PHILADELPHIA, April 19, 2017 /PRNewswire/ -- Horton Capital
Partners Fund, LP ("Horton"), one of the largest outside
shareholders of CPS Technologies Corp. ("CPS" or the "Company")
(NASDAQ: CPSH) with ownership of approximately 5% of the common
stock, announced that it has published a presentation (the
"Presentation") urging the Company's shareholders to vote
"AGAINST" the Company's current slate of Directors at the
upcoming Annual Meeting of Shareholders to be held on May 5, 2017.
As outlined in its prior letters and reiterated
in the presentation released today, Horton believes CPS has
significant potential but has continually and significantly
underperformed its comparable peer group by a differential of at
least 100% over the past 1, 3, 5 and 10 years.
The Horton Fund has made significant efforts over
the past several years to offer help and insight to improve the
Company - yet its efforts have been courteously but firmly rebuffed
by the Company. Since going public with its concerns last December,
Horton has received encouraging, positive feedback from
approximately 25% of the shareholder base who are also supportive
of meaningful change.
This year's shareholder vote matters more than
ever as the Company has recently adopted Horton's majority voting
proposal for the election of Directors.
Horton urges CPS shareholders to send a clear
message to the Board that the status quo is no longer acceptable by
voting "AGAINST" the Company's current nominees for
Directors.
Links to Horton's Public Communications
December Letter:
http://thehortonfund.com/wp-content/uploads/2016/12/cpsbodletter121616Final.pdf
March Letter:
http://thehortonfund.com/wp-content/uploads/2017/03/Horton-Letter-to-CPSH-BOD-03312017.pdf
April Presentation:
http://thehortonfund.com/wp-content/uploads/2017/04/Horton-Presentation-to-CPSH-Shareholders-April-2017.pdf
About Horton Capital Partners Fund, LP
Horton Capital
Partners Fund, LP is an investment firm making concentrated
investments in undervalued and under-appreciated small and
micro-capitalization public companies. The Fund seeks to identify
value-creation opportunities and work with management teams and
Boards to enhance growth and shareholder returns.
Investor contact:
Joe Manko (215) 399-5402
www.thehortonfund.com
Media contact:
Damien Park (215) 325-0514
www.hedgerelations.com
This is not a solicitation of authority to vote your proxy.
Horton is not asking for your proxy card and will not accept proxy
cards if sent. Please DO NOT send us your proxy card.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/horton-capital-partners-urges-cps-technologies-shareholders-to-vote-against-entrenched-board-candidates-grant-bennett-thomas-culligan-francis-hughes-and-daniel-snow-300442191.html
SOURCE Horton Capital Partners Fund, LP