Stonepath Group Announces Results of Annual Meeting
May 26 2006 - 3:11PM
PR Newswire (US)
SEATTLE, May 26 /PRNewswire-FirstCall/ -- Stonepath Group, Inc.
(AMEX:STG) today announced the results of its 2006 Annual Meeting
of Stockholders. At the meeting, Stonepath stockholders re-elected
to the Company's Board of Directors, Dennis Pelino (Chairman), John
Springer, J. Douglass Coates, David Jones, Aloysius T. Lawn, IV,
and Rob McCord. Stockholders also approved the issuance of more
than 8,698,832 shares of Common Stock under a convertible note and
warrant issued to Laurus Master Fund, Ltd. ("Laurus") and certain
additional convertible notes which may be issued to Laurus in the
future. Additionally, stockholders ratified the appointment of
Grant Thornton LLP as the Company's independent auditors for the
year ending December 31, 2006. About Stonepath Group, Inc.
(AMEX:STG) Stonepath (http://www.stonepath.com) is a global,
third-party logistics organization providing a full range of
transportation and distribution solutions to multinational and
local businesses including a diverse client mix of retail leaders,
automotive and technology concerns, government agencies, and
defense contractors. Through strategic acquisitions and strong
organic growth, the Company has expanded rapidly, establishing a
network of owned operations throughout the U.S., the Asia-Pacific
region and Latin America. For more information about the Company,
please contact John Brine at (212) 254-8280. DATASOURCE: Stonepath
Group, Inc. CONTACT: John Brine of Stonepath Group, Inc.,
+1-212-254-8280 Web site: http://www.stonepath.com/
Copyright
Stonepath (AMEX:STG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Stonepath (AMEX:STG)
Historical Stock Chart
From Jul 2023 to Jul 2024