Navigation Links
Santa Monica Media Corporation Files Extension Proxy With SEC to Complete Transaction
Date:3/6/2009

SANTA MONICA, Calif., March 6 /PRNewswire-FirstCall/ -- On March 5, 2009, Santa Monica Media Corporation (NYSE Alternext US: MEJ, MEJ.U, MEJ.WS) ("SMMC"), a special purpose acquisition company (SPAC) that completed its IPO in April 2007 filed a preliminary proxy statement with the Securities Exchange Commission ("SEC") relating to a special meeting of its stockholders scheduled for April 1, 2009. At the meeting its stockholders are expected to approve an extension to the time period during which it may consummate a business combination to December 15, 2009. The record date for the special meeting is March 16, 2009.

SMMC is currently in discussions with certain institutional investors for terms relating to a purchase of or a financing to purchase up to 80% of the outstanding shares of SMMC stock, if such purchases are required to obtain approval for the proposed extension. It cannot be presently determined how many shares, if any, of the SMMC common stock will be purchased in connection with such financing.

In the proxy, the Company announced its intent to acquire NUI, LLC ("NUI"), a rapidly emerging "healthy kids lifestyle" company, in accordance with an executed non-binding letter of intent with NUI. The letter of intent is subject to the execution of a definitive agreement, which is expected to be finalized in March. A preliminary proxy statement in connection with a special meeting relating to the approval of the business combination is expected to be filed with the SEC in the next several weeks.

The acquisition is subject to the approval of SMMC stockholders, regulatory approvals and the satisfaction of customary closing conditions.

About Santa Monica Media Corporation

Santa Monica Media Corporation is a blank check company organized for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination one or more operating businesses in the in the communications, media, gaming and/or entertainment industry.

About NUI, LLC

NUI was founded in October 2005 to promote a healthy kids lifestyle through media properties and healthy food and beverage products. NUI's properties are designed to integrate and cross-promote each other. Its products include NUI Hybrid Beverage(TM) and NUI Island Eco-Logical Adventures book series.


'/>"/>
SOURCE Santa Monica Media Corporation
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Announcing Always Best Care Senior Services Expansion into Santa Barbara, California
2. Give those Fat Pants to Santa this Holiday Season
3. Center for Consumer Freedom Releases Dont Sue Me Santa Christmas Cookie Liability Waiver
4. Scientists Marvel at Santas Stamina
5. Parents Face Tough Questions When Santas Magic Fades
6. Miss Maggie Moo and Mario Lopez Bring a Special Delivery of Valentines Day Cheer to the Children at the Santa Monica - UCLA and Orthopaedic Hospital
7. MemorialCare Sponsors Habitat for Humanity Santa Ana Home
8. Santa Rosa Healthcare Workers Seek Accountability From Catholic Hospital System
9. National Disaster Search Dog Foundation Plans New Training Facility in Santa Paula, California
10. Longs Drug Stores Donates Supplies to Victims of Santa Cruz Mountain Fires
11. Laser Focus World and OIDA Announce OPTOmism: Photonics for the Green Revolution Conference and Exhibition, to be Held May 18-20, 2009 in Santa Clara, CA
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2016)... ... 2016 , ... Hight-Doland Insurance Agency’s new community involvement program which serves families ... Sisters of Southwest Louisiana to help provide positive mentoring for local youth. Donations to ... Sisters of Southwest Louisiana has been helping to guide the area’s youth for over ...
(Date:5/4/2016)... (PRWEB) , ... May 04, 2016 , ... May kicked ... in people across the United States. Dermatologist Dr. Ellen Turner is encouraging her patients, ... experts’ advice and focus on skin safety and health now and in the future. ...
(Date:5/4/2016)... ... May 04, 2016 , ... ... transforming breastfeeding for nursing mothers. The company’s patented technology, The Smart Breastfeeding Meter, ... the company announced that the technology is now available for purchase at ...
(Date:5/4/2016)... Charlotte, NC (PRWEB) , ... May 04, 2016 , ... ... Charlotte, N.C., changed her life forever with a same-day LASIK procedure at ... to poor eyesight. Dr. Jonathan Christenbury performed her surgery the same day as her ...
(Date:5/4/2016)... Beverly Hills, CA (PRWEB) , ... May 04, 2016 , ... ... comprehensive care that ex-supermodel Janice Dickinson needed following breast cancer surgery. In March 2016, ... in situ, a type of breast cancer that occurs in the milk ducts, according ...
Breaking Medicine News(10 mins):
(Date:5/3/2016)... , May 3, 2016 ... bekannt, dass sie einen entscheidenden Meilenstein durch ... Ein Aufruf zum Handeln, um Patientenresultate  bei ... trägt zu Fortschritten im Verständnis der Hepatischen ... ein Bewusstsein für Hepatische Enzephalopathie in der ...
(Date:5/2/2016)... , May 2, 2016 Leading Economies with Fastest ... 10.2 Côte d,Ivoire 8.6 Uzbekistan 8 Ireland 7.8 India 7.3, , ... BRICS nations , which comprises of Brazil , ... and South Africa , registered the fastest GDP growth ... in China , recession in Brazil ...
(Date:5/2/2016)... 2016  While nearly three-quarters of Americans (71%) are ... their health, only about half report taking any steps ... of a new survey announced today by Hologic (Nasdaq: ... National Osteoporosis Month, Hologic is raising awareness of this ... million Americans. Osteoporosis is a disease that ...
Breaking Medicine Technology: