HUDSONVILLE, Mich., Jan. 26, 2016 /PRNewswire/ -- USSPI Media, Inc. announced that it has begun the process of distributing liquidation proceeds to its stockholders. USSPI Media filed a certificate of dissolution on December 31, 2015 following stockholder approval at a special meeting on December 30, 2015. The Company's transfer agent, Continental Stock Transfer and Trust, will send letters of transmittal to all stockholders of record.
Stockholders must submit their stock certificates along with a completed letter of transmittal to receive a liquidation distribution. More complete instructions will accompany the letter of transmittal. The liquidation distribution will be approximately $.30 per share after closing costs associated with the dissolution. The cash liquidation distribution will be a taxable event reported on a 1099 DIV form.
If you are a beneficial owner of shares of USSPI Media but not the stockholder of record, you should contact the broker or other intermediary through whom you hold your shares.
USSPI Media, Inc.
4675 – 32nd Avenue
Hudsonville, MI 49426
CONTACT: Phil Miller, Chairman and CEO of USSPI Media, Inc.,
Statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. The forward-looking statements can generally be identified by words such as "believes," "anticipates," "expects" or words of similar meaning. Forward-looking statements also include statements relating to the Company's future performance, such as future prospects, revenues, profits and cash flows. The forward-looking statements are subject to risks and uncertainties, which may cause actual results to be materially different from any future performance suggested in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements.
SOURCE USSPI Media, Inc.