HOUSTON, Dec. 1, 2014 /PRNewswire/ -- Energy Holdings International, Inc. (OTC-PINK: EGYH) has incorporated and established EnergyVest 1 for the benefit of the Joint Venture with Rasan Energy Holding Company (K.S.C.) whereby Rasan will provide $60 million USD investment funds for the acquisition of proven oil and gas properties in the United States and Canada. The joint venture will be owned 50/50 between Energy Holdings International, Inc. and Rasan Energy Holding and will be jointly owned and operated via the new holding company EnergyVest 1.
Energy Holdings International, Inc. is a closely held public company with over 75% of the company stock being held by the Board of Directors and Middle East investors. EGYH is registered with the Security and Exchange Commission pursuant to section 13 or 15 (d) of the Security exchange act of 1934. Stated Mr. Jalal Alghani, CFO.
Energy Holdings International, Inc. has recently applied for DWAC (Deposit/Withdrawal at Custodian Service) with DTC (Depository Trust Company) whereby EGYH shares can be electronically wired to investment houses for the benefit of investors. In addition the BOD is contemplating a buyback of stock based on the low price of its stock price and its planned future acquisitions. Energy Holdings International, Inc. continues its relations with GE in developing Middle East Power projects. Stated Mr. John Adair, Chairman.
In light of these risks, uncertainties and assumptions, the events anticipated by EHII's forward-looking statements may not occur, and, if any of such events do, we may not have anticipated the timing of their occurrence or the extent of their impact on our actual results. Accordingly, you should not place any undue reliance on any of EHII's forward-looking statements. EHII's forward-looking statements speak only as of the date made and EHII undertakes no obligation, other than as required by applicable law, to update or revise its forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
SOURCE Energy Holdings International, Inc.