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Jan 06, 2009 11:35AM
Specializing in the design of mobile video and multimedia systems and solutions based on OFDM technology Since 1990. Posts with name calling, lacking clarity or excessively verbose, will be deleted. Viewpoints pro or con always welcome
TORONTO and MONTREAL, Jan. 6 /CNW/ - Look Communications Inc. ("Look" or the "Corporation") (TSX Venture: LOK and LOK.A) today announced that RiskMetrics Group - ISS Governance Services, Canada's leading independent proxy advisory firm, has recommended that its clients vote in favour of both resolutions relating to Look's Plan of Arrangement process, to be considered at the Corporation's Special Meeting of Shareholders on January 14, 2009. Look shareholders will be asked to approve (by 66 2/3%) both the sales process and the arrangement, as set forth in the Plan of Arrangement, to permit the orderly sale of some or all, in whole or in part, of its key assets to maximize shareholder value. Look will be holding its Special Meeting of Shareholders on January 14, 2009 at 10:00 am at The TSX Group, 130 King Street West, Toronto. Proxies must be received by 5:00 pm (Toronto time) on Monday, January 12, 2009 using one of the methods described on the Voting Instruction Form. For more information on how to vote proxies or where to receive the Corporation's Notice of Special Meeting of Shareholders and Management Information Circular, investors should contact Georgeson Shareholder Communications Canada Inc., the Corporation's proxy solicitation agent, toll free within North America at 1-888-605-7617. Further information is also available at www.look.ca/maximizingshareholdervalue. About Look Communications Inc. Look's mission has been to be an M3 - Mobile Multi Media - communications, entertainment and information service provider in Ontario and Québec. The Corporation currently delivers a full range of communications services including high-speed and dial-up Internet access, digital television distribution, and superior customer service to both the business and residential markets. The Corporation provides its digital television distribution and wireless Internet services using its approximately 100 MHz of Multipoint Distribution System spectrum in the 2.5 to 2.7 GHz frequency band covering approximately 18 million people (1.8 billion MHz/Pops) in the provinces of Ontario and Quebec. Look's shares are listed on the TSX Venture Exchange under the symbols "LOK" for Multiple Voting Shares and "LOK.A" for Subordinate Voting Shares. Look's website may be found at www.look.ca. The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of Look that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by Look at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by Look that actual results achieved will be the same in whole or in part as those forecasts. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. >> %SEDAR: 00013414E
For further information: Peter Block, Investor and Media Relations, investorinfo@look.ca, (647) 259-3284