DAVI Luxury Brand Group Announces Voluntary Deregistration

BEVERLY HILLS, Calif., Jul 18, 2014 (BUSINESS WIRE) DAVI LUXURY BRAND GROUP INC. ( Company ) (OTC BB: MDAV) announced today that its board of directors has determined that voluntarily deregistering the Company s common stock from the reporting requirements of the Securities Exchange Act of 1934, as amended ( Exchange Act ), are in the best interests of the Company. The Company is eligible to deregister its stock because it has fewer than 300 stockholders of record. Accordingly, the Company today filed a Form 15 with the Securities and Exchange Commission to deregister its common stock under Section 12(g) of the Securities Exchange Act of 1934 ( Exchange Act ), and to suspend the Company s reporting obligations under Section 15(d) of the Exchange Act. As a result of the filing of the Form 15, effective immediately, the Company no longer is required to file its periodic reports and certain other Exchange Act reports with the SEC. The decision of the Company s Board of Directors to dere
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