Children's Comprehensive Services Calls Special Meeting of Shareholders to Vote On Merger.Business Editors NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 10, 2001 Ameris Acquisition, Inc. Obtains Commitments for the Remaining Financing Required to Consummate To carry into completion; to fulfill; to accomplish. A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife. the Merger Children's Comprehensive Services, Inc. ("CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. ") (Nasdaq/NM: KIDS) today announced that it has called a Special Meeting of Shareholders for January 2, 2002, to vote on the Company's previously announced proposed merger with Ameris Acquisition, Inc. ("Ameris"). In its 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. being mailed today, CCS states that Ameris has received commitments for the remaining financing required to consummate the proposed transaction, in which Ameris will purchase all the outstanding shares of CCS for $6.00 per share in cash. If the CCS shareholders approve the merger agreement at the Special Meeting of Shareholders and provided that the other conditions to the merger have been met, including a lack of material adverse change in CCS's business and other usual and customary closing conditions, the Company expects the merger will become effective during the first week of January 2002. To take advantage of 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, you are hereby cautioned that 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. that are based upon current expectations and involve a number of risks and uncertainties. Please refer to CCS's filings with the Securities and Exchange Commission for additional information. The Company disclaims any intent or obligation to update these forward-looking statements. Children's Comprehensive Services provides education, treatment and juvenile justice services for at-risk and troubled youth either directly or through management contracts. It currently offers these services through the operation and management of nonresidential specialized education programs and day treatment programs and both open and secured residential treatment centers A residential treatment center, often referred to by the acronym RTC, is a live-in therapy/behavior modification facility for adolescents who suffer from a variety of emotional conditions, ranging from drug abuse to violence to sexual behavioral problems. to approximately 3,100 youth in 14 states. More information about Children's Comprehensive Services is available on the Company's Website at http://www.ccskids.com. |
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