Schaller Equity Partners Publishes Open Letter to Shareowners of Cardinal Bankshares; Establishes Website with Other Information for Cardinal Shareowners
WINSTON-SALEM, N.C., Sept. 29, 2011 /PRNewswire/ -- Schaller Equity Partners ("Schaller") announced today that it has published an open letter to the shareowners of Cardinal Bankshares Corporation ("Cardinal") (OTCBB: CDBK) in today's edition of The Floyd Press (Floyd, Virginia). Schaller, which is an approximately 9.8% shareowner of Cardinal, wrote the open letter to share information more directly with other shareowners, many of whom reside in the Floyd, Virginia area. In the letter, Schaller expresses his concern regarding the management and strategic direction of Cardinal and the Bank of Floyd. Cardinal is the public holding company for the Bank of Floyd.
Schaller's open letter has also been posted to www.CardinalShareowners.com, a website established by Schaller that includes certain of Schaller's past correspondence with Cardinal and its Board of Directors about Schaller's concerns. The website also contains copies of certain SEC filings by Schaller and news articles with respect to Schaller's ownership of Cardinal shares. For more information about Schaller Equity Partners, visit www.SchallerEquityPartners.com
Media & Investor contact:
Douglas E. Schaller
Schaller Equity Partners
336-774-1515
[email protected]
SOURCE Schaller Equity Partners
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