The Dissident Shareholders of EMS

November 18, 2005 11:38 ET

Dissident Group Seeks Requisition for Special Meeting of Environmental Management Solutions Shareholders

OTTAWA, ONTARIO--(CCNMatthews - Nov. 18, 2005) - A group of dissident Environmental Management Solutions (EMS) shareholders representing more than 5% of the issued and outstanding shares have called for a special meeting of all EMS shareholders.

In response to the news release issued by EMS regarding a special meeting, the Dissident Group offers the following comments: The Dissident Group wishes to allow the shareholders to decide on the direction and vision of this company (EMS) at the earliest possible date.

The dissident group would expect an expeditious process that will serve to minimize the period of uncertainty, avoid and or minimize disruption, be cost-effective and which will ultimately benefit all shareholders and interested parties.

The Dissident Group is concerned with the current Board's inability to increase shareholder value and their inconsistent corporate strategy. It is the Dissident Group's desire that the current Board of Directors of EMS follow the specific rules under the Canadian Business Corporation Act (CBCA) and The Securities Act as they relate to the calling of a special meeting.

In conclusion, the Dissident Shareholders Group encourage all shareholders of EMS to "vote and decide" and we look forward to hearing from you or seeing you at the upcoming special meeting.

Contact Information

  • Mr. Chris Napior
    (613) 292-7730