ADHC sues to demand cancellation of more than 320 million shares

Del Mar, Calif .– (Newsfile Corp. – January 10, 2022) – Universal Wellness Holding Corp (OTC Pink: ADHC) fka American Diversified Holdings Corporation (“ADHC”) today announced that the company has filed an amended complaint adding more allegations against Tourist Cruise and its CEO Xavier Massana aka (Xavier Joan Massana I Modrono) CEO Ace Capital, Sergio Bellosta Suarez, CEO of Promocional Networks and CEO of Indo Global Exchanges (“IGEX”), Miroslav Zecevic, of Mina Mar Marketing Group (“Mina Mar Group”), Mina Mar Corporation and other Spanish entities (among others) involving allegations of serious misconduct against ADHC, a public company, Ernest B. Remo, and the shareholders of ADHC.

ADHC and Remo have amended their complaint, adding additional information and seeking further relief for Zecevic’s inappropriate interference in ADHC’s business relationship with a joint venture partner and a candidate for the acquisition of CBD. As detailed in the complaint, correspondence with the CEO of the acquisition candidate, Zecevic wrongly threatened to add them to the pending litigation after the announcement of the executed letter of intent. The amended complaint states that such actions interfered with ADHC’s business relationship, causing significant financial damage. Additionally, the amended complaint identifies Xavier Massana, a director of Tourist Cruise SL, as an individual with a history of inappropriate share issuances and return of shares to issuers. Indeed, as evidenced by various 8-K filings, in one such case earlier in 2021, Massana flipped tens of millions of shares of Mojo Data Solutions Inc. The amended complaint not only details Massana’s steamy past. by having to return millions of shares, but doing so in 8-K repositories where it (or its affiliates) shares the same address with Zecevic and Mina Mar Group.

The story continues

See MOJO DATA SOLUTIONS, INC. (Form: 8-K, Received: 09/21/2021 13:15:13).

See MOJO DATA SOLUTIONS, INC. (Form: 8-K / A, Received: 02/21/2019 5:09:23 PM).

The amended complaint can be viewed at the following address:
https://nevada.tylerhost.net/ViewServiceDocuments.aspx?ADMIN=0&SID=283181a5-d261-415b-8ea0-284438c5af74.

This lawsuit contains allegations of years of improper action which have caused material harm to ADHC shareholders. Presenting allegations of conversion and intentional interference with the contract against Zecevic (among other allegations), the complaint states: “In August and September 2019, Zecevic had more than 300 million ADHC shares issued to Spanish entities. However, the amounts that were paid because the shares were never received by ADHC. Instead of ensuring that ADHC would be paid for its shares, Zecevic arranged for the money to go directly to Mina Mar Corp., Zecevic’s own company. ADHC, then a Nevada company, received nothing for these large share issues. In addition to directing the payment to his company, Zecevic fixed the price of the shares issued to Tourist Cruise SL (one of the Spanish entities) at 10% of the then current price as traded on the open market. “In support of these statements, the complaint attaches an alleged” bank statement of August 12, 2019 ordering the payment of Tourist Cruise SL to Mina Mar Corp. ” [not ADHC] for 62,500,000 ADHC shares. “

In addition to the allegations of financial malfeasance against Zecevic, the complaint also seeks redress for the allegations of repeated misrepresentation by Zecevic against ADHC and its management. The body of the complaint includes images from a dozen social media posts and statements attributed to Zecevic, on which the complainants’ complaints are based. “Zecevic’s false claims are intended to create confusion and doubt about ADHC in the eyes of the public,” said the plea. Further, the complaint states that “Zecevic caused American Diversified Holdings Corp., a New York company unrelated to ADHC to be formed and incorporated in New York on October 27, 2021 with the aim of creating further confusion with the public about the identity and management of ADHC and otherwise exploiting the good name, reputation and trademarks of ADHC for its own benefit. “

According to the complaint, ADHC’s authorized and legal management team, both as a company and individually, has been the target of a repeated campaign of false and malicious actions which has resulted in a serious deterioration of the market value of ADHC shares.

“After more than two years of enduring repeated attacks on ADHC shareholders, this lawsuit sends a statement to the defendants that ADHC management will not stand still and allow shareholders to be victimized,” said the management of ADHC.

ADHC seeks monetary damages and other remedies to ensure that ADHC will no longer suffer this reprehensible behavior from the named defendants.

To review the amended complaint, interested parties can follow the link below.

https://nevada.tylerhost.net/ViewServiceDocuments.aspx?ADMIN=0&SID=283181a5-d261-415b-8ea0-284438c5af74

Universal Wellness Holdings Corporation (FKA) American Diversified Holdings Corporation is a publicly traded holding company under the ticker symbol (OTC Pink: ADHC).

Investor contact: eremo@universalwellnesshc.com, 858-259-4534, Twitter: @adhcmanagement

The information contained in this document includes forward-looking statements. These statements relate to future events or future financial performance, involving known and unknown risks and uncertainties that may cause our actual results to differ materially from the performance or achievements expressed. You should not place undue reliance on these statements as they involve known and unknown risks, matters beyond our control which may affect actual results. Any forward-looking statement reflects our current views regarding future events and is subject to uncertainties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109512