CLST Holdings Retains Morrow & Co. in Preparation for Its Annual Meeting of Shareholders
March 23 2009 - 8:04PM
PR Newswire (US)
DALLAS, March 23 /PRNewswire-FirstCall/ -- CLST Holdings, Inc.
(Pink Sheets: CLHI) announced today that it has retained Morrow
& Co., LLC to assist in the distribution of proxy materials and
the solicitation of shareholder proxies. "We are pleased to retain
the services of Morrow & Co. as we prepare for our annual
meeting of shareholders, being held on May 22, 2009," said Robert
A. Kaiser, CLST Holdings' President and Chief Executive Officer.
"We look forward to their assistant and advice on proxy
solicitation and other related matters." About Morrow & Co.
Morrow & Co., LLC (Morrow) is a world leader in security-holder
services. With unmatched experience in the industry, leading-edge
strategies and solid tactical implementation, Morrow is the advisor
of choice for more than 600 publicly traded companies, mutual
funds, and others looking to reach and influence shareholders.
About CLST Holdings, Inc. The Company was founded in 1981 and was
formerly known as CellStar Corporation. It changed its name to CLST
Holdings, Inc. in 2007. While CLST Holdings, Inc. continues to
follow its adopted plan of dissolution, approved on March 28, 2007,
it is also engaged in the business of holding and collecting
consumer accounts receivables. Although the Company consummated
three acquisitions of receivables portfolios during late 2008 and
early 2009, the Board of Directors and management has not abandoned
its plan of dissolution and has continued to evaluate the best
options for more advantageous shareholder value. Forward-Looking
Statements Certain information included herein and in other company
reports may contact forward-looking statements, including
statements concerning estimated future sales and earnings, new
product introduction and operational improvement. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the actual results in future periods of CLST Holdings,
Inc. to differ materially from forecasted results. In connecting
with its Annual Meeting to be held May 22, 2009, CLST Holdings,
Inc. will be filling a preliminary proxy statement. White card and
other materials with the U.S. Securities and Exchange ("SEC").
Please refer to our reports and filings with the SEC, including our
most recent Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q, for a further discussion of these risks and
uncertainties. We also caution you not to place undue reliance on
forward-looking statements, which speak only as of the date they
are made. We undertake no obligation to update publicly any
forward-looking statements to reflect new information, events or
circumstances after the date they were made or to reflect the
occurrence of unanticipated events. DATASOURCE: CLST Holdings, Inc.
CONTACT: Robert A. Kaiser, President, Chief Executive Officer of
CLST Holdings, Inc., +1-972-267-0500
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