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SOURCE The Automotive Resource Network Holdings, Inc.
NEW YORK, March 11, 2013 /PRNewswire/ -- The Automotive Resource Network Holdings, Inc.'s (OTC: ARNH) CEO Kathleen Roberton announces that ARNH will begin implementation of a Three Step Plan to get the Company back on track to success. The Company has already taken steps to enhance its public disclosure on OTC Markets by remaining current in its reporting obligations. Corporately, ARNH has also amended its Articles of Incorporation and Corporate Bylaws to create various series of Anti-Dilutive Convertible Preferred Shares to protect its majority stakeholders. These securities will soon become available to the common shareholders. The mandate, moving forward, is to start reorganizing the debt on the balance sheet, so that the company is debt free. Then the Automotive Resource Network Holdings Inc., plans to register its securities to become a OTCBB company. The last part of the plan is to enhance the Net Stock Holders Equity in the Company by acquiring profitable businesses and or assets, using the Convertible Preferred Stock as currency.
Kathleen Roberton, CEO of The Automotive Resource Network Holdings Inc., says "The Three Step Plan" is absolutely necessary in order to attract investment into ARNH. We will also be able to restore investor confidence, if we commit ourselves to remove affiliate & non affiliate debt, register with the SEC and file audited financial statements, as well as, build net stock holders equity on the balance sheet. This is a process that we are committed to forging ahead with, our resolve to complete those tasks are a function of effort, teamwork and time.
She further states, "We have a team of very qualified professionals that will implement this strategy and our mandate, moving forward, while we add credible accounting and legal representation to make good on this Agenda. Additionally, ARNH will seek to have more of a transparent dialogue with its investors, as to the clarity of implementing those objectives. As we meet certain milestones, the investment community will be made more thoroughly aware through public disclosure and record."
About The Automotive Resource Network Holdings Inc.:
The Automotive Resource Network Holdings, Inc. specializes in offering a month to month vehicle service contracts to cover mechanical breakdown of cars. The industry boasts over 275 Billion dollars in sales each year. The month to month offers the lowest possible monthly payment and is in a position to dominate the market through different vertical markets.
ARNH cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
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