Digital Lava Inc. Postpones Annual Meeting.Business Editors MARINA DEL REY Del Rey may refer to:
Digital Lava Inc. (AMEX AMEX See: American Stock Exchange :DGV DGV Doppler Global Velocimetry DGV Direção Geral de Viação ) today announced that its Annual Meeting of Stockholders originally scheduled to be held at 3 p.m. on May 31, 2000, is being postponed until a later date, which the company presently anticipates will be in early July. The purpose of this change is to allow Digital Lava's stockholders to consider an additional proposal related to the company's financing alternatives and to authorize the issuance of additional shares. The rules of the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , on which Digital Lava's shares are listed, require stockholder approval of share issuances under certain circumstances. Therefore, in order to comply with the rules of the American Stock Exchange and to allow stockholders time to consider this proposal in light of the information presented in the company's current 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. , the company will provide stockholders with a supplemental proxy statement with more information about the proposed transaction. Digital Lava will hold its Annual Meeting as soon as practicable following the distribution of supplemental 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 . About Digital Lava Digital Lava is a communications Application Services Provider (ASP) that offers rich mixed media software applications that seamlessly link digital video and audio content with a variety of other formats such as text, graphics, animation and Web links. The company's robust in-house service offering provides a turnkey solution that delivers rich media quickly and efficiently. These solutions provide end-users with a fully integrated and interactive experience on their computer desktops delivered via the Internet, intranet, extranet, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). or any combination. Digital Lava's business-to-business solutions are employed by Fortune 1000 companies in corporate communications, sales, marketing and training applications. Digital Lava's partners and clients include Microsoft, InterVu, RealNetworks, Cisco Systems, Dell Computers, Hewlett-Packard, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , Prudential Insurance, Lotus Development Corp., Shell Chemical and Zurich-American Insurance. Digital Lava has headquarters in Marina del Rey. For additional information, visit Digital Lava's Web site at http://www.digitallava.com or call 888/222-LAVA. This news release contains forward-looking statements concerning the business and products of the company. Actual results may differ from those projected or implied by such forward-looking statements depending on a number of risks and uncertainties including, but not limited to, the following: development, shipment and market acceptance. Other risks inherent in the business of the company are described in Securities and Exchange Commission filings, including the company prospectus on Form SB-2. The company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. |
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