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Home Shopping Latino, Inc. Announces a Shareholder Rights Offering

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“Home Shopping Latino, Inc. (HSL Inc.) (Other OTC:HSPG.PK – News), formerly (Other OTC:HSPL.PK – News), announced today that those shareholders, including, without limitation, all of the officers and directors and their affiliates, truly interested in the continued development and long-term prospects of the company might maintain their pre-split level of shareholdings. The board of Directors approved in a corporate resolution that all existing shareholders of the common class stock as of the date hereof shall have the right to purchase at a price of a mil ($0.001) per common share up to an aggregate number of common shares equal to one hundred fifty (150) times the total number of post-split common shares which they currently hold as of the date hereof with said right to purchase expiring on the third day of April 2009 at 5:00 p.m. PDT, all such new shares to be issued subject to a twenty-four month SEC Rule 144 holding restrictions.

First American Stock Transfer (FAST), 4747 N. 7th Street, Suite 170 Phoenix, AZ 85014, 602-485-1346, 602-485-4091 (fax), contact Katherine Price, www.firstamericanstock.com to act as Transfer agent for the company. FAST will manage the exchange of old pre-reverse stock split shares for new post-split shares. Frank Celecia CEO of the company was quoted as saying, “This purchase offering is an indication of our board and myself to ensure our commitment to our existing and loyal shareholders and create a solid foundation for the launch of a Private Placement in the future.””

Posted on: March 10th, 2009
Curation from Tomás
Filed Under: Business, Business News, Press Releases
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