Geneva Acquisition Corp. Announces January 23, 2009 as Record Date
January 13 2009 - 2:16PM
Business Wire
Geneva Acquisition Corp. (NYSE Alternext US: GAC; GAC-WT;
GAC-U) (�Geneva�) today announced January 23, 2009 as the
record date for the Special Shareholder Meeting. Stockholders of
record as of January 23, 2009, will be invited to attend the
Special Shareholder Meeting, or submit a proxy, to vote on Geneva�s
acquisition of Global High-Tech (GHIL) as well as the other
proposals included in Geneva�s proxy statement. The date of the
Special Shareholder Meeting will be announced in the near
future.
James McGrath, Geneva�s President, commented, �We look forward
to working closely with�GHIL�s management to build the Company into
a significant player�in the Indian steel industry, starting
immediately after the closing of the acquisition.�
About Geneva Acquisition
Corporation & Global Hi-Tech
Geneva Acquisition Corporation is a blank check company whose
objective is to effect a merger, capital stock exchange, asset
acquisition or other similar business combination with an operating
business. On November 28, 2008, Geneva announced that it has
entered into a definitive agreement to acquire privately held GHIL,
an Indian integrated steel producer.
The closing of the transaction is subject to approval by the
stockholders of Geneva Acquisition Corporation. In accordance with
Geneva�s certificate of incorporation, the transaction will be
consummated if not more than 20% of the shares of Geneva vote
against the acquisition and elect to convert their shares into
cash.
This press release contains statements which constitute
forward-looking statements within the meaning of Section�27A of the
Securities Act of 1933, as amended, and Section�21E of the
Securities Exchange Act of 1934, as amended. Those statements
include statements regarding the intent and belief or current
expectations of Geneva and GHIL and their respective management
teams. These statements may be identified by the use of words like
�anticipate�, �believe�, �estimate�, �expect�, �intend�, �may�,
�plan�, �will�, �should�, �seek� and similar expressions.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those projected in the forward-looking statements.
Important factors that could cause actual results to differ
materially from Geneva�s and GHIL�s expectations include, without
limitation, the failure of Geneva�s stockholders to approve
transaction with GHIL, the number and percentage of Geneva�s
stockholders voting against the transaction with GHIL and electing
to exercise their redemption rights, changing interpretations of
generally accepted accounting principles, costs associated with
continued compliance with government regulations, legislation and
the regulatory environment, the continued ability of GHIL to
successfully execute its business plan, the amount of capital
actually deployed into the expansion plan, demand for the products
and services GHIL provides, general economic conditions,
geopolitical events and regulatory changes, as well has other
relevant risks detailed in Geneva�s filings with the Securities and
Exchange Commission (the �SEC�). Geneva and GHIL undertake no
obligation to publicly update any forward-looking statements for
any reason, even if new information becomes available or other
events occur in the future.
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