Inpatient Clinical Solutions, Inc. Announces Results of Special Meeting of Stockholders Held on February 27, 2012
CORAL SPRINGS, Fla., March 2, 2012 /PRNewswire/ -- Inpatient Clinical Solutions, Inc. (OTC Pink: INPT) announced today that on February 27, 2012 its shareholders overwhelmingly approved the sale of substantially all of its assets as described in the company's proxy statement and disclosed in the company's press release dated February 14, 2012 as well as approved certain amendments to the company's articles of incorporation to change the name of the company and to increase the authorized shares of common stock to 100,000,000. The amendment to the company's articles of incorporation will be filed upon or contemporaneous with the closing of the asset sale.
Ozzie Bloom, CEO off the Company stated, "Our stockholders believe in the sale as well as the new direction the company is moving. We thank all of our shareholders for the vote of confidence. Please remember that there are a number of additional closing conditions which must be met prior to a closing taking place and there can be no guarantee that the transaction will be consummated."
Should the closing take place, disbursement to the shareholders is anticipated to occur approximately ten business days following the closing. If the closing occurs prior to March 19, 2012 the anticipated distribution to shareholders would be approximately $0.028 per share. If the closing occurs subsequent to March 19, 2012 the anticipated distribution to shareholders would be approximately $0.021 per share.
SOURCE Inpatient Clinical Solutions, Inc.
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