Aros to Postpone Annual Meeting of Stockholders.Business Editors ARNOLD, Md.--(BUSINESS WIRE)--Sept. 23, 2002 Aros Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AROS) today announces that it has decided to postpone its Annual Meeting of Stockholders which was to be held on September 30, 2002. Aros will reschedule its annual meeting for a date no later than November 30, 2002 and will mail new proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other to its stockholders. Any proxy card that has been returned will not be counted for purposes of the rescheduled annual meeting. About Aros Corporation Aros Corporation has been involved in the healthcare industry for over 15 years. Aros was formed as APACHE Medical Systems, Inc. in 1987 and was a provider of clinically based decision support information systems, clinical database management services and clinical trial consulting services until July 2001, when it sold substantially all of its assets to Cerner Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CERN CERN or European Organization for Nuclear Research, nuclear and particle physics research center straddling the French-Swiss border W of Geneva, Switzerland. ) in a cash transaction. Aros common stock has traded on the OTC bulletin board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. since February 2001. On June 21, 2002, Aros completed the acquisition of ReGen Biologics, Inc., whereby ReGen became a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Aros Corporation. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Safe Harbor 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 are based on the current expectations and beliefs of the managements of Aros and ReGen and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including those discussed in the Risk Factors section of Aros' current report on Form 8-K/A, filed with the Securities and Exchange Commission on September 4, 2002. Aros' filings with the SEC are available to the public from commercial document-retrieval services and at the Web site maintained by the SEC at http://www.sec.gov. |
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