DALLAS, Aug. 30, 2012 /PRNewswire/ -- In a letter
dated June, 23, 2012 Mr. Timothy
Durham tendered his resignation as a member of the Board of
Directors.
In his letter Mr. Durham stated:
"I am sure you are aware of the verdict returned June 20 in my trial here in federal district
court in Indianapolis. Notwithstanding that verdict, I
maintain my innocence of all charges. Nevertheless, it
appears to me that under all the circumstances, it is in the best
interest of CLST Holdings, Inc. for me to resign from the company's
Board of Directors. Therefore, I hereby tender my resignation
as a member of the Board of Directors of CLST Holdings, Inc., and
from all positions with the Board of Directors, effective
immediately. I understand my resignation will become
irrevocable once accepted by the Board of
Directors."
On July 2, 2012, the Board of
Directors accepted Mr. Durham's resignation.
This news release contains forward-looking statements, as
defined in the Private Securities Litigations Reform Act of
1995
SOURCE CLST Holdings, Inc.