CenCor Inc. Makes Announcement.MISSION, Kan.--(BUSINESS WIRE)--Aug. 24, 1999-- CenCor, Inc. ("the Company") announced today that it is filing a petition with 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 seeking to continue its existence as a dissolving Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. from its current expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of October 1, 1999, until a new proposed expiration date of December 23, 1999, without prejudice Without any loss or waiver of rights or privileges. When a lawsuit is dismissed, the court may enter a judgment against the plaintiff with or without prejudice. When a lawsuit is dismissed without prejudice to its right to seek a further extension. The petition asserts that the requested extension is appropriate to permit more time to complete various wind-down tasks. The Company will issue a further press release once the Delaware Court of Chancery rules on the petition. Statements contained in this release that are not based on historical fact are "forward-looking statements" within the meaning 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. Important factors, beyond the Company's control, that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the factors set forth above. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligations to publicly release revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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