TORONTO, June 21, 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 July 3, 2013. The vote had been
scheduled for June 25, 2013.
Moving the debtholders vote to July 3, 2013 will allow stakeholders the
opportunity to review Industry Canada guidelines, regarding the
transfer of wireless spectrum, prior to the vote. The guidelines are
anticipated to be provided by the end of June.
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:
Sheryl Steinberg, Mobilicity, email@example.com, 647-707-7377
Joel Shaffer, Longview Communications at 416-649-8006