FREMONT, Calif., Feb. 5, 2008 (PRIME NEWSWIRE) -- Legacy Holding, Inc. (Pink Sheets:LGYH) announces the company plans to register as a reporting company under the Securities Exchange Act of 1934, and apply for listing of its common stock on the Over-the-Counter Bulletin Board (OTCBB).
The company expects to proceed with registration and a filing for listing once the full financial audit has been completed, which is expected be within the next 45 business days. The process, once started, is expected to take at least 90 days. Legacy Holding, Inc. is also pleased to announce that Michael J. Bongiovanni, CPA, MBA, and President of Greentree Financial Group Inc., will be conducting the audit.
At this point in time, management feels that the visibility provided by achieving listing on a senior stock exchange will play a critical role in both enhancing shareholder value and allowing the company to achieve key strategic objectives.
For more information visit: http://www.legacysystemsinc.com or http://www.lgyh.msprofit.com
About Legacy Holding Inc.
Legacy Holding, Inc. provides wafer cleaning and stripping technology to the semiconductor and related industries. Under the direction of its President and CEO, Robert Matthews, Legacy has developed and patented new, and what management believes are breakthrough processes that employ "Green Chemistry" to produce an environmentally safe process for photoresist stripping and cleaning of any size silicon wafer. Legacy delivers its cleaning technology through its own state of the art benches that employ the latest in robotic systems, or via specially designed modules that can be integrated into existing bench technology provided by other equipment manufacturing companies. Legacy Systems has been in operations since 1989.
Forward-Looking Statements
This press release contains forward-looking statements regarding the future plans of Legacy Systems and Legacy Holding, Inc. and its business and products. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. Statements in this press release involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.