Cincinnati Investor Votes for Durham Slate
July 25 2007 - 12:56PM
PR Newswire (US)
INDIANAPOLIS, July 25 /PRNewswire-FirstCall/ -- Robert Sibcy, a
Cincinnati investor, informed Timothy S. Durham today that he has
voted approximately 690,000 shares of the common stock of CLST
Holdings, Inc., formerly known as CellStar Corporation, (the
"Company") (Pink Sheets: CLHI) that he holds for the slate of
directors nominated by Mr. Durham for election at the Company's
upcoming annual meeting of stockholders. Mr. Durham's slate
consists of Timothy S. Durham, Manoj Rejegowda and Robert Kaiser.
Mr. Durham is an Indianapolis investor committed to maximizing the
return to CLHI's stockholders by completing the Company's
liquidation plan efficiently and expeditiously. His slate of
nominees are all investors or investment managers with significant
investments in the Company. Mr. Durham's nominees are expect to
devote their efforts to reducing the Company's operating expenses
and increasing liquidating dividends to the Company's stockholders,
and believe that they are more qualified to do so than the slate
proposed by the Company. In particular, Mr. Durham believes that
one of his nominees, Robert Kaiser, the Company's former Chief
Executive Officer, is uniquely qualified to guide the Company
through the process of winding up its operations and resolving any
potential indemnity or escrow claims from buyers of the Company's
businesses in a manner most favorable to the Company. Mr. Durham
believes that the Company's nominees have little experience with
the Company's former operations when compared to Mr. Kaiser.
SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT
AND OTHER DOCUMENTS RELATED TO MR. DURHAM'S AND THE COMPANY'S
SOLICITATION OF PROXIES FROM THE STOCKHOLDERS FOR USE AT THE
UPCOMING ANNUAL MEETING OF STOCKHOLDERS BECAUSE THEY CONTAIN
IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE
PARTICIPANTS IN MR. DURHAM'S AND THE COMPANY'S PROXY SOLICITATIONS.
DEFINITIVE PROXY STATEMENTS AND FORMS OF PROXY ARE AVAILABLE TO
STOCKHOLDERS OF CLST HOLDINGS, INC. AT NO CHARGE AT THE SECURITIES
AND EXCHANGE COMMISSION'S WEBSITE AT http://www.sec.gov/
DATASOURCE: Timothy S. Durham CONTACT: Timothy Durham,
+1-317-237-4055,
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