Monday June 22, 9:30 am Eastern Time
Company Press Release
SOURCE: Coconino S.M.A., Inc.
Coconino S. M. A. Recaptures 29% of its Outstanding Stock
SALT LAKE CITY, June 22 /PRNewswire/ -- In a late Friday, June 19th, development, Coconino
S.M.A., Inc. (OTC Bulletin Board: CSMA - news) announced that it has decided to rescind its
purchase of LPS, Ltd. (LPSL) thereby recapturing a significant amount of its outstanding shares of
common stock.
A company spokesperson confirms that 7.5 million shares of stock used to purchase the formerly Las
Vegas-based LPSL will be cancelled. The move is seen as a positive step towards achieving
Coconino SMA's stated goal of becoming a fully reporting company as evidenced by the recently
announced merger with Buffalo Capital IV, Ltd [OTC BB:BUFF - news]. The company indicates that
transaction is moving forward on schedule.
These developments may also be evidence of Coconino's increasing commitment to becoming a
significant player in the commercial and industrial waste disposal business. Coconino's Enviro-Tec,
Inc. subsidiary has recently obtained a Class V disposal permit from the State of Utah and indications
are that commencement of operations at their Blue Bench 13-1 Injection Well disposal facility are
slated to begin shortly. The Company expects to have specific information on that topic as early as
next week.
Coconino SMA is a diversified company involved in non-toxic industrial and commercial waste
disposal through its Enviro-Tec, Inc. subsidiary with offices in Salt Lake City, UT and Roswell, NM, and
in natural resources development through its Coconino Oil & Gas subsidiary also located in Roswell,
NM. The company also offers consumer products through its Ad-HaTTeRs, Inc. subsidiary
headquartered in Centennial Park, AZ.
Safe Harbor Act Disclaimer: This release may contain forward-looking statements that involve risks
and uncertainties including, without limitation, continued acceptance of the company's products and
services, increased levels of competition, new products and technological changes, the company's
dependence upon financing, third-party suppliers and intellectual property rights, and other risks
detailed from time to time in the company's federal filings, annual report, offering memorandum, or
prospectus.
SOURCE: Coconino S.M.A., Inc. |
