Harbor Acquisition Corporation Announces Its Intention to Further Adjourn Special Meeting of Stockholders to January 8, 2008
December 28 2007 - 4:30PM
Business Wire
Harbor Acquisition Corporation (Amex: HAC; HAC.U; HAC.WS; �Harbor�)
announced today that it intends to further adjourn the special
meeting of its stockholders now scheduled for 10:00 a.m. (Eastern
Standard Time) on Monday, December 31, 2007, without conducting any
business, and reconvene the special meeting at 10 a.m. (Eastern
Standard Time) on Tuesday, January 8, 2008, in order to give it
more time to solicit proxies and its stockholders additional time
to consider and vote on the proposed acquisition of Elmet
Technologies, Inc and the related proposals at the special meeting.
The reconvened special meeting on January 8, 2008 will be held at
the offices of Davis, Malm & D�Agostine, P.C., One Boston
Place, 37th Floor, Boston, Massachusetts, the same location as
described in the original notice for the special meeting. Harbor
encourages all its stockholders to vote at the reconvened special
meeting. About Elmet Technologies, Inc. Originally founded in 1929,
Elmet became an independent company in early 2004 when its current
CEO Jack Jensen led the management buyout of Elmet from its former
parent, Philips Electronics North America Corporation. Under Jensen
and his management team, Elmet has enjoyed growth by providing
innovative refractory metal solutions to OEMs serving such
industries as data storage, semiconductor, medical, electronics and
lighting. Elmet now employs approximately 240 personnel, including
highly-skilled sales, design, engineering, and production
professionals at its Lewiston, Maine headquarters. Elmet�s products
are typically custom-engineered components used in products such as
medical imaging devices, silicon wafer chip manufacturing
equipment, and specialty commercial and residential lighting
applications. About Harbor Acquisition Corporation Based in Boston,
Harbor is a publicly traded, special purpose acquisition
corporation (�SPAC�) formed to acquire a company in the industrial
or consumer products sectors. The contemplated transaction is
subject to shareholder approval, and certain other closing
conditions. Upon completion of the transaction, Harbor intends to
change its corporate name to Elmet Technologies Corporation. Not a
Proxy Statement This press release is not a proxy statement or a
solicitation of proxies from the holders of common stock of Harbor
and does not constitute an offer of any securities of Harbor for
sale. Any solicitation of proxies will be made only by the
definitive proxy statement that Harbor has mailed to all
stockholders and filed a definitive proxy statement with the
Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS
ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT BECAUSE IT
CONTAINS IMPORTANT INFORMATION. Investors and security holders may
obtain a free copy of the definitive proxy statement and other
documents filed by Harbor at the Securities and Exchange
Commission�s web site at http://www.sec.gov. Forward Looking
Statements This press release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended (the �Securities Act�), and Section 21E of the Securities
Exchange Act of 1934, as amended (the �Exchange Act�). These
forward-looking statements are based on current expectations and
projections about future events and no party assumes an obligation
to update any such forward-looking statements. These
forward-looking statements are subject to known and unknown risks,
uncertainties and assumptions about Harbor and Elmet that may cause
actual results to be materially different from any future results
expressed or implied by such forward-looking statements. In some
cases, you can identify forward-looking statements by terminology
such as �may,� �should,� �could,� �would,� �expect,� �plan,�
�anticipate,� �believe,� �estimate,� �continue,� or the negative of
such terms or other similar expressions. Factors that might cause
our future results to differ from those statements include, but are
not limited to, delays may require Harbor to obtain an extension
from Elmet and its stockholders to the date by which the
acquisition of Elmet must be consummated, which Elmet and its
stockholders may be unwilling to provide; delays may require Harbor
to obtain an extension of the commitment from its bank lenders,
which such lenders may be unwilling to provide, the failure of
Harbor�s stockholders to approve the acquisition and the
transactions contemplated thereby; the number and percentage of
Harbor�s stockholders voting against the acquisition and electing
to exercise their conversion rights; changing interpretations of
generally accepted accounting principles; costs associated with
continued compliance with government regulations; legislation or
regulatory environments, requirements or changes adversely
affecting the businesses in which Elmet is engaged; the continued
ability of Elmet to successfully execute its business plan; as well
as other relevant risks detailed in Harbor�s filings with the
Securities and Exchange Commission.
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