Evolving Systems Reports Results of Annual Stockholders' Meeting
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ENGLEWOOD, CO, Jun 10 (MARKET WIRE) --
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of innovative
software solutions and services to the wireless, wireline and cable
market, today announced results from the Company's annual stockholders'
meeting held on June 9, 2009.
The Company had solicited stockholder support on three proposals. By large
margins stockholders re-elected three directors, Bruce W. Armstrong,
George A. Hallenbeck and David J. Nicol; ratified the selection of Grant
Thornton LLP as the Company's independent registered public accounting
firm for the year ended December 31, 2009; and approved the proposal to
amend the Company's Articles of Incorporation to effect a reverse stock
split of the Company's common stock. The approval of the proposal to
effect a reverse stock split will now allow the Board of Directors to
carry out a reverse stock split at one of three reverse split ratios,
1-for-2, 1-for-3 or 1-for-4; the Board of Directors also has the
discretion not to proceed with the reverse stock split.
"We are pleased that stockholders supported all three of the Company's
proposals by wide margins," said Thad Dupper, president and CEO. "Our
Board of Directors will carefully evaluate whether to proceed with the
reverse stock split based upon the factors we outlined in our Proxy
Statement and we will announce the Board's decision in the coming weeks."
The results of the proxy tabulation will be provided in the Company's Form
10-Q for the quarter ending June 30, 2009.
About Evolving Systems
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and
services to more than 70 network operators in over 40 countries worldwide.
Its portfolio includes market-leading products for Service Activation,
Service Verification, Process Management, Dynamic SIM Allocation, Number
Portability, Number Inventory and Mediation solutions. Founded in 1985,
the Company has headquarters in Englewood, Colorado, with offices in the
United Kingdom, Germany, India and Malaysia. Further information is
available at www.evolving.com
CONTACTS:
Investor Relations
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303.393.7044
Email Contact
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