SunVesta, Inc. (OTC Pink: SVSA) (the Company) announced that its board of directors has approved the sale of its wholly-owned subsidiary, SunVesta Holding AG, to Aires International Investment Inc., the Companys principal creditor. The board also approved the subsequent dissolution of the Company. The sale of SunVesta Holding AG and the Companys dissolution require shareholder approval. The Company has called a special meeting of its shareholders for this purpose on May 14, 2019. An Information Statement and proxy materials have been mailed to the Companys shareholders of record. Shareholders who have not received these materials by May 7, 2019 should contact the Companys Secretary, Andrea Beck, at [email protected].
Important Information for Shareholders
This press release is for informational purposes only and does not constitute a solicitation of any vote or approval. COMPANY SHAREHOLDERS ARE ADVISED TO READ THE INFORMATION STATEMENT AND RELATED DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY (AS WELL AS ALL SUBSEQUENT AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, IF ANY), BECAUSE THEY ALL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the documents upon written request without charge by sending an email to the Companys Secretary, Andrea Beck at [email protected].
The Company and its directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies in connection with the special meeting of shareholders. Information regarding the Company’s directors and executive officers and their respective ownership of the Company common stock is available in the Information Statement. Other information regarding the interests of such individuals as well as information regarding the Companys directors and officers is set forth in the Information Statement. These documents can be obtained free of charge as noted above. Nothing in this press release shall be construed to limit or modify any disclosures in the Information Statement or proxy materials delivered in connection therewith.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations and beliefs of the Company and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties include, but are not limited to: the ability of the Company to obtain shareholder approval of the proposed sale of SunVesta Holding AG and the proposed dissolution of the Company; the Company’s ability to accurately estimate the amounts required to pay all operating expenses, as well as other known, non-contingent liabilities through the liquidation and winding up process; the Company’s ability to settle, make adequate provision for or otherwise resolve its liabilities and obligations; the possibility that the liquidation and winding up process could be delayed by, among other things, claims and unexpected or greater than expected expenses; and other statements contained in this press release regarding matters that are not historical facts. The Company does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Readers are cautioned not to place undue reliance on any forward-looking statements.