SEC File
No. 001-33563
Alyst
Acquisition Corp. Announces Postponement of Special
Meeting
of Stockholders Until June 24, 2009
NEW YORK, JUNE
18/PRNewswire-FirstCall/Alyst Acquisition Corp. (NYSE Amex: AYA), a special
purpose acquisition company (“Alyst” or the “Company”), today announced that it
has postponed its special meeting of stockholders, which had previously been
scheduled for 9:30 a.m., Eastern time, on Tuesday, June 23, 2009, to 4:30 p.m.,
Eastern time, on Wednesday, June 24, 2009. At the postponed special
meeting, stockholders of Alyst will be asked to vote on, among other proposals,
the proposed business combination with China Networks Media, Ltd., a BVI company
(China Networks), and the related redomestication of Alyst to the BVI through a
merger with its wholly-owned subsidiary, China Networks International Holdings,
Ltd. (CNIH). The postponed special meeting will be held at the
offices of McDermott Will & Emery, LLP, 340 Madison Avenue, 2nd Floor, New
York, New York 10173. The record date for stockholders entitled to
vote on the proposals to be considered at the special meeting remains May 29,
2009.
Alyst, CNIH, and China Networks and their
respective directors and executive officers, and Chardan Capital Markets,
Alyst’s financial advisor, and its partners and directors, may be deemed to be
participants in the solicitation of proxies for the Special Meeting of Alyst
stockholders. In connection with the pending transaction, CNIH filed
with the SEC a Registration Statement on Form S-4, File No. 333-157026, which
was declared effective by the SEC on May 29, 2009. The stockholders of
Alyst are urged to read the Registration Statement and the definitive proxy
statement/prospectus, as well as all other relevant documents filed with the
SEC. These documents contain important information about Alyst, CNIH,
China Networks and the proposed transaction.
Stockholders
may obtain a copy of the definitive proxy statement/prospectus and any other
relevant filed documents at no charge from the SEC’s website
(www.sec.gov). These documents will also be available from Alyst at
no charge by directing a request to 233 East 69th Street, #6J, New York, New
York 10021. In addition, stockholders may direct their questions to
Morrow & Co., LLC, 470 West Avenue, 3rd Floor, Stamford, CT 06902, toll-free
(800) 662-5200. Alyst has engaged Morrow & Co., LLC to provide
limited assistance in the proxy solicitation process.
Safe
Harbor Statement
This press release contains
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about Alyst
and China Networks Media, Ltd. and their combined business after completion of
the proposed acquisition. Forward-looking statements are statements that are not
historical facts and may be identified by the use of forward-looking
terminology, including the words "believes," "expects," "intends," "may,"
"will," "should" or comparable terminology. Such forward-looking statements are
based upon the current beliefs and expectations of Alyst's and China Networks
Media, Ltd.'s management and are subject to risks and uncertainties which could
cause actual results to differ from the forward- looking
statements.
Forward-looking statements are not
guarantees of future performance and actual results of operations, financial
condition and liquidity, and developments in the industry may differ materially
from those made in or suggested by the forward-looking statements contained in
this press release. These forward-looking statements are subject to numerous
risks, uncertainties and assumptions. The forward-looking statements in this
press release speak only as of the date of this press release and might not
occur in light of these risks, uncertainties, and assumptions. Alyst undertakes
no obligation and disclaims any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise.
For
Further Information, please contact:
Alyst
Acquisition Corp.
Michael
E. Weksel
Tel:
212-650-0232
Email:
mweksel@alyst.net
SOURCE
Alyst Acquisition Corp.