Global Logistics Acquisition Corp. Announces Record Date and Date of Special Meeting of Stockholders
29 Noviembre 2007 - 7:00AM
PR Newswire (US)
NEW YORK, Nov. 29 /PRNewswire-FirstCall/ -- Global Logistics
Acquisition Corporation (Amex: GLA; GLA.U; GLA.WS) ("GLAC"), a
public company organized for the purpose of acquiring an operating
business, announced today that stockholders of record as of
December 12, 2007 (the "Record Date") will be invited to attend
GLAC's special meeting in lieu of annual meeting of stockholders to
be held on January 8, 2008. Stockholders of record will be asked to
vote on six proposals, including (1) to consider and vote upon a
proposal to approve the Stock Purchase Agreement, dated as of May
18, 2007, and amended on November 1, 2007, among GLAC, The Clark
Group, Inc. ("Clark") and the stockholders of Clark, which, among
other things, provides for the acquisition of all of the
outstanding capital stock of Clark for a total consideration of
$75,000,000; (2) to consider and vote upon a proposal to approve an
amendment to the certificate of incorporation of GLAC to change the
name of GLAC from "Global Logistics Acquisition Corporation" to
"Clark Holdings Inc."; (3) to consider and vote upon a proposal to
approve an amendment to the certificate of incorporation of GLAC to
remove provisions that are no longer applicable to GLAC; (4) to
consider and vote upon a proposal to approve an equity-based
incentive compensation plan for directors, officers, employees,
consultants and others; (5) to elect seven directors to GLAC's
board of directors, of whom two will serve until the annual meeting
to be held in 2009, three will serve until the annual meeting to be
held in 2010 and two will serve until the annual meeting to be held
in 2011 and, in each case, until their successors are elected and
qualified; and (6) to consider the adjournment, if necessary, of
the special meeting to solicit proxies. Ensuring Your Vote is
Counted In advance of the Record Date, GLAC advises holders of its
securities to move these securities into accounts which do not
permit the lending of securities, so called cash accounts or
segregated accounts, and out of accounts that permit the lending of
securities, such as margin accounts. These steps are designed to
ensure that votes related to common and common shares beneficially
owned by stockholders are properly counted. Beneficial owners of
common shares that have been lent out (either with or without the
beneficial owners' knowledge) are not permitted to vote those
shares. About The Clark Group Over its 30-year history, The Clark
Group has built a position as the leading independent provider of
value-added distribution, transportation management, and
international air and ocean freight forwarding services to the
print media industry. About Global Logistics Acquisition
Corporation Global Logistics Acquisition Corporation, a publicly
traded acquisition corporation, is focused solely on acquiring
privately held transportation and logistics companies. The Company
raised net proceeds of approximately $88 million through its
initial public offering in February 2006 led by BB&T Capital
Markets and EarlyBirdCapital, Inc. Please visit
http://www.glacteam.com/ for more information. Not a Proxy
Statement This press release is not a proxy statement or a
solicitation of proxies from the holders of common stock of GLAC
and does not constitute an offer of any securities of GLAC for
sale. In connection with the proposed acquisition, GLAC has filed a
preliminary proxy statement with the Securities and Exchange
Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE
DEFINITIVE PROXY STATEMENT THAT WILL BE MAILED TO ALL STOCKHOLDERS
OF RECORD BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT GLAC AND
CLARK. Any solicitation of proxies will be made only by GLAC's
definitive proxy statement. Investors and security holders may
obtain a free copy of the definitive proxy statement and other
documents filed by GLAC at the Securities and Exchange Commission's
web site at http://www.sec.gov/. This press release may contain
certain forward-looking statements including statements with regard
to the future performance of GLAC. Words such as "believes,"
"expects," "projects," and "future" or similar expressions are
intended to identify forward-looking statements. These
forward-looking statements inherently involve certain risks and
uncertainties that are detailed in GLAC's filings with the
Securities and Exchange Commission. GLAC undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: Global Logistics Acquisition Corporation CONTACT:
Gregory E. Burns, President, CEO, Global Logistics Acquisition
Corp., +1-646-495-5094; or Investors, Jeff Majtyka or Brad Edwards,
or Media, Jenna Focarino, all of Brainerd Communicators, Inc.,
+1-212-986-6667 Web site: http://www.glacteam.com/
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