MISSISSAUGA, ON, Feb. 24 /CNW/ - Datex Technologies Corporation ("Datex" or the "Company") (TSX-V:DTC) today announced that its shareholders had, at a special
meeting held today, voted (including a vote conducted on a
disinterested shareholder basis) in favour of the Company's
continuation as an Ontario corporation and the proposed "going private
transaction," all as previously described in the Company's Management
Information Circular dated January 25, 2011 and previous press
It is the Company's intention to complete its proposed going private
transaction by filing articles of amalgamation on or about March 15,
2011. Assuming the transaction is completed, shareholders of Datex
(other than certain principal shareholders) will see their shares
redeemed for $0.04 per common share of Datex held.
About Datex Technologies Corporation
Datex Technologies Corporation is listed on the TSX Venture Exchange.
Datex is a leading provider of billing software and services, customer
management and order management solutions and telecom expense
management services. For more information about Datex, please visit our
website at www.datex.ca.
Forward Looking Statements
This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual
results could differ materially from those projected herein. The
Company disclaims any obligation to update these forward-looking
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE Datex Technologies Corporation
For further information:
Mr. Jim Dawson, President and CEO
Tel.: (905) 822-2300
Source: Datex Technologies Corporation