Durham Encourages Stockholders to Vote
July 27 2007 - 2:22PM
PR Newswire (US)
INDIANAPOLIS, July 27 /PRNewswire/ -- Timothy S. Durham encourages
all stockholders of CLST Holdings, Inc., formerly known as CellStar
Corporation, (the "Company") (OTC:CLHI) to vote at the Company's
Annual Meeting of Stockholders on July 31, 2007. Stockholders may
vote at the meeting or by delivering a proxy online or by
telephone. Mr. Durham has nominated Timothy S. Durham, Manoj
Rajegowda and Robert A. Kaiser for election to the Board of
Directors. Stockholders who need assistance with voting their
shares may call Morrow & Co. at +1-203-658-9400 and ask for
Fred Marquardt. 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 and the Company
have proposed competing slates of nominees. Whoever is elected at
the annual meeting of stockholders on July 31, 2007, will oversee
the liquidation and dissolution of the Company's assets and
business. Mr. Durham's nominees are committed 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. DATASOURCE: Timothy S.
Durham CONTACT: Timothy S. Durham, +1-317-237-4055,
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