LOS GATOS, Calif., Dec. 22, 2008 (GLOBE NEWSWIRE) -- Kidsational Inc.'s (Pink Sheets:KDSC) Chief Executive Officer Eric Stratton Racheff released the following statement:
"Since taking over as Chief Executive Officer this month, my first target has been to regain the confidence and belief of existing shareholders, then to instill that same confidence and belief into new and possible shareholders. It was decided that it was needed to be done on an immediate basis, so I decided in this effort to increase shareholder value I will be cancelling 25,000,000 of my personal shares to reduce the number of outstanding shares and add value to others.
"It is the company's intention to have the name change and ticker change executed in the middle of January of which the share cancellation will take place at the same time.
"Also in January our new board of directors will be taking shape with some very creative and assertive professionals.
"We wish everyone a Happy Holiday Season!"
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.