Investors: Intro & Stock Quote
On March 28, 2007, during a Special Meeting of Stockholders of CellStar Corporation (the "Company"), holders of a majority of the Company's outstanding common stock voted to approve the sale of its U.S. and Mexico operations, the Liquidation and Dissolution proposal, and the amendment of CellStar's Certificate of Incorporation to change the corporate name to CLST Holdings, Inc..
Subsequently, the Company has sold substantially all of its assets in two separate transactions. On March 30, 2007, the Company completed the sale of its U.S. and Miami operations to wholly-owned subsidiaries of Brightpoint Inc. Also, on April 12, 2007, the Company completed the sale of its operations in Mexico to Soluciones Inalambricas S.A. de C.V. and Prestadorea de Servicios en Administratcion y Recursos Humanos, S. A. de C.V. The Company's operations in Chile were not part of the above-mentioned transactions and the Company is currently pursuing the possible sale of those operations.
On April 3, 2007, the company formally changed its name to CLST Holdings, Inc. For more information on the Plan and Dissolution, please refer to the Proxy Statement filed by the Company on February 21, 2007.
Effective May 31, 2007, CLST Holdings, Inc. is currently traded on the over-the-counter (OTC) market under the symbol CLHI and is quoted on the Pink Sheets. You can access a quote for CLST Holdings, Inc. stock at www.pinksheets.com
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