Zomax Shareholders Approve Merger
October 18 2006 - 5:48PM
PR Newswire (US)
MINNEAPOLIS, MN, Oct. 18, 2006 /PRNewswire-FirstCall/ -- Zomax
Incorporated (NASDAQ:ZOMX) announces that at a special meeting of
shareholders held today, holders of a majority of the outstanding
shares of Zomax Incorporated ("Zomax") common stock approved the
merger contemplated by the Agreement and Plan of Merger dated
August 8, 2006 by and among Zomax, Inomax, LLC ("Inomax") and Zomax
Merger Corp., a wholly-owned subsidiary of Inomax ("Merger Sub").
Assuming the remaining conditions to the closing of the merger are
satisfied, Zomax anticipates the closing of the merger will occur
on or about October 20, 2006. Upon closing each outstanding share
of Zomax common stock will be converted into the right to receive
$2.09 in cash without interest. Zomax's common stock is currently
registered under the Securities Exchange Act of 1934 (the "Exchange
Act"), and listed on The NASDAQ Global Market (the "NASDAQ") under
the symbol "ZOMX." After the merger, Zomax's shares will cease to
be traded on the NASDAQ, and shareholders will receive information
regarding the procedures to be followed to obtain payment of the
merger consideration. After the effective time of the merger, Zomax
will no longer be required to file periodic reports with the
Securities and Exchange Commission (the "SEC") and registration of
Zomax's shares under the Exchange Act will be terminated. About
Zomax Zomax helps companies more efficiently bring their products
and content to market worldwide. Our comprehensive program
management approach helps companies develop, manage and improve
their rapidly changing product and program supply chains. Zomax'
solutions leverage a modular suite of supply chain services that
include project management, data management, customer contact and
e-commerce services, sourcing management, CD/DVD production,
assembly and kitting services, JIT physical and electronic
fulfillment and returns management. Founded in 1993, Zomax
currently operates 8 facilities across the United States, Canada,
Mexico and Ireland. For more information on Zomax, visit
http://www.zomax.com/ or call (866) 553-9393. Forward-Looking
Statements Certain statements contained in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements relate to our expectations as to the impact and closing
of the proposed merger. We caution investors that these
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from the
results, performance or achievements expressed or implied by the
forward-looking statements. These factors include, without
limitation, the satisfactory completion of the conditions to the
closing of the proposed transaction and the timely closing of the
transaction itself; the proposed transaction may involve unexpected
costs or liabilities; the business of Zomax may suffer as a result
of uncertainty surrounding the proposed transaction; the changes
and volatility in the personal computer hardware and software
industry, particularly with respect to the demand for CD and DVD
media, from which a significant portion of our revenues are
derived; macroeconomic factors that influence the demand for
personal computer hardware and software and the resulting demand
for our services; consolidation among our customers or competitors,
which could cause disruption in our customer relationships or
displacement of us as a services provider to one or more customers;
increased competition within our industry and increased pricing
pressure from our customers; our dependence on relatively few
customers for a majority of our revenues; fluctuations in our
operating results from quarter- to-quarter, which are influenced by
many factors outside of our control, including variations in the
demand for particular services we offer or the content included in
the products we produce for our customers; the volatility of
polycarbonate prices; and other risks and uncertainties, including
those identified and discussed in detail under the caption "Risks
and Uncertainties" in Item 1A of our 2005 Form 10-K. We undertake
no obligation to update or revise any forward-looking statements we
make in this release due to new information or future events.
Investors are advised to consult any further disclosures we make on
this subject in our filings with the Securities and Exchange
Commission, especially on Forms 10-K, 10-Q and 8-K, in which we
discuss in more detail various important factors that could cause
actual results to differ from expected or historical results.
DATASOURCE: Zomax Incorporated CONTACT: Anthony Angelini, President
and CEO, +1-763-553-9300, or, Dick Barnes, EVP and CFO,
+1-763-553-9300, both of Zomax Incorporated Web site:
http://www.zomax.com/
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