180 Connect Inc. Announces Record Date and Meeting Date for Special Stockholder Meeting
June 04 2008 - 6:28PM
PR Newswire (US)
Stock Symbols: OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB TORONTO, and
ENGLEWOOD, CO, June 4 /PRNewswire-FirstCall/ -- 180 Connect Inc.
("180 Connect" or the "Company") (OTCBB: CNCT.OB, CNCTU.OB,
CNCTW.OB), announced today that its Board of Directors has approved
July 8, 2008 as the date for a special meeting of stockholders to
vote on the proposed acquisition of 180 Connect by DIRECTV
Enterprises, LLC and has approved June 4, 2008 as the record date
for the meeting. On May 16, 2008, 180 Connect filed a preliminary
proxy statement in connection with the proposed transaction with
the Securities and Exchange Commission and on June 4, 2008, filed
the definitive proxy statement. The Company anticipates that the
definitive proxy statement will be mailed together with a proxy
card to 180 Connect stockholders of record as of the record date on
or about June 6, 2008. Important Additional Information will be
Filed with the SEC In connection with the proposed merger, 180
Connect has filed a proxy statement with the Securities and
Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO
READ THE FINAL PROXY STATEMENT, BECAUSE IT CONTAINS IMPORTANT
INFORMATION ABOUT THE MERGER AND THE PARTIES THERETO. Investors and
security holders may obtain a free copy of the proxy statement and
other documents filed by 180 Connect at the Securities and Exchange
Commission's Web site at http://www.sec.gov/. The proxy statement
and such other documents may also be obtained for free from 180
Connect by directing such request to 180 Connect Inc., 6501 E.
Belleview Avenue, Suite 500, Englewood, Colorado 80111, Attention:
Chief Financial Officer. Participants in the Solicitation 180
Connect and its directors, executive officers and other members of
its management and employees may be deemed to be participants in
the solicitation of proxies from its stockholders in connection
with the proposed merger. Information concerning the interests of
180 Connect's participants in the solicitation, which may be
different than those of 180 Connect stockholders generally, is set
forth in 180 Connect's proxy statements and Annual Reports on Form
10-K, both previously filed with the Securities and Exchange
Commission, and in the proxy statement relating to the merger.
Cautionary Note Regarding Forward-Looking Statements This press
release contains forward-looking statements based on current 180
Connect management expectations. Those forward-looking statements
include all statements other than those made solely with respect to
historical fact. Numerous risks, uncertainties and other factors
may cause actual results to differ materially from those expressed
in any forward-looking statements. The following factors, among
others, including those contained in 180 Connect's filings with the
SEC, including its Annual Report on Form 10-K for its most recent
fiscal year, especially in the Management's Discussion and Analysis
section and its Current Reports on Form 8-K, could also cause
actual results to differ materially from those described in the
forward-looking statements: the occurrence of any event, change or
other circumstances that could give rise to the termination of the
merger agreement; the outcome of any legal proceedings that may be
instituted against 180 Connect and others following announcement of
the merger agreement; the inability to complete the merger due to
the failure to obtain stockholder approval or the failure to
satisfy other conditions to completion of the merger; risks that
the proposed transaction disrupts current plans and operations and
the potential difficulties in employee retention as a result of the
merger; the ability to recognize the benefits of the merger; and,
the amount of the costs, fees, expenses and charges related to the
merger. Many of the factors that will determine the outcome of the
subject matter of this press release are beyond 180 Connect's
ability to control or predict. 180 Connect undertakes no obligation
to revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise. About 180 Connect Inc. 180
Connect Inc. is one of North America's largest providers of
installation, integration and fulfillment services to the home
entertainment, communications and home integration service
industries. With more than 4,000 skilled technicians and 750
support personnel based in over 85 operating locations, 180 Connect
is well positioned as the only pure play national residential
service provider in the market. 180 Connect shares are traded under
the name of 180 Connect Inc. on the OTCBB under the symbols
CNCT.OB, CNCTU.OB and CNCTW.OB. For more information about 180
Connect Inc, please visit http://www.180connect.net/. About
DIRECTV, Inc. DIRECTV, Inc. (NASDAQ:DTV), the nation's leading
satellite television service provider, presents the finest
television experience available to more than 16.8 million customers
in the United States and is leading the HD revolution with 95
national HD channels - more quality HD channels than any other
television provider. Each day, DIRECTV subscribers enjoy access to
over 265 channels of 100% digital picture and sound, exclusive
programming, industry-leading customer satisfaction (which has
surpassed cable for seven years running) and superior technologies
that include advanced DVR and HD-DVR services and the most
state-of-the-art interactive sports packages available anywhere.
For the most up-to-date information on DIRECTV, please visit
http://www.directv.com/. For information please contact the
following or visit 180 Connect's website at
http://www.180connect.net/. DATASOURCE: 180 Connect Inc. CONTACT:
Claudia A. Di Maio, 180 Connect Inc., TEL: 866-995-8888, DIRECT
LINE: (416) 930-7710, EMAIL: ; Devlin Lander Integrated Corporate
Relations, TEL.: (415) 292-6855
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