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,
'/>"/>

SOURCE delSECUR CORPORATION
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2

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:7/30/2014)... Chemical Society (ACS) announced today that David L. Kaplan, ... Biomaterials Science & Engineering as editor-in-chief. With the ... new journal will feature high-quality research in the rapidly ... naturally derived materials that interact with living or biological ... reflects the tremendous growth in the field of biomaterials ...
(Date:7/30/2014)... Institute (SALSI), a joint venture between The University of ... Texas Health Science Center at San Antonio, has selected ... winners, Emily Boice from UTSA and Lei Huang from ... project titled, "Novel engineered ferritins for tracking and protecting ... Huang,s research is focused on finding a treatment for ...
(Date:7/30/2014)... HIV infection could be as simple as inserting a ... University of Washington bioengineers have discovered a potentially faster ... from contracting HIV. Their method spins the drug into ... moisture, releasing higher doses of the drug than possible ... , "This could offer women a potentially more effective, ...
Breaking Biology News(10 mins):ACS Biomaterials Science & Engineering: Brand-new journal launches in 2015, names editor 2Dissolvable fabric loaded with medicine might offer faster protection against HIV 2Dissolvable fabric loaded with medicine might offer faster protection against HIV 3
... release is available in Spanish . ... acids and they play a fundamental role in all of ... they, therefore, carry out numerous functions in an organism: immunological ... (they form part of enzymes) and a long list of ...
... hold promise for improved early disease screening, cancer staging, therapeutic ... Ge Wang , director of Virginia Tech,s Center for ... the refereed journal PLOS ONE . , ... framework "is a new way of thinking in the biomedical ...
... prepping for a hurricane, the bacterium Bacillus subtilis ... times. In a new study, scientists at Rice University and ... B. subtilis to begin preparing for survival, even ... down" and withdraw into a hardened spore. The new ...
Cached Biology News:Using computational biology for the annotation of proteins 2Using computational biology for the annotation of proteins 3Scanning innovation can improve personalized medicine 2Scanning innovation can improve personalized medicine 3Deciphering bacterial doomsday decisions 2Deciphering bacterial doomsday decisions 3
(Date:7/30/2014)... July 30, 2014 Yuma Regional ... and complementary therapies brings comprehensive cancer care to ... Yuma Regional Cancer Center has officially opened. A ... program includes services such as open, semi-private and ... American Cancer Society Resource Center, hematology, rehabilitation center, ...
(Date:7/30/2014)... Md. , July 30, 2014 ... components to interrogate biology, but such devices can ... As such, researchers have looked ... in vitro metabolic engineering to characterize ... a chip. New devices are envisioned to recreate ...
(Date:7/30/2014)... , July 30, 2014  RXi Pharmaceuticals ... biotechnology company focused on discovering, developing and ... needs using RNA-targeted technologies, today announced that ... RXI-109, for the reduction of recurrence of ... has been initiated. Logo - ...
(Date:7/30/2014)... San Diego, CA (PRWEB) July 30, 2014 ... second contract from the U.S. Environmental Protection Agency ... company’s expertise in developmental toxicity models, including tests ... on neuron formation and the formation of connections ... function. Inhibition of neurodifferentiation and synapse formation by ...
Breaking Biology Technology:Sate-of-the-Art Yuma Regional Cancer Center Officially Opens 2UMD Researchers Bridge Gap between Microelectronics, Biological Systems 2UMD Researchers Bridge Gap between Microelectronics, Biological Systems 3UMD Researchers Bridge Gap between Microelectronics, Biological Systems 4RXi Pharmaceuticals Expands Clinical Program with Initiation of Third Phase 2a Study with RXI-109 for Treatment of Hypertrophic Scars 2RXi Pharmaceuticals Expands Clinical Program with Initiation of Third Phase 2a Study with RXI-109 for Treatment of Hypertrophic Scars 3RXi Pharmaceuticals Expands Clinical Program with Initiation of Third Phase 2a Study with RXI-109 for Treatment of Hypertrophic Scars 4RXi Pharmaceuticals Expands Clinical Program with Initiation of Third Phase 2a Study with RXI-109 for Treatment of Hypertrophic Scars 5U.S. Environmental Protection Agency (EPA) Awards Vala Sciences a Second ToxCast Contract 2U.S. Environmental Protection Agency (EPA) Awards Vala Sciences a Second ToxCast Contract 3
... than a Thousand Submissions Already Received for the ... USCAMBRIDGE, Mass., Jan. 15 The Nano Science ... and Sustainable Industries Organization (CTSI), today announced that ... the largest Cleantechnology, Biotechnology and Nanotechnology event in ...
... 15 The Court of ... found Boston Scientific Corporation,s Ding patent invalid, and reversed ... Coronary Stent infringed that patent. Cordis is very pleased ... rendered in July 2005 in Wilmington, Delaware. The ...
... have entered into a research collaboration to improve insect control in ... ... Research Triangle Park, NC (Vocus) January 15, 2009 -– DuPont and ... improve insect control in corn and soybeans. Under the agreement, ...
Cached Biology Technology:TechConnect World 2009 Announces January 28th 'Last Call' for Speaker-Proposals 2TechConnect World 2009 Announces January 28th 'Last Call' for Speaker-Proposals 3DuPont and Athenix Collaborate to Advance Insect Control in Corn, Soybeans 2DuPont and Athenix Collaborate to Advance Insect Control in Corn, Soybeans 3
...
... Kit is an advanced system for isolating DNA from ... be used directly for any downstream application. ... to use in 56 minutes Low melting point ... and TBE gels No specialised equipment required ...
... Spin Columns provide a rapid and simple method ... bp to 10 kb) from stained agarose gels ... excised from an agarose gel and loaded into ... the column are a series of membranes and ...
... Kit has been designed for recovery of DNA from ... Features Ultra fast protocol: DNA is ready ... are easy to resuspend Bead uniformity prevents shearing ... (suitable for PCR) DNA is eluted into sterile ...
Biology Products: