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TRUSTCASH HOLDINGS, INC. (PINKSHEETS: TCHH)
ATLANTA, GA -- 06/14/10 -- TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "Pty") (PINKSHEETS: TCHH) confirms that its latest acquisition of 25% of Alligato, Inc. will been rescinded. The restricted stock issued as part of the the Bourse will be cancelled and returned to funds and treated as unissued shares.
The object of the minority stake in Alligato, Inc. is not allowable due to the Theatre troupe's Cease Trade Layout ("CTO") issued in August 2009 from the British Columbia Securities Commission, a powerfully regarded Canadian securities regulator. The rescission of the proceeding was agreed to by the Company as well as Alligato, Inc.
The Firm also announced today that its Chief Technology T-Man Mr. Claudio Lai has been appointed by the Directorship of Directors as President, CEO and Concert-master of the Company replacing Mr. Kent Carasquero as an Administrator and Director. Mr. Carasquero resigned as an Gendarme and Director of the Company functioning at the time that Mr. Lai agreed to guess the same positions.
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