LAKE DALLAS, Texas, Feb 28, 2007 (BUSINESS WIRE) --
John Arlitt has appointed
the following Directors of the Board for Conversion Solutions Holdings
Corporation: Rufus Paul Harris, Ben Stanley, Sabra Dabbs and John Walsh.
Due to John Arlitt's untimely health condition, and to avoid possible litigation
for the manner in which the vote to instate him as CEO was conducted;
John
Arlitt hereby resigns as CEO and Chairman of Conversion Solutions Holdings
Corporation. Randy Moseley will remain as Chief Financial Officer pending
Directors and Officer's Insurance.
About Conversion Solutions Holdings Corp.
CSHD is a diversified holdings corporation, which was formed to originate, fund
and source funding for asset-based transactions in the private market. CSHD's
main service will be to acquire, fund and provide insurance to target companies
in the currently underserved $15,000,000 to $100,000,000 asset finance market.
Our funding will enable our businesses to compete more effectively, improve
operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a
suburb of Atlanta. For more information, please visit us at
http://www.cvsu.us/.
Conversion Solutions Holding Corp. Safe Harbor Statement
Information provided in this press release may contain statements relating to
current expectations, estimates, forecasts and projections about future events
that are "forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements generally relate
to the company's plans, objectives and expectations for future operations and
are based upon management's current estimates and projections of future results
or trends. Actual future results may differ materially from those projected as a
result of certain risks and uncertainties. These forward-looking statements are
made only as of the date hereof, and we undertake no obligation to update or
revise the forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE: Conversion Solutions Holdings Corp.