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Critical Path, Inc. Expects to Adjourn Special Meeting to June 22, 2004.


Business Editors/High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--June 10, 2004

Critical Path, Inc. (Nasdaq:CPTH) today announced that as of the close of business today the Company had not yet received votes from a quorum A majority of an entire body; e.g., a quorum of a legislative assembly.

A quorum is the minimum number of people who must be present to pass a law, make a judgment, or conduct business.
 of shareholders necessary to conduct business at the special meeting scheduled for June 11, 2004. Under the General Corporation Law of California and the Company's bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management.

Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an
, the presence in person or by proxy of the holders of a majority of the shares entitled to vote is required to take any action at the special meeting.

Due to the national day of mourning National Day of Mourning may refer to:
  • National Day of Mourning (United States), held on the fourth Thursday of November, an American Indian protest
  • National Day of Mourning (Canada), held 28 April, a commemoration of workers killed or injured on the job
 and the closing of public offices on June 11, 2004, the Company does not expect to receive additional proxies prior to the meeting. However, the Company intends to convene the meeting as scheduled. If a quorum is not present at that time, the meeting will be immediately adjourned to June 22, 2004, at 10:00 a.m. (Pacific Time), at Critical Path's principal offices located at 350 The Embarcadero, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation).

The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 
.

Company shareholders who have not yet voted are strongly encouraged to vote immediately. Shareholders may vote by completing and returning their proxy card A proxy card is an easily-acquired or home-made substitute for a collectible card. A proxy is used when a collectible card game player does not own a card, and it would be impractical for such purposes to acquire the card.  in accordance with the instructions included in their 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
, or by attending the special meeting. Shares held in street name should be voted by contacting the shareholder's financial institution in whose name the shares are held. For further assistance, shareholders may also contact Georgeson Shareholder, the Company's solicitation agent, at 800-843-1451.

If the shareholders meeting is adjourned as expected, the Company expects to extend the expiration of the rights offering until July 2, 2004.

A post-effective amendment to the registration statement relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 these securities has been filed with the Securities and Exchange Commission, but it has not yet become effective. These securities may not be offered and offers may not be accepted prior to the time the registration statement becomes effective. The rights offering will only be made by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities in the rights offering, nor shall there be any sale of any securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Critical Path, Inc.

Critical Path, Inc. (Nasdaq:CPTH) is a global provider of digital communications Transmitting text, voice and video in binary form. See communications.  software and services, headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . More information is available at www.criticalpath.net.

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 by the Company. The words and expressions "look forward to," "will," "expect," "plan," "believe," "seek," "strive for," "anticipate," "hope," "estimate" and similar expressions are intended to identify the Company's forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, our evolving business strategy and the emerging and changing nature of the market for our products and services, our ability to deliver on our sales objectives, the ability of our technology and our competitors' technologies to address customer demands, changes in economic and market conditions, unplanned system interruptions, capacity constraints, software and service design defects, any changes to the terms of the rights offering in order to comply with the rules and regulations of the Securities and Exchange Commission or The Nasdaq Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
 and consummation of the proposed rights offering. These and other risks and uncertainties are described in more detail in the Company's filings with the U.S. Securities and Exchange Commission (www.sec.gov) made from time to time, including Critical Path's Annual Report on Form 10-K/A for the fiscal year ended December 31, 2003 and Current Reports on Form 8-K Form 8-K

The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.


Form 8-K

See 8-K.
, as may be amended from time to time, and all subsequent filings with the Securities and Exchange Commission (www.sec.gov). The company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.

Note to Editors: Critical Path and the Critical Path logo are the trademarks of Critical Path, Inc. All other trademarks are the property of their holders.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 10, 2004
Words:706
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