NEW YORK, July 10 /PRNewswire-FirstCall/ -- TransTech Services Partners, Inc.("Company") (OTC Bulletin Board: TTSPU, TTSP, TTSPW) today announced that its stockholders voted at its special meeting held on July 8, 2009 to approve the plan of liquidation of the Company.
The board of directors of the Company expects that the trustee of the Company's trust account will shortly make a final liquidating distribution of the trust account in the approximate amount of $7.88 per share of common stock issued in the Company's initial public offering, payable upon presentation, to the holders of such shares. Stockholders whose stock is held in "street name" through a broker will automatically receive payment through the Depository Trust Company. No payments will be made with respect to any of the Company's outstanding warrants or to the shares owned by the Company's initial stockholders that were owned prior to the Company's initial public offering.
The Company will file a certificate of dissolution with the Secretary of State of the State of Delaware and a Certification and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission for the purpose of deregistering its securities under the Securities Exchange Act of 1934, as amended. As a result, the Company will no longer be a public reporting company.
About TransTech Services Partners, Inc.
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination.
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|SOURCE TransTech Services Partners, Inc.|
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