CLST Holdings Declares Cash Distribution
June 27 2007 - 8:56PM
PR Newswire (US)
COPPELL, Texas, June 27 /PRNewswire-FirstCall/ -- The board of
directors of CLST Holdings, Inc. (OTC Pink Sheets: CLHI) has
declared a cash distribution of $1.50 per share on common stock to
stockholders of record July 9, 2007. The distribution will be paid
no later than July 19, 2007. In the plan of dissolution approved
during the Company's Special Meeting of stockholders on March 28,
2007, the Company stated that no distribution of proceeds from the
U.S. and Mexico sales would be made until the investigation by the
Securities and Exchange Commission ("SEC") was resolved. Therefore,
the board of directors of CLST Holdings, Inc. has withheld
distribution of funds until this time. On June 26, 2007, the
Company received a letter from the staff of the SEC giving notice
of the completion of their investigation related to the Company's
Asia-Pacific Region with no enforcement action recommended to the
Commission. The Company exited the operations in the Asia-Pacific
Region in 2005. The Company is pleased to declare the cash
distribution at this time. The Company anticipates that it will
make additional distributions however, there can be no assurance of
the timing and amount of any such distributions. This news release
contains forward-looking statements, as defined in the Private
Securities Litigation Reform Act of 1995. DATASOURCE: CLST
Holdings, Inc. CONTACT: Sherrian Gunn of CLST Holdings, Inc.,
+1-972-462-3530, Web site: http://www.clstholdings.com/
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