Ascend Acquisition Corp. Announces Record Date
April 17 2008 - 4:41PM
PR Newswire (US)
NEW YORK, April 17 /Xinhua-PRNewswire-FirstCall/ -- Ascend
Acquisition Corp. (OTC:ASAQOTC:ASAQUOTC:ASAQW) (BULLETIN BOARD:
ASAQ, ASAQU, ASAQW) ('Ascend'), a public company organized for the
purpose of acquiring an operating business, announced today that
stockholders of record as of April 21, 2008 (the 'Record Date')
will be invited to attend Ascend's special meeting in lieu of
annual meeting of stockholders to vote on the following six
proposals: (1) to consider and vote upon a proposal to move the
domicile of Ascend to Bermuda through an amalgamation of Ascend and
ePAK International Limited ('ePAK'), a Bermuda subsidiary formed
for the purpose of effecting the redomestication; (2) to approve
the Agreement and Plan of Reorganization, dated as of July 20,
2007, as amended, by which ePAK would acquire all of the
outstanding capital stock of e.PAK Resources (S) Pte. Ltd. ('e.PAK
Resources'), (3) to consider and vote upon a proposal to increase
the authorized common stock of the continuing public company from
30 million to 70 million shares; (4) to consider and vote upon a
proposal to approve an equity-based incentive compensation plan for
directors, officers, employees, consultants and others; (5) to
consider and vote upon a proposal to have the continuing public
company's name be ePAK International Limited; and (6) to consider
the adjournment, if necessary, of the special meeting to solicit
proxies. Ensuring Your Vote is Counted In advance of the Record
Date, Ascend advises holders of its securities to move these
securities into accounts which do not permit the lending of
securities, so called cash accounts or segregated accounts, and out
of accounts that permit the lending of securities, such as margin
accounts. These steps are designed to ensure that votes related to
common and common shares beneficially owned by stockholders are
properly counted. Beneficial owners of common shares that have been
lent out (either with or without the beneficial owners' knowledge)
are not permitted to vote those shares. About e.PAK Resources e.PAK
Resources was established in 1999 by a team of semiconductor
industry veterans. e.PAK Resources' product areas include IC
transport, wafer, and electronic systems handling. The company's
products are sold globally to a blue chip customer list of
semiconductor companies, equipment suppliers, and assembly and test
vendors. The company's low-cost, large-scale manufacturing
operations in Shenzhen, PRC are centrally located to the
semiconductor industry. e.PAK Resources is based in Singapore and
maintains nine sales offices worldwide. About Ascend Acquisition
Corp. Ascend Acquisition Corp. was formed on December 5, 2005 for
the purpose of effecting a merger, capital stock exchange, asset
acquisition or other similar business combination with an operating
business. Ascend raised net proceeds of approximately $38.5 million
through its initial public offering in May 2006. Not a Proxy
Statement This press release is not a proxy statement or a
solicitation of proxies from the holders of common stock of Ascend
and does not constitute an offer of any securities of Ascend for
sale. In connection with the proposed acquisition, Ascend has filed
a preliminary proxy statement/prospectus with the Securities and
Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO
READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS THAT WILL BE MAILED
TO ALL STOCKHOLDERS OF RECORD BECAUSE IT CONTAINS IMPORTANT
INFORMATION ABOUT ASCEND AND e.PAK RESOURCES. Any solicitation of
proxies will be made only by Ascend's definitive proxy
statement/prospectus. Investors and security holders may obtain a
free copy of the definitive proxy statement/prospectus and other
documents filed by Ascend at the Securities and Exchange
Commission's web site at http://www.sec.gov/. This press release
may contain certain forward-looking statements including statements
with regard to the future performance of Ascend. Words such as
'believes,' 'expects,' 'projects,' and 'future' or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements inherently involve certain risks
and uncertainties that are detailed in Ascend's filings with the
Securities and Exchange Commission. Ascend undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
For more information, please contact: Ascend Acquisition Corp. Don
K. Rice, Chairman and CEO Tel: 610-519-1336 Email: Investor
Relations: Crocker Coulson, President CCG Investor Relations Tel:
646-213-1915 Email: DATASOURCE: Ascend Acquisition Corp. CONTACT:
Don K. Rice, Chairman and CEO of Ascend Acquisition Corporation,
+1-610-519-1336, or ; or Crocker Coulson, President of CCG Investor
Relations for Ascend Acquisition Corp., +1-646-213-1915, or
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