The A Consulting Team Announces Postponement of Its Shareholders' Meeting
May 05 2005 - 2:00PM
Business Wire
The A Consulting Team ('TACT') (Nasdaq SmallCap: TACX), an IT and
Business Process Outsourcing (BPO) services provider to Fortune
1000 companies, announced that its board of directors has voted to
adjourn and postpone its shareholders' meeting scheduled for 10:00
a.m. this morning. TACT's board of directors has determined that
the disclosure in the proxy statement filed and delivered in
connection with the shareholders' meeting should be amended to
describe certain terms and implications of the contemplated
financing that Oak Finance Investments Limited ("Oak") intends to
enter into in order to finance its commitments in the transactions
described in the proxy statement. TACT will announce a new place
and date for the adjourned and postponed meeting as soon as
practicable. "Safe Harbor" Statements under the Private Securities
Litigation Reform Act of 1995: Statements made in this press
release which are not historical facts, including those that refer
to TACT plans, beliefs and intentions, are "forward-looking
statements" that involve risks and uncertainties. These risks and
uncertainties could cause actual results to differ materially from
the forward-looking statements, and include, but are not limited
to, TACT's ability to scale its existing and any new businesses.
For a more complete description of the risks that apply to TACT's
business, please refer to the Company's filings with the Securities
and Exchange Commission. The Company's actual results may differ
materially from the results anticipated in these forward-looking
statements as a result of certain factors set forth under Risk
Factors and elsewhere in the Company's Annual Report on Form 10-K
with the Securities and Exchange Commission on March 25, 2005
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