Navigation Links
delSECUR CORPORATION Announces Distribution of Its Asset to Lenders, Subsequent Distribution to Its Shareholders; and Dissolution of the Corporation
Date:5/20/2011

SOUTH BURLINGTON, Vt., May 20, 2011 /PRNewswire/ -- As previously announced delSECUR CORPORATION will dissolve itself and has received majority shareholder approval for such.  Using its only asset, it is now finalizing the processing and distribution of QTech shares in satisfaction of its existing debt to all of its lenders. It will now start the process of distributing all of its remaining asset, the balance of QTech shares, to delSECUR CORPORATION shareholders in the form of a "liquidating dividend" on a pro-rata basis. That is, the remaining  QTech shares will be distributed based on the proportion of total delSECUR outstanding shares held by each shareholder.

After having distributed all of the assets of delSECUR, the CORPORATION will be dissolved in accordance with Nevada State Law. Proper legal notice will be given in local newspapers to that effect. All shareholders will be contacted by the Corporation's U.S. Transfer Agent either directly or in the case of nominee name through their broker.

delSECUR CORPORATION, a public company (Pink Sheets: DLSC) with its head office in S. Burlington, VT has been involved in the development of a unique authentication process based on abstract images of biological data collected from the fingers of living persons.  This technology was sold, under the terms of an Asset Purchase Agreement, in October 2009 to QTech Systems Inc., an Ontario company in exchange for 49% of the shares of that company.

This Press Release may contain forward-looking statements.  These forward looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and other similar statements. Statements that are not historical facts, including statements relating to anticipated future earnings, margins, and other operating results, future growth, construction plans and anticipated capacities, production schedules and entry into expanded markets are forward-looking statements and are subject to the risks normally associated with the completion of a corporate transaction. The information set forth herein should be read in light of such risks. We assume no obligation to update the information contained in this press release, except as required under applicable law.


'/>"/>
SOURCE delSECUR CORPORATION
Copyright©2010 PR Newswire.
All rights reserved

Related biology news :

1. delSECUR CORPORATION Announces Agreement to Purchase the Intellectual Property Assets of the Corporation
2. delSECUR CORPORATION Announces Agreement to Purchase the Intellectual Property Assets of the Corporation
3. delSECUR CORPORATION Announces Appointment of the Companys President & CEO
4. Techne Corporation Releases Unaudited Third Quarter Results for Fiscal Year 2011
5. WidePoint Corporation Sponsors Identity Protection and Management Symposium, February 3, 2011
6. WidePoint Corporation Sponsors Identity Protection and Management Symposium, February 3, 2011
7. Hoyos Corporation Rolls Out First Iris-Biometrics System Priced to Compete with Generic Card Readers
8. Biomerix Corporation and Synthecon Announce Strategic Distribution Agreement
9. West Corporation Partners With Anakam(R) to Provide Multi-Factor Authentication and Voice Biometrics
10. Telestone Technologies Corporation Opens Four New Branch Offices
11. Semiconductor Manufacturing International Corporation: Announcement of 2009 Annual Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/20/2017)... , July 20, 2017 Delta (NYSE: DAL ) ... any Delta aircraft at Reagan Washington National Airport (DCA). ... Delta launches biometrics to board ... Delta,s biometric boarding ... Club is now integrated into the boarding process to allow eligible ...
(Date:5/16/2017)... 16, 2017  Veratad Technologies, LLC ( www.veratad.com ), ... and identity verification solutions, announced today they will participate ... May 15 thru May 17, 2017, in ... Trade Center. Identity impacts the lives ... today,s quickly evolving digital world, defining identity is critical ...
(Date:4/18/2017)... SUNNYVALE, Calif. , April 18, 2017  Socionext Inc., a ... prototype of a media edge server, the M820, which features the ... face recognition software provided by Tera Probe, Inc., will be showcased ... and at the NAB show at the Las Vegas ... ...
Breaking Biology News(10 mins):
(Date:8/15/2017)... NC (PRWEB) , ... August 15, 2017 , ... ... 2017, celebrating 10 years of successes helping medical technology companies and inventors develop and ... to a renowned full-service national engineering firm with a portfolio of clients in the ...
(Date:8/15/2017)... ... August 15, 2017 , ... Kenall, a leader ... designed to stay tightly sealed and perform efficiently for years. The downlights are ... listings just aren't enough, such as: hospitals; behavioral health facilities; cleanrooms; containment areas; ...
(Date:8/14/2017)... ... August 14, 2017 , ... Every year, ... researchers in the antibody community have recently come together to address this antibody ... the laboratory. , The team at Thermo Fisher Scientific ...
(Date:8/11/2017)... ... August 11, 2017 , ... A staple in the community ... that will incorporate important key elements including a new digital marketing strategy and updated ... supported them, Bill Miller has partnered with the South Texas Blood & Tissue Center ...
Breaking Biology Technology: