Business
Material Disclosure Regarding UTTC United Tri-Tech Corporation
Material Disclosure Regarding UTTC United Tri-Tech Corporation.
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"\n\n\n\n\nMONTREAL, QC, April 12 /CNW Telbec/ - Mindready Solutions Inc. (TSX: MNY)\nannounces that it was informed yesterday, after the market close, that its\noffer submitted to the interim receiver of UTTC United Tri-Tech Corporation\n(\"UTTC\") to purchase the assets of UTTC was not accepted and that the assets\nof UTTC were sold to a third party.\nConcurrently with its negotiations with the interim receiver of UTTC,\nMindready has obtained from the court an order to safeguard until \nJune 3, 2006, which prevents the former shareholders of UTTC from trading the\nshares they hold in the capital of Mindready. Such order was rendered in the\ncourse of the legal procedures filed by Mindready to cancel the acquisition of\nUTTC completed on November 30, 2005.\nGiven these new developments, Mindready continues to examine all means at\nits disposal to ensure its rights are respected and that it receives\ncompensation from all parties involved.\n\nMindready Solutions Inc. (TSX: MNY) is a leading supplier of innovative\nend-to-end solutions for new electronic product introduction, from design to\nmanufacturing and test systems, serving the aerospace & defense, wireless\ntelecommunication and automotive & transportation markets. Mindready serves\nclients such as Lockheed Martin, Raytheon, Northrop Grumman, Boeing, Visteon,\nRockwell Collins, NASA, Ford, Nissan, Motorola, Panasonic, Renault, Harris,\nFlextronics, Nortel and Alcatel. More information about Mindready and its\nproducts, systems and engineering services can be found at www.mindready.com.\n\nThe statements regarding the company's future operating results,\nperformance and business prospects contained in this press release, and any\nother statements not constituting historical information, are forward-looking\nstatements. These forward-looking statements reflect the company's current\nopinions and assumptions with respect to future business decisions and\nresults, and are based on the information currently available to the company.\nAccordingly, these statements are subject to risks, uncertainties and\ncontingencies that could cause the company's future operating results,\nperformance or business prospects to differ from those expressed in, or\nimplied by, these statements.\n%SEDAR: 00015196EF\n\n\n","length":2343,"tagName":"div"}]