TX Holdings, Inc.'s Preferred Shares Retired

Monday January 14, 12:39 pm ET

ABILENE, Texas--(BUSINESS WIRE)--TX Holdings, Inc. (OTCBB:TXHG - News) The Board of Directors and I are thankful to our large dedicated share base. We want to take this time to wish all of you a safe, healthy, and prosperous New Year. As 2008 brings in a new year we are pleased to report that we have retired the Preferred Shares that carried super-voting rights that controlled the company policies. This gives the Shareholders equal voting rights based on their holdings and will now allow the Board to take the necessary decisions to take the company forward.
We are very excited and committed to making TX Holdings a profitable company as soon as possible. New goals have already been put in place for the future of TX and we feel confident that our investors will be seeing measures taken in order to get TX to become a revenue producing company. Our main priority will be to establish our production capability.

We would like to welcome Frank Shafer back in charge of Investor Relations. As many of you know Frank previously held this position with TX.

William “Buck” Shrewsbury

Chairman of the Board of Directors