NEW YORK, Feb. 11 /CNW/ - TSX:BWC - Crescendo Partners announced today
that they have delivered to Bridgewater Systems Corporation ("Bridgewater")
and its board of directors a requisition for a special meeting of shareholders
pursuant to section 143 of the Canada Business Corporations Act. The meeting
has been requisitioned for the purpose of removing from office certain of the
directors of Bridgewater and to elect nominees to be proposed at or before the
meeting to fill the vacancies created by such removal.
Crescendo Partners owns and controls 2,888,800 common shares of
Bridgewater representing approximately 12.7% of the outstanding common shares.
This press release is issued pursuant to National Instrument 62-103 - The
Early Warning System and Related Take-Over Bid and Insider Reporting Issues,
which requires a report to be filed on SEDAR (www.sedar.com) containing
additional information with respect to the foregoing matters.
For further information:
For further information: contact Eric Rosenfeld, President and CEO,
Crescendo Partners at (212) 319-7676, email: