CLST Holdings, Inc. Announces Filing of Certificate of Dissolution
February 09 2010 - 6:51PM
PR Newswire (US)
Trading of Common Stock to cease after February 26, 2010 DALLAS,
Feb. 9 /PRNewswire-FirstCall/ -- CLST Holdings, Inc. (Pink Sheets:
CLHI) announced today that it plans to file its Certificate of
Dissolution with the Delaware Secretary of State on February 26,
2010, in accordance with its previously announced plan of
dissolution. Immediately after the close of business on February
26, 2010, the company will close its stock transfer books and
discontinue recording transfers of its common stock, except by
will, intestate succession or operation of law. Accordingly, it is
expected that the trading of the company's stock on the Pink Sheets
will cease not later than the close of business on February 26,
2010. Additional information regarding the company's plan of
dissolution is available on its Proxy Statement on Schedule 14A,
filed with the Securities and Exchange Commission on January 23,
2007 and subsequent filings with the Securities and Exchange
Commission. The company's plan of dissolution contemplates an
orderly wind down of its business and operations, the satisfaction
of or provision for its liabilities and the distribution of any net
assets to stockholders. The timing of any distributions to
stockholders cannot be determined at this time. Forward-Looking
Statements Certain information included herein may constitute
"forward-looking" statements for purposes of the Securities Act of
1933, as amended, and the Securities Exchange Act of 1934, as
amended, and, as such, may involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially
different from future results, performance or achievements
expressed or implied by such forward-looking statements. When used
in this report, the words "anticipates," "estimates," "believes,"
"continues," "expects," "intends," "may," "might," "could,"
"should," "likely," "plan," and similar expressions are intended to
be among the statements that identify forward-looking statements.
Statements of various factors that could cause the actual results,
performance or achievements of the Company to differ materially
from the Company's expectations ("Cautionary Statements") are
disclosed, including, without limitation, those discussed in the
"Risk Factors" section in Part I, Item 1A of the Company's Annual
Report on Form 10-K for the fiscal year ended November 30, 2008, as
amended and Part II, Item 1A of the Company's Quarterly Report on
Form 10-Q for the quarter ended August 31, 2009, as amended, those
statements made in conjunction with the forward-looking statements
and otherwise herein. All forward-looking statements attributable
to the Company are expressly qualified in their entirety by the
Cautionary Statements. We have no intention, and disclaim any
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future results or
otherwise. DATASOURCE: CLST Holdings, Inc. CONTACT: Robert A.
Kaiser, President, Chief Executive Officer of CLST Holdings, Inc.,
+1-972-267-0500
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