Harbor Acquisition Corporation Announces Further Adjournment of Its Special Meeting of Stockholders to January 23, 2008
January 08 2008 - 10:40AM
Business Wire
Harbor Acquisition Corporation (Amex: HAC; HAC.U; HAC.WS; �Harbor�)
announced today that, at the reconvened session of the special
meeting of its stockholders held at 10:00 a.m. (Eastern Standard
Time) on Tuesday, January 8, 2008, the stockholders, by a majority
vote of the shares represented at the meeting, approved the further
adjournment of the special meeting until 10 a.m. (Eastern Standard
Time) on Wednesday, January 23, 2008. Harbor also announced that it
plans to mail later this week to its stockholders a supplement to
its proxy statement dated November 30, 2007 for the special
meeting, which supplement will describe developments which have
occurred since that date concerning the business of Elmet
Technologies, Inc. and certain other matters. The further
adjournment of the special meeting will provide Harbor stockholders
with additional time to consider the information contained in that
supplement and to vote on Harbor�s proposed acquisition of Elmet
Technologies, Inc and the related proposals at the special meeting.
The reconvened special meeting on January 23, 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 review the supplement, when
available, and 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 the supplement which
Harbor will mail to its all stockholders, each as filed with the
Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS
ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND SUCH
SUPPLEMENT BECAUSE THEY CONTAIN 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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