Live Current Shareholders Elect New Directors
October 20 2010 - 7:30PM
Business Wire
Live Current Media Inc. (OTCBB:LIVC) (the “Company”) announces
that the votes in favour of the directors proposed by David Jeffs
exceeded the votes in favour of the directors proposed by
management by 3.75 million at the annual meeting held in Las Vegas
on October 12, 2010. The votes were certified by the independent
inspector of elections on October 15, 2010, at which time the new
directors were elected to serve until the next annual meeting.
The new directors are David Jeffs, John DaCosta, Carl Jackson,
Susan Jeffs, Cameron Pan, Adam Rabiner and Amir Vahabzadeh.
On October 14, 2010, Geoff Hampson resigned as CEO of the
company. On October 15, 2010, the new board appointed David Jeffs
as interim CEO.
The company thanks the shareholders for their ongoing support
and will provide more details soon about management’s plans and
efforts to place Live Current on solid financial footing and
rebuild shareholder value. The company thanks Laurel Hill Advisors
for their assistance with the proxy contest.
About Live Current Media Inc.
Live Current owns one of the most powerful and engaging content
and commerce destinations on the Internet in www.perfume.com. This
site and others in the Company’s portfolio can be built into
subject-specific DestinationHubs™, that can connect people to each
other and to the information, brands, and products they are
passionate about. Live Current has headquarters in Vancouver,
Canada with an office in Mt. Olive, NJ and is publicly traded on
the OTCBB (LIVC). For more information, visit
http://www.livecurrent.com or http://www.perfume.com
All statements in this press release that are not statements of
historical fact are forward-looking statements, including
particularly statements of projected future revenues and net
margins and the Company’s expectation that it will break even in
2012, as well as any projections of growth, earnings, revenue, cash
or other financial items, any statements of the plans, strategies,
objectives and goals of management for future operations, any
statements regarding future economic conditions or performance,
statements of belief and any statements of assumptions underlying
any of the foregoing. These statements are based on expectations
and assumptions as of the date of this press release and are
subject to numerous risks and uncertainties, which could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include,
but are not limited to, general economic conditions particularly as
they relate to demand for our products and services; competitive
factors; pricing pressures; changes in operating expenses; our
ability to raise capital as and when we need it and other factors.
Live Current Media Inc. assumes no obligation to update these
forward-looking statements to reflect future events or actual
outcomes and does not intend to do so.
Live Current Media (CE) (USOTC:LIVC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Live Current Media (CE) (USOTC:LIVC)
Historical Stock Chart
From Jul 2023 to Jul 2024
