Feb. 25, 2011 (Canada NewsWire Group) --
MISSISSAUGA, ON, Feb. 24 /CNW/ - Datex Technologies Corporation ("Datex" or the "Company") (TSX-V:DTC) today announced that its shareholders had, at a special meeting held today, voted (including a vote conducted on a disinterested shareholder basis) in favour of the Company's continuation as an Ontario corporation and the proposed "going private transaction," all as previously described in the Company's Management Information Circular dated January 25, 2011 and previous press releases.
It is the Company's intention to complete its proposed going private transaction by filing articles of amalgamation on or about March 15, 2011. Assuming the transaction is completed, shareholders of Datex (other than certain principal shareholders) will see their shares redeemed for $0.04 per common share of Datex held.
About Datex Technologies Corporation
Datex Technologies Corporation is listed on the TSX Venture Exchange. Datex is a leading provider of billing software and services, customer management and order management solutions and telecom expense management services. For more information about Datex, please visit our website at www.datex.ca.
Forward Looking Statements
This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Mr. Jim Dawson, President and CEO
Tel.: (905) 822-2300
Email: jdawson@datex.ca
Source: Datex Technologies Corporation