BOSTON, Nov. 9 /PRNewswire-FirstCall/ -- Conihasset Capital Partners, Inc. (OTC:CNHA.OB) (BULLETIN BOARD: CNHA.OB) today announced that it intends to file a Form 15 on November 13, 2007 with the Securities and Exchange Commission to deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934. The Company expects the deregistration to become effective within ninety (90) days of the filing with the SEC. As a result of the filing of the Form 15, the Company's obligation to file with the SEC certain reports and forms, including Forms 10-KSB, 10-QSB and 8-K, will immediately cease. The Company presently intends to continue to make available its periodic financial information commencing with the period ending September 30, 2007. The Company anticipates that its shares will be traded on the Pink Sheets, but can make no assurances that any broker will make a market in the Company's common stock. The Pink Sheets is a centralized quotation service that collects and publishes market maker quotes in real time, primarily through its web site, http://www.pinksheets.com/. The Company's Board of Directors determined, after careful consideration, that deregistering is in the overall best interests of the Company's stockholders. Several factors were considered by the Board of Directors in making this decision, including the following: * The elimination of disproportionately large costs associated with the preparation and filing of the Company's periodic reports and other filings with the SEC; * The elimination of substantial increases in legal, audit and other costs associated with being a public company in light of new regulations promulgated as a result of the Sarbanes-Oxley Act of 2002 and the SEC rules thereunder; * The nature and extent of current trading in the Company's common stock, which is limited; * The concentration of stock ownership in relatively few holders of the Company's common stock; and * The lack of analysts' coverage and minimal liquidity for the Company's common stock. Statements included in this press release that are not historical in nature are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "1995 Act"). The words "believe," "expect," "anticipate," "estimate," "guidance," "target" and similar expressions identify forward-looking statements. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in the forward-looking statements. Certain risks and uncertainties are identified from time to time in the Company's reports filed with the SEC. The Company claims the protection of the safe harbor for forward-looking statements contained in the 1995 Act. CONTACT: Richard D. Bailey President and Chief Executive Officer Conihasset Capital Partners, Inc. (617) 235-7215 DATASOURCE: Conihasset Capital Partners, Inc. CONTACT: Richard D. Bailey, President and Chief Executive Officer, Conihasset Capital Partners, Inc., +1-617-235-7215

Copyright