Geneva Acquisition Corp. (NYSE Alternext US: GAC; GAC-WT; GAC-U) (“Geneva”) today announced that its board of directors established February 11, 2009 as the record date for the determination of those holders of record of Geneva’s common stock, par value $0.0001 per share who are entitled to receive a final liquidating distribution from Geneva’s trust account. Geneva has instructed its transfer agent, Continental Stock Transfer & Trust Company, to close its stock transfer books as of the end of business on February 11, 2009.
The board of directors of Geneva expects that on or about February 17, 2009 the trustee of Geneva’s trust account will make a final liquidating distribution of the trust account in the approximate amount of $5.95 per share of common stock issued in Geneva’s initial public offering to the holders of record as of February 11, 2009 of such shares. No payments will be made with respect to any of Geneva’s outstanding warrants or to the shares owned by Geneva’s initial stockholders prior to the initial public offering.
About Geneva Acquisition Corporation
Geneva Acquisition Corporation is a blank check company whose objective was to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. As of the date of this release, Geneva is pursuing its liquidation.
This press release contains statements which constitute 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. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements. Geneva undertakes no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.
Contacts:
Geneva Acquisition Corporation
James E. McGrath, 617-361-6530
jmcgrath@geneva-spac.com
or
John
Rousseau, 617-472-2805 X 8410
jrousseau@geneva-spac.com
or
Investor
Relations:
The Equity Group Inc.
Lena Cati, 212-836-9611
lcati@equityny.com
or
Linda
Latman, 212-836-9609
llatman@equityny.com
