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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (1939)3/7/2009 8:14:19 PM
From: Glenn Petersen   of 3862
 
Apex Bioventures Acquisition (stock symbol: [t]PEX[/t]) has announced that the company is going to liquidate:

Apex Bioventures Acquisition Corp. To Seek Stockholder Approval To Liquidate and Dissolve

Thursday March 5, 2009, 4:32 pm EST

HILLSBOROUGH, Calif., March 5 /PRNewswire-FirstCall/ -- Apex Bioventures Acquisition Corporation (NYSE Alternext US: PEX) ("Apex") announced today that its board of directors has determined that Apex will not consummate a business combination in the time frame required by its Second Amended and Restated Certificate of Incorporation, and that it is advisable that Apex be dissolved. The Company will not proceed to liquidate until a plan of liquidation is approved by the Company and its stockholders.

Apex will file a separate press release announcing the date of the stockholders meeting at which the board of directors will seek stockholder approval and the record date for such meeting.

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biz.yahoo.com
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