Media Sciences Files Certificate of Dissolution
GOSHEN, N.Y., July 25, 2013
GOSHEN, N.Y., July 25, 2013 /PRNewswire/ -- Media Sciences International, Inc.
(OTCPK: MSII) (the "Company") announced today that it has filed a certificate
of dissolution with the Secretary of State of the State of Delaware (the
"Certificate of Dissolution"), as contemplated by the Plan of Dissolution
previously approved by the Company's Board of Directors and stockholders. The
Certificate of Dissolution provides for the dissolution of the Company under
Delaware's General Corporation Law.
The Board of Directors intends, subject to contingencies inherent in winding
up our business, to make a final distribution to stockholders as promptly as
practicable once we satisfy our remaining obligations. To the extent that
there are assets available after our obligations have been satisfied, we
intend that any liquidating distributions to the stockholders will be in the
form of cash. Liquidating distributions will be made to stockholders according
to their holdings of our common stock as of a record date to be established as
the dissolution process proceeds in accordance with Delaware law. Subject to
the provisions of Delaware law, we must conclude the liquidation prior to the
third anniversary of the filing of the Certificate of Dissolution with the
Secretary of State of Delaware by a final liquidating distribution. However,
we expect to be able to finalize the liquidation much earlier.
Forward Looking Statements
This press release contains certain forward-looking statements about our goals
and prospects within the meaning of the Private Securities Litigation Reform
Act. These statements are based on management's current beliefs and
expectations about future events that may affect our financial condition,
results of operations, business strategy and financial needs and are subject
to risks and uncertainties. Any forward-looking statements contained in this
release speak only as of the time made and we assume no duty to update them,
whether as a result of new information, unexpected events, future changes, or
SOURCE Media Sciences International, Inc.
Contact: Denise Hawkins, CMA, CPA, President and CFO, Media Sciences
International, Inc., firstname.lastname@example.org, 201-677-9311
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