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:6/26/2016)... , ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal ... personalized through a fitness app. The fitness app plans to fix the two major problems ... offer a one size fits all type program , They don’t eliminate all ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand ... project," said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s ... within Final Cut Pro X . Simply select a ProHand generator and drag ...
(Date:6/25/2016)... ... 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, whether it’s ... setting the bar too high can result in disappointment, perhaps even self-loathing. However, those ... goal. , Research from PsychTests.com reveals that behind the tendency to ...
(Date:6/24/2016)... ... 24, 2016 , ... The Pulmonary Hypertension Association (PHA) learned ... receive two significant new grants to support its work to advance research and ... by recognizing patients, medical professionals and scientists for their work in fighting pulmonary ...
(Date:6/24/2016)... TX (PRWEB) , ... June 24, 2016 , ... People ... part in Genome magazine’s Code Talker Award, an essay contest in which patients and ... an award to be presented at the 2016 National Society of Genetic Counselors (NSGC) ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... ANDOVER, Mass. and SAN CLEMENTE, Calif. ... California -based mobile pulmonary function testing company, is now ... portable PFT devices developed by ndd Medical Technologies , Inc. ... PFT testing done in hospital-based labs.  Thanks to ndd,s EasyOne PRO ... CA , can get any needed testing done in the ...
(Date:6/24/2016)... India , June 24, 2016 ... Needles Market by Type (Standard Pen Needles, Safety Pen ... Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, ... by MarketsandMarkets, This report studies the market for the ... expected to reach USD 2.81 Billion by 2021 from ...
(Date:6/24/2016)... Belgium , June 24, 2016 ... the appointment of Dr. Edward Futcher ... Non-Executive Director, effective June 23, 2016.Dr. Futcher was ... Nominations and Governance Committees.  As a non-executive member ... independent expertise and strategic counsel to VolitionRx in ...
Breaking Medicine Technology: