This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

WMX Group Holdings, Inc. (OTCQB: WMXG) Announces Authorization Of Stock Repurchase Program

DEERFIELD BEACH, Fla., March 11, 2013 /PRNewswire/ -- WMX Group Holdings, Inc., (OTCQB: WMXG), a diversified registered investment advisory firm based in South Florida, today announced that its Board of Directors has approved a stock buyback program (the "Share Repurchase") to purchase up to 300 million shares of its common stock in the open market through the quotation service of the OTCQB.

The Share Repurchase will commence immediately and will terminate on December 31 st, 2014. All shares purchased by WMX under the stock buyback program will be retired and returned to treasury. The timing and exact number of common shares purchased will be at WMX's discretion and will depend on available cash and market conditions. WMX may suspend or discontinue the repurchases at any time, including in the event WMX would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. WMX does not intend to purchase its shares from its management team or other insiders.

WMX expects the equity purchase program to be very beneficial for the company's long-term plan of success and stability for all its shareholders. The purchase will be funded from available working capital and existing credit facilities. As of March 11, 2013, WMX had 792,318,500 common shares outstanding.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

About WMXWMX Group Holdings, Inc. (WMXG:OTCQB) is an ISO Certified, publicly traded Registered Investment Advisory Firm headquartered in the State of Florida, specializing in high-end customized portfolio management for individuals, businesses, and retirement plans. 

WMX's owns a Registered University in the State of Florida called CIT University, which currently offers Undergraduate, Graduate, and Doctoral Degrees online ( www.cituniversity.org). The University plans to open the doors to their new campus in South Florida in 2013. From their academic think tank WMX is developing several start up incubator companies and own an extensive library of Intellectual Property.

This news release contains, in addition to historical information, forward-looking statements related to the proposed stock buyback program, including the timing, total number of shares to be purchased under the proposed stock buyback program. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements included in this document are based on information available to WMX as of the date of this document, and except to the extent WMX may be required to update such information under any applicable securities laws, WMX assumes no obligation to update such forward-looking statements.

Contact: Diana Lovera561 600 4608  dlovera@wmxgroup.com

SOURCE WMX Group Holdings, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs