At a special meeting of shareholders held on August 26, 2008, Alpine's shareholders approved proposals to change the company's name to "SOHM, Inc." and to effect a reverse stock split of Alpine's common stock, at a ratio of one post-split share for each 50 shares currently outstanding. Based on that authorization, the Company's management completed the actions necessary to effect the name change and reverse stock split. The common stock of SOHM, Inc. began trading on September 11, 2008 on a post-split basis under the symbol "SHMN."
Management anticipates that the reverse stock split will reduce the number of outstanding shares of SOHM's common stock to approximately 14,360,000 shares and the current public float to 360,000 shares. SOHM does not presently have any shares of preferred stock outstanding.
Existing officers and directors of Alpine TLI Group, Inc.: Mr. Taylor Abegg has resigned.
Newly appointed officers and directors of SOHM, Inc. are: Mrs. Swati Shah, CEO/President/Director; Mr. Sharad Joshi CFO/Treasurer/Director.
About SOHM, Inc.
SOHM, Inc. is a leading US based Import Export Organization specializing in global trading of a diversified product portfolio ranging from Manufacturing, Medical Equipment, Pharmaceuticals and Chemicals.
The Company has established and maintains long standing relationships in China and India which are the world's largest product suppliers. Our Asia-Pacific manufacturers allow us to import, export, and/or source quality products in China and India; sharply reducing business costs and increasing the profits of our client corporations.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of SOHM, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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