NEW YORK, May 5 /PRNewswire/ -- EDCI Holdings, Inc.
(Nasdaq: EDCI) ("the Company" or "EDCI"), today announced that on
May 17, 2010, it will hold a
conference call to give an update on the EDCI Plan of Dissolution
("Plan of Dissolution"). EDCI is the majority shareholder of
Entertainment Distribution Company, LLC ("EDC"), a European
provider of supply chain services to the optical disc market. The
Company will also give an update on EDC's business activities
during the conference call.
The conference call will be held on Monday, May 17, 2010, at 9:00 a.m. EST. To access the conference call,
please dial (800) 642-1740 or (706) 634-7533 (international
callers) and conference code 73228231. A live webcast of the
conference call will also be available on the Company's corporate
Web site, located at www.edcih.com.
Clarke Bailey, Chairman and Chief
Executive Officer, will host the call. Additional call
participants will be as follows:
- Matthew Behrent, EVP, Corporate
Development and Legal Counsel
- John Fitzgerald, Chief Operating
Officer of EDC GmbH
- Michael Nixon, Office of the
CFO, Chief Accounting Officer and Corporate Controller
- Kyle Blue, Office of the CFO,
Treasurer
A replay of the conference call will be available through
midnight EST on Thursday, May 27, 2010. The replay can be
accessed by dialing (800) 642-1687 or (706) 645-9291 (international
callers). The conference code for the replay is 73228231.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, without limitation,
statements regarding the timing of certain actions contemplated by
the Plan of Dissolution. When used in this press release, the
words "will," "expects," or "intends to" and other similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements are based on the
opinions, expectations, forecasts, assumptions and estimates of
management at the time the statements are made and are subject to
risks and uncertainties that could cause actual results or the
level of activity, performance or achievements expressed or implied
by such statements to differ materially from our expectations of
future results, level of activity, performance or achievements
expressed or implied by those statements. Such differences
may be caused by factors such as, but not limited to, EDCI's
ability to sell its assets in a timely manner or at all pursuant to
its Plan of Dissolution; EDCI's ability to settle, make reasonable
provision for, or otherwise resolve its liabilities and
obligations; a change in economic conditions; the risks associated
with EDCI's dependence on Universal Music Group's cooperation
regarding any transaction involving EDC; and our Board of
Director's ability to abandon or delay the implementation of the
plan of dissolution. More information about these and other
important factors that could affect our business and financial
results is included in the "Risk Factors" section of our quarterly
report on Form 10-Q we filed with the Securities and Exchange
Commission ("SEC") on October 30,
2009 and the proxy statement we filed with the SEC on
November 16, 2009, as well as EDCI's
other filings with the SEC. EDCI undertakes no obligation to
publicly update or revise any forward-looking statements.
About EDCI Holdings, Inc.
EDCI Holdings, Inc. (Nasdaq: EDCI). is engaged in a final Plan
of Complete Liquidation and Dissolution ("Plan of Dissolution")
that was approved by EDCI's shareholders at a Special Meeting held
on January 7, 2010. EDCI is also the
majority shareholder of Entertainment Distribution Company, LLC
("EDC"), a European provider of supply chain services to the
optical disc market. For more information, please visit
www.edcih.com.
SOURCE EDCI Holdings, Inc.
