Southern Trust Securities Holding Corp. Becomes Public Reporting Company and Converts Preferred Stock to Common.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Southern Trust Securities Holding Corp. ("STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). ") (Pink Sheets:SOHL), a financial services holding corporation, announces that its registration statement on Form 10-SB, as amended, became automatically effective with the United States Securities and Exchange Commission on June 29, 2007, and STS is thereby a public-reporting company. STS also announces that it converted its 313,000 shares of issued and outstanding Series A 8% Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". to 494,540 shares of common stock pursuant to a conversion ratio of 1:1.58 effective June 29, 2007. Dividend payments will be made on the Series A 8% Convertible Preferred Stock through Saturday, June 30, 2007. Robert Escobio, the Chief Executive Officer of STS, commented, "I am pleased with our business execution. Since the beginning of this fiscal year, our common stock has commenced trading on the Pink Sheets, we are now registered as a public-reporting company and we are adding depth to our investment banking group. These are all key factors in the establishment of the framework to allow us to execute our long-term business strategy." STS, based in Coral Gables, Florida Often called "The Gables," Coral Gables is a city in Miami-Dade County, Florida, southwest of Miami, in the United States. The city is best known as the home of the University of Miami, and as an example of City Beautiful urban planning. , is a holding company formed in 1998, which has two wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. : Capital Investment Services, Inc. ("CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ") and CIS Asset Management ("CISAM CISAM Compressed Index Sequential Access Method "). CIS is a registered broker dealer and investment banking firm and CISAM is a registered investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal firm. CIS has been in operations since 1999. CIS manages financial portfolios for individuals, pension funds, retirement plans, foundations, trusts and corporations. CIS offers its clients access to all major domestic and international securities and options exchanges, as well as trading in fixed income products, options, corporate, government, agencies, municipals, and emerging market debt. CIS also has an investment banking group which focuses on merger and acquisition services, private placements convertible into publicly traded shares, and private placements bridging to public offerings through reverse mergers into publicly traded shell corporations. CISAM operates an asset management business, which manages client funds under fixed fee arrangements. CISAM personnel are also registered and licensed to advise and manage insurance products for its clients. Forward- Looking Statements This press release contains forward-looking statements, such as statements regarding the growth and growth strategy of STS and its subsidiaries. The forward-looking statements contained in this press release are subject to other risks and uncertainties. STS assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. |
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