TORONTO, July 3, 2013 /CNW/ - Data & Audio-Visual Enterprises Holdings
Inc. and its affiliates (collectively, Mobilicity) announced today that its previously announced recapitalization plan
will be voted on by debtholders on Wednesday, July 10, 2013. The vote
had been scheduled for July 3, 2013.
Stewart Lyons, Mobilicity's President and COO, said, "The Board has
rescheduled the vote on the recapitalization plan to allow it to
consider additional potential alternatives for the Company and its
stakeholders, including customers, dealers and employees."
The postponed meeting for the recapitalization plan will be held at the
offices of Norton Rose Canada LLP, Royal Bank Plaza, South Tower, 200
Bay St., Suite 3800, Toronto, Ontario, M5J 2Z4, at 10:00 a.m. (Toronto
Mobilicity will continue to provide updates as warranted. For more
information, please visit www.mobilicity.ca/investorrelations.
About Mobilicity (DAVE Wireless):
Mobilicity, Canada's smart mobile carrier, was created to bring down the
cost of wireless with unlimited talk, text and data plans, affordable
North American coverage, plus popular handsets and smartphones -without
locking customers into contracts or charging extra or hidden fees.
Everything Mobilicity does adds up to a better wireless experience, not
an expensive one. NOW THAT'S SMART.
Formerly known as Data & Audio-Visual Enterprises Wireless Inc. (DAVE
Wireless), the company is led by Obelysk, a diversified Canadian
holding company, and Quadrangle Capital Partners, a global investor in
the telecommunications and media sectors. Mobilicity was named one of
Canada's Top 25 Up and Coming Information & Communication Technology
start-ups in 2010 by the Branham Group Inc. Further information about
Mobilicity can be found at www.mobilicity.ca.
For further information:
Andrea Fiederer, Mobilicity, firstname.lastname@example.org, 647-707-7377
Joel Shaffer, Longview Communications, 416-649-8006