TALLAHASSEE, Fla.–(BUSINESS WIRE)–SunVesta, Inc. (OTC Pink: SVSA) (the “Company”) announced that its board
of directors has approved the sale of its wholly-owned subsidiary,
SunVesta Holding AG, to Aires International Investment Inc., the
Company’s principal creditor. The board also approved the subsequent
dissolution of the Company. The sale of SunVesta Holding AG and the
Company’s dissolution require shareholder approval. The Company has
called a special meeting of its shareholders for this purpose on May 14,
2019. An Information Statement and proxy materials have been mailed to
the Company’s shareholders of record. Shareholders who have not received
these materials by May 7, 2019 should contact the Company’s Secretary,
Andrea Beck, at [email protected].
Important Information for Shareholders
This press release is for informational purposes only and does not
constitute a solicitation of any vote or approval. COMPANY
SHAREHOLDERS ARE ADVISED TO READ THE INFORMATION STATEMENT AND RELATED
DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY (AS WELL AS ALL SUBSEQUENT
AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, IF ANY), BECAUSE THEY ALL
CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the
documents upon written request without charge by sending an email to the
Company’s Secretary, Andrea Beck at [email protected].
The Company and its directors, executive officers and employees and
other persons may be deemed to be participants in the solicitation of
proxies in connection with the special meeting of shareholders.
Information regarding the Company’s directors and executive officers and
their respective ownership of the Company common stock is available in
the Information Statement. Other information regarding the interests of
such individuals as well as information regarding the Company’s
directors and officers is set forth in the Information Statement. These
documents can be obtained free of charge as noted above. Nothing in this
press release shall be construed to limit or modify any disclosures in
the Information Statement or proxy materials delivered in connection
therewith.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based on the current
expectations and beliefs of the Company and are subject to a number of
factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. Such
factors and uncertainties include, but are not limited to: the ability
of the Company to obtain shareholder approval of the proposed sale of
SunVesta Holding AG and the proposed dissolution of the Company; the
Company’s ability to accurately estimate the amounts required to pay all
operating expenses, as well as other known, non-contingent liabilities
through the liquidation and winding up process; the Company’s ability to
settle, make adequate provision for or otherwise resolve its liabilities
and obligations; the possibility that the liquidation and winding up
process could be delayed by, among other things, claims and unexpected
or greater than expected expenses; and other statements contained in
this press release regarding matters that are not historical facts. The
Company does not undertake any obligation to update publicly or revise
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
Readers are cautioned not to place undue reliance on any forward-looking
statements.
Contacts
Sacha Wigdorovits
M +41 79 404 17 05
E [email protected]
W
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