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I particularly emphasized that my number-one priority is and always will be creation of shareholder value, - Frank Hawley
OLYMPIA, WA, October 04, 2017 /24-7PressRelease/ -- McCusker Holdings Corp (OTC: ORRV) a leading national provider of help desk and warranty insurance conducted its Shareholder Meeting, September 27, 2017 at 9:30 am PDT.
McCusker Holdings Corp CEO Frank Hawley thanked Shareholders, analysts and others who participated, "I was gratified by the breadth of the participation and the many complimentary comments made. I particularly emphasized that my number-one priority is and always will be creation of shareholder value," Hawley said. The CEO's comment, "My vision of adding other businesses to our portfolio that will complement and enhance our value while staying focused our core warranty and service businesses," was also well received. Hawley concluded his comments about the meeting by saying, "I know most of you would like nothing more than for us to move up to a higher level exchange, and that is certainly a goal of mine."
Additional highlights from the shareholder call include:
Symbol and Name Change: MHC continues to supply and respond to all inquiries and action items requested by FINRA. They have the ball. When we hear from them we will inform shareholders immediately.
New Sales and Marketing Efforts: MHC is re-organizing the sales and marketing team to be more customer-focused and more results oriented. There are already some very positive signs, not the least of which are the addition of several new high-growth categories to our portfolio--among them are: Airborne Drones, Commercial Oil Filters, Solar Panels, Electric and, when they begin to hit the market, Self-Navigating Vehicles, Commercial LED Products, and a whole new line of wearables. Our Prospects are bright, and we're laser focused on fast, profitable growth!
Our sales pipeline is bulging. Our Sales and Marketing team is energized and working daily to close new business. Our new prospects include contracts providing warranty service to OEM's of Consumer Electronics, LED and Commercial Equipment Resellers. The future is bright.
New Board Member: We were unable to announce our new Board member during the call due to a technical timing snafu. His identity will be revealed shortly. CEO Hawley assured shareholders the announcement will be well worth the wait. MHC wants to clarify that our new Board member is currently a CEO, and has previously served on Boards of Directors of public companies, has been a C-Level executive of four companies, and has a vast amount of business and operational knowledge--particularly around mergers and acquisitions. He is excited about the company's prospects and looks forward to working to add significant value for our shareholders. As soon as the appropriate transitions are complete, we will send out complete and detailed bio.
Share Structure and transition of transfer agent: MHC reported that is recently increased Authorized Shares to 7-billion strictly for completing mergers and acquisitions, and to support MHC operational needs. During the call it was announced that approximately 2.6 plus billion shares are restricted with the larger number of restricted shares being in the hands of CEO Frank Hawley. Additionally, it was mentioned that there are approximately 5.2 billion shares outstanding at the time of the call.
Organizational Improvements: MHC announced that it will change the current wholly-owned business units model and create one Warranty Service Division, creating a much leaner and flatter organizational structure, eliminating duplication and increasing effectiveness. This means eliminating unnecessarily facilities expense and implementing alternatives when and where appropriate. We will look to outsource operational activities to other US companies where we can gain additional efficiencies, and eliminate legacy manual processes where appropriate. As a Holdings Company, our structural model will have multiple business units that support their unique products and services and centralize commonalities wherever possible for more efficiency.
Please submit any Investor Relations questions or comments to firstname.lastname@example.org. For more information about McCusker Holdings Corp, please check out the website at www.mccuskerholding.com.
About McCusker Holdings Corp
McCusker Holdings Corp is a leading developer of customer support solutions including fully insured warranty and field service programs that are both scalable and cost-effective on an international level. Your company may be looking for the right solution for your service contract program with options that are not traditionally available with the numerous other service contract providers. Our solutions are tailored to meet your expectations and to exceed them and we do not use cookie cutter approaches. McCusker is the only service contract program provider available that can truly meet all your needs.
Certain statements contained in this email, including statements regarding administrative steps, events, and financial trends that may affect McCusker Holdings Corp's future operating results, financial position, stock price and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risks and uncertainties. You can identify these forward-looking statements using words like "strategy," "expects," "plans," "believes," "will," "would", "looks", "estimates," "intends," "feels," "projects," "goals," "targets," "hopes," "seeks", and other words of similar meaning. Pro forma projections of an individual or generic investor's investment performance always are completely uncertain. Similarly, pro forma projections of splits, electronic share deposits, and timing of initiation of warrant trading, for example, in order to explain the sequence and timing of facilitated share trading and warrant exercise, are always completely uncertain. You can also identify these and other forward statements by the fact that they do not relate strictly to historical or current facts. For these statements, we claim the protection of the safe harbor for forward-looking statements provided by the Private Securities.
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