circuit Switched Data Network (ITU) CSDN Cisco Self Defending Network ) that Linda Hawk would step down as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Houston-based Nine Muses Entertainment. The move was a direct affirmation of recent speculation that the long-awaited merger of the publicly-traded entity will now move toward a project-driven relationship with a new leader at the helm. Randy Hon, a long-time and honored name in the Houston real estate field will take the reigns as new CEO. The first project slated is a development project in West Houston. Mr. Hon is ready to set forth on a set of initiatives that will bring solid assets to CSDN. The new real estate concern will embark on a national real estate buying process that will allow CSDN to acquire properties. Mr. Hon has had great success in the recent past with his system for buying and selling real estate. Linda Hawk stated, "I'm so excited to give way to this exciting new venture. Randy Hon is a well respected and trusted real estate professional. I know his experience is tested to handle the explosive growth we anticipate with this new project. I feel that it is time to demure de·mure adj. de·mur·er, de·mur·est 1. Modest and reserved in manner or behavior. 2. Affectedly shy, modest, or reserved. See Synonyms at shy1. to a new set of initiatives that will allow our share holders to be rewarded for there confidence in CSDN." Mr. Hon stated, "I'm extremely honored and I accept this position with great enthusiasm. I feel that the capital market is just the place to allow our vision to materialize. We look forward to building our dreams and providing share holders maximum value through these new endeavors." The merger and capitalization for the new project will commence relatively soon. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and the ability of the company to manage its operations. |
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