ATI Nationwide Holding Corp., defined herein as the “Company,” the “Issuer” or “we,” is a holding company whose purpose is to develop into financial business opportunities in the form of microfinancing ventures or full-fledged national savings and loan operations in Ghana and elsewhere internationally.
From a historical perspective, the Company was originally incorporated in the State of Florida on September 24, 2001. Initially founded as a corporation to conduct “any and all lawful business,” its original articles of incorporation granted authority to issue 20,000,000 shares of $0.001 par value capital common stock and 2,000,000 shares of 0.001 par value “preferred” stock. The Company did not issue any shares of stock immediately after its inception. Steven L. Priskie was appointed as the Company's first director. James C. Vernon was then appointed as a second director in 2004.
In 2008, the Company increased its common stock from 20,000,000 shares to 100,000,000 shares. Thereafter the Company did not file its annual reports for three years. The Company was reinstated in 2011 as a result of a merger. Joseph Passalaqua was appointed as the Company's Chief Executive Officer. James C. Vernon and Steven L. Priskie were removed as directors, and thereafter Mr. Passalaqua served as the sole director and officer. As a result of the merger, Mr. Passalaqua owned 30,000,000 shares of the Company's common stock.