DELRAY BEACH, Fla., Sept. 11, 2012 /PRNewswire/ -- On September 11, 2012, Ronald Ordway, Jonathan Ordway, Templar Alliance Fund, LLC and Ken Baritz (collectively, the "Holders"), holders of approximately 36% of MDTV's shares, notified the Company via facsimile and courier, requesting a Special Shareholder Meeting be held to remove Richard Newman from his position as Director of the Company. In addition, the Holders have requested that the Board name Ken Baritz to fulfill Newman's remaining term on the Board.
Ken Baritz, representing the Holders, stated, "[a]s holders of more than 36% of MDTV, we feel it is necessary to take steps to ensure that the Company's value is maximized for the benefit of all MDTV shareholders."
In addition, the Holders notified MDTV that, if the Company does not support the Holders' recommendations, the Holders will assess their options, including, but not limited to, proposing an alternate slate of directors at the Company's next Annual Shareholder Meeting.
To contact the Holders:
Ken Baritz
Templar Alliance Fund, LLC
238 NE 1st Avenue
Delray Beach, Florida 33444
Phone: (561) 279-8200 (ext. 102)
kenbaritz@yahoo.com
SOURCE Templar Alliance Fund, LLC
