CDSS Wind Down Inc. (f/k/a Citadel Security Software) Announces Trading Symbol Change to CWDW Effective January 11, 2007.CDSS CDSS California Department of Social Services CDSS Clinical Decision Support Systems CDSS Country Dance and Song Society CDSS Canadian Down Syndrome Society CDSS Community Day Secondary Schools (Malawi) Pays Initial Distribution of $0.50 Per Common Share DALLAS -- CDSS Wind Down Inc., f/k/a/ Citadel Security Software Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CDSS) today announced that it will change its Over the Counter Bulletin Board Market trading symbol Trading symbol See: Ticker symbol to CWDW effective Thursday, January 11, 2007, at the opening of the market. As previously announced, its Board of Directors declared an initial cash dividend in the amount of $0.50 per common share from the proceeds of the sale of substantially all of the Company's assets to McAfee, Inc. The dividend was paid on January 5, 2007 to shareholders of record on January 2, 2007. As described in the company's Definitive Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. filed with the U.S. Securities and Exchange Commission on November 3, 2006, shareholders will receive two or more liquidating distributions. The initial distribution was made January 5, 2007 following expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of the 30 day indemnification Indemnification Used in insurance policy agreements as to compensation for damage or loss. In the context of corporate governance, Director Indemnification uses the bylaws and/or charter to indemnify officers and directors from certain legal expenses and judgements resulting from period contemplated by the asset purchase agreement, and the final cash distribution would be made when all liabilities of the company have been satisfied. The amount and timing of any remaining distributions are dependent upon a variety of factors, including the timing of winding up the Company's business, the amount of any indemnification payments, and the costs, expenses and time involved in satisfying the Company's current liabilities Current Liabilities Usually appearing on a company's balance sheet, it represents the amount owed for interest, accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one year. and obligations, and those incurred by the Company following the closing of the asset sale. The Company will announce a record date for the remaining distributions at least 10 days prior to the distributions. 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. This press release contains forward-looking statements based on current 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. These factors include, but are not limited to, (1) the ability to recognize the benefits of the asset purchase transaction, including without limitation the risk that the amount of the proposed distribution to the Company's common stockholders could be reduced based on uncertainties related to the amounts of taxes, liabilities, wind down expenses, indemnification obligations or transaction expenses; (2) the amount of the costs, fees, taxes, expenses and charges related to the transactions and winding down expenses; and (3) the matters disclosed in the "Risk Factors" sections of the most recent SEC filings by the Company. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company's ability to control or predict. The Company 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. |
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