SPARKS, Nev., Aug. 5, 2004 (PRIMEZONE) -- NT Holding Corp. formally known as ABSS, Corp. (OTCBB:ABSP), a publicly traded holding company, is pleased to announce its new corporate name and trading symbol (OTCBB:NTHH). The new symbol and a reverse split were effective August 4, 2004 a result of decisions made at the corporation's shareholders meeting on May 7, 2004. The Company is pleased to further advise that all of the following items were passed by a clear majority vote.
1. To elect three (3) nominated directors to the Board of
Directors for the following year;
2. To change name of the corporation to NT Holding Corp.;
3. To change the domicile of the Company from Delaware to Nevada;
4. To approve the engagement of independent auditors,
Madsen & Associates;
5. To approve an increase in authorized shares from twenty (20)
million to one hundred (100) million;
6. To adopt the Company's Employee Stock Option Plan;
7. To approve a reverse stock split (pro-rata reduction
of outstanding shares) of up to 1-4 of the Company's
issued and outstanding shares of Common Stock;
NT Holding Corp. President Alan Lew said, "The Company is now a significant step closer to implementing its business plan." He further commented, "We are all looking forward to the future growth of the Company now that there is a new name, a new look and a new business focus."
About NT Holding Corp.
NT Holding Corp., NT standing for "new technologies", is a publicly traded holding company looking to merge with or acquire operating business entities through a variety of business combinations. NT will function as an advocate and accelerator for entrepreneurs and scientists, creating a network of people and companies working together to help support and develop new initiatives. These can be in the form of new or emerging growth companies, or new directions, projects, or products within existing structures.
The preceding statements that are not historical facts are based on the Company's current expectations and are subject to the caveat for safe harbor statements appearing below.
Safe Harbor Statements Caveat
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw material, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.