Access Solutions International Inc. Final Record Date and Dissolution.Business Editors/High-Tech Writers EAST GREENWICH East Greenwich is the name of:
Access Solutions International Inc. (Pink Sheets: ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. ) announced that its board of directors has established Aug. 26, 2003, as the final record date in connection with the plan of liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy and dissolution approved by the company's stockholders on Dec. 23, 2002. As of the close of business on Aug. 26, 2003, Access Solutions will close its stock transfer books and cease recording transfers of shares of its common stock. In addition, at the close of business on Aug. 26, 2003, the company will file a certificate of dissolution with the Secretary of State of the State of Delaware. Pursuant to Delaware law, the company will continue to exist for three years after the dissolution becomes effective or for such longer period as the Delaware Court of Chancery court of chancery n. pl. courts of chancery A court with jurisdiction in equity. Noun 1. court of chancery - a court with jurisdiction in equity chancery shall direct, solely for the purpose of prosecuting and defending lawsuits, settling and closing its business in an orderly manner, disposing of any remaining property, discharging its liabilities and distributing to its stockholders any remaining assets, but not for the purpose of continuing any business. In accordance with the plan of liquidation, Access Solutions will make liquidating distributions, if any, only to stockholders of record as of Aug. 26, 2003. The timing and amounts of any such distributions will be determined by the company's board of directors in accordance with the plan of liquidation. On Aug. 27, 2003, the company also will file with the Securities and Exchange Commission a Form 15 which will terminate the company's obligation to file periodic reports under the Securities Exchange Act of 1934. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any statements released by Access Solutions International Inc. that are forward looking are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements include statements about any liquidation proceeds. Forward-looking statements involve risks and uncertainties, which may affect the amount shareholders may receive upon liquidation. These include the ability of the company to find qualified buyers for its remaining assets at prices necessary to generate cash to satisfy its current and future obligations, the ability of the company to terminate its existing contractual obligations and the ability of the company to obtain necessary services at competitive prices. Access Solutions does not undertake any obligations to publicly update any forward-looking statements to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. Further information regarding these and other risks is included in the company's filings with the Securities and Exchange Commission. Thomas Gardner Col. Thomas Gardner (1724–July 3, 1775) was an American political figure and soldier. Gardner was born in Cambridge, Massachusetts. In 1755, he married Joanna Sparhawk, a member of one of Brighton's founding families. , Acting Chairman Access Solutions International Inc. c/o Point Gammon Point Gammon is a ferry boat operated by Hy-Line Cruises, and is homeported in Hyannis, Massachusetts, United States. She is a summer vessel, and can accommodate up to 390 passengers. Corp. One Providence Washington Plaza, 4th Floor Providence, RI 02903 |
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