Navigation Links
Santa Monica Media Corporation Files Extension Proxy With SEC to Complete Transaction

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:
(Date:10/13/2017)... , ... October 13, 2017 , ... Ellevate Network, the ... business to advocate for action towards gender equality at their inaugural Summit in New ... the globe, and reached a social audience of over 3 million. To watch the ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... Agile Software Development, has been awarded a contract by the Center for Medicare ... (BPA) aims to accelerate the enterprise use of Agile methodologies in a consistent ...
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and ... apnea using cutting-edge Oventus O2Vent technology. As many as 18 million Americans ... frequent cessation in breathing. Oral appliances can offer significant relief to about 75 ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical Informatics (ACMI) will ... during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual ... F. Collen, a pioneer in the field of medical informatics, this prestigious award is ...
(Date:10/12/2017)... ... ... HMP , a leader in healthcare events and education, today announced that ... for ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie Awards ... recognizes editorial and design excellence across a range of sectors. This year’s program included ...
Breaking Medicine News(10 mins):
(Date:10/4/2017)... the Centers for Disease Control and Prevention (CDC), influenza vaccination should ... helping communities across Massachusetts , Connecticut ... shots through the end of the month. *Some exclusions apply ... ... is by the end of October, according to the Centers for Disease ...
(Date:10/2/2017)... 2017  Eli Lilly and Company (NYSE: ... third quarter of 2017 on Tuesday, October 24, 2017. ... day with the investment community and media to further ... call will begin at 9 a.m. Eastern time. Investors, ... webcast of the conference call through a link that ...
(Date:10/2/2017)... , Oct. 2, 2017 The Rebound mobile app ... struggle to reverse the tide of prescription drug addiction. The ... their medicine intake and stepping down their dosage in a ... launch in December 2017; the first 100,000 people to sign ... at ...
Breaking Medicine Technology: