Social Media Article Has No Basis in Fact
WASHINGTON & RESTON, Va.--(BUSINESS WIRE)--
Comstock Holding Companies, Inc., (NASDAQ:CHCI), issued a statement
today noting that an article released by Scibility Media on June 21,
2016, reporting that the Company is planning a 1-for-5 reverse stock
split effective August 1, is incorrect.
The Company has not taken any of the regulatory steps required to
initiate a reverse stock split with an effective date of August 1 and
currently has no plans to undertake such an action.
Comstock has contacted The Nasdaq Stock Market to make it aware of the
erroneous and misleading article and reminds shareholders that only
publicly disclosed information issued by the Company should be regarded
as true and accurate.
About Comstock Holding Companies, Inc.
Comstock is a homebuilding and multi-faceted real estate development and
services company that builds a wide range of housing products under its
Comstock Homes brand through its wholly owned subsidiary, Comstock Homes
of Washington, LC. Our track record of developing numerous successful
new home communities and nearly 6,000 homes, together with our
substantial experience in building a diverse range of products including
apartments, single-family homes, townhomes, mid-rise condominiums,
high-rise condominiums and mixed-use (residential and commercial)
developments has positioned Comstock as a leading developer and
homebuilder in the Washington, D.C. metropolitan area. Comstock is a
publicly traded company, trading on NASDAQ under the symbol CHCI. For
more information about Comstock or its new home communities, please
View source version on businesswire.com: http://www.businesswire.com/news/home/20160722005864/en/
Comstock Holding Companies, Inc.
Interim Chief Financial Officer
Jody Burfening / Harriet Fried, 212-838-3777
Source: Comstock Holding Companies, Inc.
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