TMM, Inc. Shareholder Meeting
October 19 2011 - 4:06PM
Marketwired
TMM, Inc. (PINK SHEETS:TMMI) ("TMMI" or "the Company") held a
shareholders' meeting on October 17, 2011.
Shareholders were asked to vote for Gerard Cavanaugh and Michael
Kozole CPA as Directors to replace Michael Fernandez and Dan
Shields as Directors of the Company. A total of 113,086,663 shares
out of the Company's 202,475,200 issued and outstanding shares as
of the record date (55.85%) were voted and the results are shown in
the table below:
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Proposition For Against Abstain Total
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Gerard Cavanaugh as Director 109,732,458 3,093,151 315,054 113,086,663
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Michael Kozole CPA as Director 109,689,321 3,093,788 303,554 113,086,663
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The percentage of shares voting that are necessary for a quorum
for a shareholder meeting is 50.1% of the issued and outstanding
shares, which in the case of TMM, Inc. in terms of actual shares
voting needed for a quorum was 101,440,075 shares. The TMM, Inc.
shareholder meeting had the necessary quorum and the voting
shareholders voted overwhelmingly (97.03% - For versus 2.7% -
Against) to replace Michael Fernandez and Daniel Shields with
Gerard Cavanaugh and Michael Kozole as Directors of the
Company.
In addition, the new Board of Directors by unanimous Consent
also appointed Mr. Cavanaugh and Mr. Kozole as officers of the
Company with the following titles:
Gerard V. Cavanaugh: President and Chairman of the Board
Michael K. Kozole: Treasurer and Secretary
Gerard Cavanaugh has over 35 years creating innovative business
solutions, devising strategies and executing tactics for some of
the world's leading companies in helping client companies in a
broad spectrum of industries grow and prosper. Michael Kozole, CPA,
is a Certified Public Accountant in public practice since 1978 and
has prepared financial statements and reports analyzing corporate
financial data for planning and decision making purposes.
It is the intention of such new Directors and management to
restore the Company to a proper functioning corporation which will
enable TMM, Inc. to pursue business opportunities with its
technology and build long-term shareholder value.
Shareholders who are interested in receiving electronic
corporate information are encouraged to register at the Company's
website at tmmi.us.
Shareholders can now contact the Company at 1-800 821-9877.
Safe Harbor Statement
The information in this release contains forward-looking
statements which involve risks and uncertainties, including
statements regarding the Company's capital needs, business strategy
and expectations. Any statements contained herein that are not
statements of historical fact may be deemed to be forward-looking
statements, which may be identified by terminology such as "may",
"should", "will", "expect", "plan", "intend", "anticipate",
"believe", "estimate", "predict", "potential", "forecast",
"project", or "continue", the negative of such terms or other
comparable terminology. Readers should not rely on forward-looking
statements as predictions of future events or results. Any or all
of the Company's forward-looking statements may turn out to be
wrong. They can be affected by inaccurate assumptions, risks and
uncertainties and other factors which could cause actual events or
results to be materially different from those expressed or implied
in the forward-looking statements. Factors may cause the Company's
actual results to differ materially from any forward-looking
statement. In addition, new factors emerge from time to time and it
is not possible for the Company to predict all factors that may
cause actual results to differ materially from those contained in
any forward- looking statements. The Company disclaims any
obligation to publicly update any forward-looking statements to
reflect events or circumstances after the date of this document,
except as required by applicable law.
Contacts: TMM, Inc. 1-800 821-9877info@tmmi.uswww.tmmi.us
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