Atlas Acquisition Holdings Corp. Sets Date for Special Meetings of Stockholders & Warrantholders Regarding Proposed Bus. Comb...
January 26 2010 - 10:19PM
Business Wire
Atlas Acquisition Holdings Corp. (“Atlas”) (NYSE AMEX:AXG) (NYSE
AMEX:AXG.U) (NYSE AMEX:AXG.WT) today announced that it will hold a
special meeting of stockholders to approve, among other proposals,
a business combination with Koosharem Corporation, a California
corporation doing business as Select Staffing, and a special
meeting of warrantholders to approve, among other things, the
conversion of all of its outstanding warrants into 1,677,000 shares
of its common stock. The special meeting of warrantholders will be
held at 10:00 a.m., Eastern time, and the special meeting of
stockholders will be held at 10:30 a.m., Eastern time, both on
February 12, 2010, at the offices of Greenberg Traurig, LLP, Atlas’
counsel, at The MetLife Building, 200 Park Avenue, New York, New
York 10166. Atlas stockholders and warrantholders of record as of
the close of business on January 15, 2010 are being furnished with
notice of and voting materials relating to the special
meetings.
In addition, Atlas announced today that the parties to the
proposed business combination received notice from the Federal
Trade Commission's Premerger Notification Office on January 26,
2010 that their request for early termination of the
Hart-Scott-Rodino waiting period was granted, effective
immediately.
About Atlas Acquisition
Holdings Corp.
Atlas is a special purpose acquisition company formed in 2007 by
James N. Hauslein, Chairman and Chief Executive Officer, and Gaurav
V. Burman, President, for the purpose of effecting a business
combination. On January 30, 2008, Atlas completed its initial
public offering of 20,000,000 units for an offering price of $10.00
per unit, or an aggregate of $200,000,000. Each unit consists of
one share of common stock, par value $.001, and one warrant. Each
warrant entitles the holder to purchase one share of common stock
at a price of $7.00 commencing on the consummation of a business
combination.
About Select
Staffing
Select Staffing is a leading provider of temporary staffing
services in the United States. Through a network of company-owned
and franchise agent offices, Select Staffing offers a wide range of
temporary staffing solutions for over 200 job classifications
across a range of service categories. Select Staffing provides its
services in 45 states through 355 offices, of which 202 are
company-owned and 153 are franchise agent offices. Select Staffing
has rapidly expanded its revenue and U.S. market share during the
past several years through numerous acquisitions and the efforts of
its strong national, regional, and local sales teams. Select
Staffing’s revenues have grown during the last four years at a
compounded annual rate of nearly 36%, from $411 million in 2004 to
over $1.4 billion in 2008.
Additional Information and
Where to Find It
In connection with the special meeting of stockholders and
special meeting of warrantholders, Atlas has filed with the
Securities and Exchange Commission (“SEC”) a definitive proxy
statement on January 26, 2010. On January 27, 2010, Atlas will mail
the definitive proxy statement to its stockholders and
warrantholders of record on January 15, 2010. You may obtain copies
of all documents filed by Atlas with the SEC, free of charge, at
the SEC’s website (www.sec.gov).
Atlas and its directors and officers may be soliciting proxies
from Atlas stockholders and warrantholders in favor of the
proposals. Information regarding the persons who, under the rules
of the SEC, are participants in the solicitation of Atlas
stockholders and warrantholders in connection with the proposals
are set forth in the definitive proxy statement filed with the SEC.
You can find more information about Atlas in its filings with the
SEC.
This press release is not a proxy statement or a solicitation of
proxies from Atlas stockholders and warrantholders. Any
solicitation of proxies will be made only pursuant to a definitive
proxy statement to be mailed to Atlas stockholders and
warrantholders who held Atlas stock or warrants, as applicable, as
of the record date. Atlas urges its stockholders and warrantholders
to read the definitive proxy statement and appendices thereto,
because they contain important information about Atlas and the
proposals to be presented at the special meetings of stockholders
and warrantholders.
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