FORT LAUDERDALE, Fla., March 22, 2010 (GLOBE NEWSWIRE) -- Saudi American Holdings Corp. (Pink Sheets:SAHN), an international holding company that invests in and acquires companies, today announces the Company's intension to pursue green energy investments and acquisitions including wind power and renewable energy sources. The decision is in line with the Company's strategy to make investments in well managed undervalued companies.
Brad Van Siclen, a Director of Saudi American Holdings Corp., said, "As a result of the worldwide effort to move towards cleaner and renewable energy sources, we are being presented with many opportunities in this sector. These investments fit very well into socially conscious investment strategies as well as provide long-term earning power."
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About Saudi American Holdings Corp.:
Saudi American Holdings Corp. is an international holding company based in Ft. Lauderdale, Florida. It operates under the mandate to acquire undervalued, private companies with owners/managers positioned to increase existing profitability through revenue growth and improvements in internal operating efficiency. However, there are no areas worldwide in which investments or acquisitions could not be made. For more information, please visit: www.saudi-american.com
Forward-Looking Statements:
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This press release in no way constitutes any recommendation regarding the securities of Saudi American Holdings Corp. (SAHN) or its affiliates. Any person reading this release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of SAHN, and no inference has been made that this release contains all such information.
Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Any forward-looking statement made by Saudi American Holdings Corp. in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.