Energy Infrastructure Acquisition Corp. Announces Cancellation of Upcoming Special Meeting of Stockholders
16 Juillet 2008 - 3:55PM
Marketwired
WILMINGTON, DE (AMEX: EIIW) ("Energy Infrastructure" or the
"Company") today announced the cancellation of its Special Meeting
of Stockholders, which was scheduled to be held July 17, 2008. The
Special Meeting was scheduled to consider and vote on the proposed
merger of the Company with and into Energy Infrastructure Merger
Corporation, its wholly owned Marshall Islands subsidiary, for the
purpose of redomiciling the Company to the Marshall Islands as part
of the acquisition of nine companies by Energy Merger from Vanship
Holdings Limited pursuant to a Share Purchase Agreement among
Energy Infrastructure, Energy Merger and Vanship. By letter dated
July 15, 2008, the Securities and Exchange Commission questioned
the Company's ability to timely distribute the proxy statement to
the Company's stockholders in advance of the Special Meeting. Only
one day remains before the date of the Special Meeting (which date
cannot be extended under the Company's certificate of incorporation
beyond July 21, 2008). Accordingly, the Board of Directors of the
Company, as of today's date, has cancelled the Special Meeting.
About Energy Infrastructure
Energy Infrastructure is a blank check company that was formed
for the specific purpose of consummating a business combination.
Energy Infrastructure raised net proceeds of approximately $209.3
million, after partial exercise of the underwriter's over-allotment
option, through its initial public offering consummated in July
2006.
About Vanship
Vanship is a shipping company focused on the Asian market with
high quality Asian charterers such as DOSCO (Dalian Cosco),
Sinochem Corporation, Formosa Petrochemical Corp., S-Oil
Corporation, SK Shipping Corp. and Sanko Steamship Ltd. The company
was established in 2001, and operates from Hong Kong in both the
tanker and dry bulk segments of the shipping industry.
Contact: Energy Infrastructure Acquisition Corp. 1105 North
Market Street Suite 1300 Wilmington, Delaware 19801 Investor
Relations / Financial Media: Nicolas Bornozis President Capital
Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel: +1
212 661 7566 Email: nbornozis@capitallink.com
www.capitallink.com
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