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OBN Holdings Forms UK Subsidiary

^{Published on 2010-07-06 08:10:29 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - July 6, 2010) - OBN Holdings, Inc. (PINKSHEETS: [ OBNI ]) today announces the formation of Kyodo UK Ltd. The company, a wholly-owned subsidiary formed under the laws of the United Kingdom, will be based in London, England.

"The formation of Kyodo UK results in a number of opportunities for OBN Holdings," stated Roger Neal Smith, OBN Holdings President and CEO. "It provides greater support for the beverage operations being developed and exported from the region. Additionally, Kyodo UK Ltd will be able to take advantage of various British government financial support and export incentives available to businesses based in the country."

Kyodo UK Ltd will be responsible for handling activities throughout the United Kingdom and European Union, and will interface with other OBN entities.

About OBN Holdings
OBN Holdings is engaged in acquisition and subsequent development of businesses worldwide. The company has interests in a diverse number of industries, including entertainment, manufacturing, technology and business services. OBN is internationally diversified with offices and subsidiaries in the United States, Hong Kong and Japan. The company posted revenue of $18 million for its previous fiscal year.

OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123. (702) 938-0467

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could."