EDCI Holdings, Inc. (EDCI: OTC Link) | EDCI Holdings, Inc. Announces Fifth Dissolution Distribution

EDCI Holdings, Inc. Announces Fifth Dissolution Distribution

Sep 15, 2011

OTC Disclosure News Service

New York, NY –

EDCI Holdings, Inc. Announces Fifth Dissolution Distribution

NEW YORK, (Thursday), September 15, 2011 /OTC News Disclosure Service/ — EDCI Holdings, Inc. (PINK SHEETS: EDCI) (the “Company” or “EDCI”), today announced that the Company’s Board of Directors has approved a dissolution distribution of $4.1 million or approximately $0.69 per share of EDCI’s common stock outstanding. The Board of Directors has fixed September 23, 2011, as the record date for determining stockholders entitled to participate in the dissolution distribution. The dissolution distribution will be paid on September 30, 2011.  This is the fifth dissolution distribution that EDCI has paid as part of its Plan of Complete Liquidation and Dissolution and in the aggregate approximately $41.2 million of EDCI’s cash has been distributed to its stockholders pursuant to the five dissolution distributions.

 

About EDCI Holdings, Inc.

 

EDCI Holdings, Inc. (PINK SHEETS: EDCID) is engaged in carrying-out its Plan of Complete Liquidation and Dissolution (the “Plan of Dissolution”), which was approved by EDCI’s stockholders on January 7, 2010.  EDCI is also the majority equity-holder 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.

CONTACT: Matthew K. Behrent, Executive Vice President of Corporate Development, at (646) 201-9549 or Kyle E. Blue, Chief Financial Officer at (317) 348-1940.  Web site: www.edcih.com

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/EDCI/news?id=35722

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