Navigation Links
Southridge Funds Facilitate Special Capital Distribution for Technest Shareholders
Date:1/19/2010

NEW YORK, Jan. 19 /PRNewswire/ -- Technest Holdings, Inc. (OTC Bulletin Board: TCNH) announced that FINRA has determined that the ex-dividend date will be January 19, 2010 for the special "return of capital" cash distribution declared by its Board of Directors on December 23, 2009. The ex-dividend date is the date on or after which the security begins to trade without the right to receive the dividend payment. The cash dividend of $0.407 per share of Common Stock is payable on January 15, 2010 to shareholders of record as of January 4, 2010. This distribution relates to the sale of EOIR Technologies, Inc. as previously announced.

"Southridge-managed funds, as controlling shareholders and whose principals served on the Technest Board of Directors, have been instrumental in successfully resolving the arbitration matter on behalf of all Technest shareholders which has led to this distribution. We are pleased that our efforts will assist the company in moving forward," said Stephen Hicks, Chairman Southridge LLC.  

Prior to year end Technest Holdings, Inc. entered into a settlement agreement with EOIR Holdings, LLC and EOIR Technologies, Inc. ("EOIR"), settling all claims related to the Stock Purchase Agreement ("SPA") which the parties entered into in 2007 to effectuate the sale of EOIR, a subsidiary of Technest at the time.

About Southridge LLC

Southridge LLC is a diversified financial holding company offering a wide range of products and services, including Fund Management, Investment Banking, Merchant Banking, Wealth Management and Business Solutions.  For more information please visit www.southridgellc.com.

About Technest Holdings, Inc.

Technest Holdings, Inc. is a provider of: advanced remote sensor systems, intelligent surveillance and advanced 3D imaging technology solutions to the defense, homeland security and healthcare marketplaces. Technest is committed to setting next-generation imaging standards through the provision of innovative emerging technologies. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in healthcare as well as the fields of defense, civilian homeland security and law enforcement. For more information, please visit the company's website at http://www.technestinc.com.

SOURCE Southridge LLC

RELATED LINKS
http://www.southridgellc.com

'/>"/>

SOURCE Southridge LLC
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Inaugural 13.1 Marathon Boston to Benefit Crohn's & Colitis Foundation: Summer 2010 Race to Raise Awareness & Funds for Digestive Diseases
2. MJFF Funds Two Investigations of Placebo Effect in Parkinsons Disease
3. Poland Spring Contributes Funds for Kingfield Helipad Construction Project to Help Save Lives
4. Exposing the Double Standard of the Forgotten Cancer: Biggest Cancer Killer for Women and Men, Lung Cancer, Receives Least Research Funds
5. Julian Lennon and James Scott Cook Release New Charity Single LUCY to Raise Awareness and Funds for Lupus Research
6. Comcast and Stand Up To Cancer Launch First-Ever Video-on-Demand Effort to Broaden Awareness and Raise Funds for Cancer Research
7. Esperanza Health Center Receives $6.5 Million in Stimulus Funds
8. Injury Funds Now To the Rescue with New Lawsuit Funding Service
9. Stand Up To Cancer Funds High-risk/High-reward Cancer Research by 13 Young Scientists
10. Drummond Group Awarded DOE Funds for Texas Wind Integration Project
11. Salon Leau to Host Cuts for a Cause to Raise Funds and Spread the Word About Childhood Terminal Illnesses
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... TopConsumerReviews.com recently awarded their highest ... . , Millions of individuals in the United States and Canada wear eyeglasses. Once ... to both correct vision and make a fashion statement. Even celebrities use glasses as ...
(Date:6/26/2016)... ... ... blind and certified personal trainer is helping to develop a weight loss fitness plan that ... the two major problems leading the fitness industry today:, , All ... They don’t eliminate all the reasons people quit their exercise program , ...
(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)... (PRWEB) , ... June 25, 2016 , ... Conventional wisdom ... of success. In terms of the latter, setting the bar too high can result ... more than just slow progress toward their goal. , Research from PsychTests.com ...
(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 ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  Global Blood ... biopharmaceutical company developing novel therapeutics for the treatment ... today announced the closing of its previously announced ... stock, at the public offering price of $18.75 ... offering were offered by GBT. GBT estimates net ...
(Date:6/24/2016)... 2016 Dublin ... addition of the " Global Markets for Spectroscopy ... This report focuses on the ... review, including its applications in various applications. The report ... includes three main industries: pharmaceutical and biotechnology, food and ...
(Date:6/24/2016)... The Academy of Managed Care Pharmacy (AMCP) ... would allow biopharmaceutical companies to more easily share health ... and coverage decisions, a move that addresses the growing ... The recommendations address restrictions in the sharing of ... label, a prohibition that hinders decision makers from accessing ...
Breaking Medicine Technology: