PHILADELPHIA, April 19, 2017 /PRNewswire/ -- Horton Capital Partners Fund, LP ("Horton"), one of the largest outside shareholders of CPS Technologies Corp. ("CPS" or the "Company") (NASDAQ: CPSH) with ownership of approximately 5% of the common stock, announced that it has published a presentation (the "Presentation") urging the Company's shareholders to vote "AGAINST" the Company's current slate of Directors at the upcoming Annual Meeting of Shareholders to be held on May 5, 2017.
As outlined in its prior letters and reiterated in the presentation released today, Horton believes CPS has significant potential but has continually and significantly underperformed its comparable peer group by a differential of at least 100% over the past 1, 3, 5 and 10 years.
The Horton Fund has made significant efforts over the past several years to offer help and insight to improve the Company - yet its efforts have been courteously but firmly rebuffed by the Company. Since going public with its concerns last December, Horton has received encouraging, positive feedback from approximately 25% of the shareholder base who are also supportive of meaningful change.
This year's shareholder vote matters more than ever as the Company has recently adopted Horton's majority voting proposal for the election of Directors.
Horton urges CPS shareholders to send a clear message to the Board that the status quo is no longer acceptable by voting "AGAINST" the Company's current nominees for Directors.
Links to Horton's Public Communications
December Letter: http://thehortonfund.com/wp-content/uploads/2016/12/cpsbodletter121616Final.pdf
March Letter: http://thehortonfund.com/wp-content/uploads/2017/03/Horton-Letter-to-CPSH-BOD-03312017.pdf
April Presentation: http://thehortonfund.com/wp-content/uploads/2017/04/Horton-Presentation-to-CPSH-Shareholders-April-2017.pdf
About Horton Capital Partners Fund, LP
Horton Capital Partners Fund, LP is an investment firm making concentrated investments in undervalued and under-appreciated small and micro-capitalization public companies. The Fund seeks to identify value-creation opportunities and work with management teams and Boards to enhance growth and shareholder returns.
Joe Manko (215) 399-5402
Damien Park (215) 325-0514
This is not a solicitation of authority to vote your proxy. Horton is not asking for your proxy card and will not accept proxy cards if sent. Please DO NOT send us your proxy card.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/horton-capital-partners-urges-cps-technologies-shareholders-to-vote-against-entrenched-board-candidates-grant-bennett-thomas-culligan-francis-hughes-and-daniel-snow-300442191.html
SOURCE Horton Capital Partners Fund, LP