AutoInfo, Inc. Announces Rescheduled Disclosure Statement Hearing Date Regarding its Chapter 11 Reorganization Plan.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--May 26, 2000 AutoInfo, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AUTO) today announced that the hearing schedule to be held before the Honorable Adlai S. Hardin, Jr., United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Judge, in Room 520 of the United States Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , 300 Quarropas Street, White Plains, New York For other places with the same name, see White Plains (disambiguation). White Plains is a city in south-central Westchester County, New York, about 4 miles (6 km) east of the Hudson River and 10601, on May 31, 2000 has been rescheduled for11:00 AM on June 7, 2000. William Wunderlich, President and Chief Financial Officer of AutoInfo stated, "the hearing date has been rescheduled to allow us additional time to file our amended disclosure statement. We anticipate that we will satisfy issues raised by all interested parties and are hopeful that the acceptance of the disclosure statement will lead to the timely confirmation of our reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. so that we may proceed toward the consummation of a transaction in our continuing efforts to restore shareholder value." This release contains "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. " based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expected or implied. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company, including the ultimate confirmation of the Bankruptcy Plan. Therefore, there can be no assurance that forward-looking statements will prove to be accurate. |
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