SOURCE: Aztore Holdings, Inc.

August 07, 2008 16:08 ET

Aztore Announces Delay of Meeting

PHOENIX, AZ--(Marketwire - August 7, 2008) - Aztoré Holdings, Inc. (PINKSHEETS: AZHG), an Arizona corporation with an estimated 300 shareholders (the "Company"), announced today that it has delayed its pending shareholders meeting from Monday, August 11, 2008 until Monday, August 25, 2008. The reason cited for the delay was to assure that all shareholders would receive adequate notice of the meeting. The main purpose of the meeting is to vote on a one-for-2,200 share reverse split that would have the effect of taking the company private. Shareholders with less than one share after the reverse would be paid $.15 for their "old" shares. The Board of Directors determined that this is the fair value for the shares taking into account the speculative and illiquid nature of the Company's assets. The major shareholders holding more than 50% of the shares have committed to vote "FOR" the Reverse Split and the going private plan.

About Aztoré. See Since 1995, the Company has been engaged in the investment business specializing in very small and speculative public companies. Aztoré, even though it has more than 100 shareholders, is exempt from regulation under the Investment Company Act of 1940 due to its bankruptcy antecedents. During the period covering fiscal 2002 through fiscal 2004, Aztoré liquidated significant portions of its portfolio and paid off liabilities of more than $2,000,000. Aztoré is continuing to concentrate its investment positions.

Contact Information