DALLAS, June 18 /PRNewswire-FirstCall/ -- CLST
Holdings, Inc. (Pink Sheets: CLHI) announced today that on
June 17, 2010, the Board of Directors
of the Company approved amendments to its stockholder rights plan
(the "Rights Plan") and its Plan of Dissolution.
The amendment to the Rights Plan allows the Board, in the event
that rights under the Rights Plan are triggered and are not
exercisable for any reason, including the closing of the Company's
stock transfer records on June 24,
2010 pursuant to the Company's Plan of Dissolution, to make
adjustments to liquidating distributions payable to the Company's
stockholders, as would have been appropriate had an exchange of
rights been effected under the Rights Plan.
In addition, consistent with the Board's amendment to the Rights
Plan, the Board also approved an amendment to the Company's Plan of
Dissolution which allows the Board to adjust liquidating
distributions to the Company's stockholders in accordance with the
Rights Plan.
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, litigation results 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 or future events relating to 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, 2009,
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.
SOURCE CLST Holdings, Inc.