Atlas Capital Holdings (ALCL) stock higher on shareholder okay

Posted on: August 16th, 2011
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Atlas Capital Holdings (OTCBB: ALCL) rocketed 73.1% higher to 45 cents, on Monday, after the announcement of shareholder approval of a preferred class of stock. Volume for the stock was nearly 25,000 shares.

A news release out August 15 stated that shareholders approved 1,000,000 preferred shares to be authorized par value $0.001.

“Our future growth plans to implement our GreenTech business strategy are aggressive and we are analyzing several funding sources. By creating a preferred class of stock, we believe we can attract long-term investors seeking to invest in our stock based on its potential to reach a premium share price in the green marketplace,” the release quoted CEO Christopher Davies as saying.

Atlas Capital Holdings, Inc. was incorporated in Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners, the shareholders approved an amendment to the Company’s Articles of Incorporation changing the Company’s name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc.

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