News Release
Sep. 22, 2004
Harrington Group Limited Calls Shareholder Meeting to Approve ShockRounds(TM) Acquisition
SANTA CLARA, CA., Sep 22, 2004 - /24-7pressrelease.com/ -- MDM Group, Inc. (OTC.PK: MDDM) advises that Harrington Group today distributed a Notice of Meeting, Explanatory Notes and an Independent Experts Report to its shareholders to approve the acquisition of the ShockRounds™ Intellectual Property and commercialization rights.
The Meeting of Harrington shareholders is set for Friday the 22nd of October 2004. Following this meeting and shareholders approving the transaction, Harrington will circulate a public offering document to raise up to AUD$4,000,000.
Upon Harrington Group shareholder approval of the transaction and the imminent closing of the capital raising, MDM Group will be the controlling shareholder of Harrington. MDM Group will receive an additional 40,000,000 performance options that will further increase the Company's interest in Harrington Group upon exercise.
A copy of the Notice of Meeting, the Explanatory Notes and the Independent Experts Report prepared by KPMG can be accessed at http://www.mdmgroupinc.com or http://www.shockrounds.com on the News Release pages. Alternatively, as of Thursday morning Australian time, all of the above documents can be accessed at the Australian Stock Exchange website at http://www.asx.com.au under Company Announcements for Harrington Group which trades under the symbol "HGR."
About ShockRounds
The ShockRounds(TM) enabled munitions have the potential to provide more versatile, effective and safe 'hostile situation' solutions for law enforcement, military, border control, anti-terrorism and Homeland Security initiatives. When fired, ShockRounds(TM) enabled munitions will generate extremely high voltage charges that have the capacity, depending on the munitions used, to affect behaviour modification or target incapacitation on impact. The ShockRounds(TM) technology is proposed to be incorporated in both less-lethal rubber bullets as well as in traditional metal jacket munitions.
Given the global emphasis on law enforcement, security and terrorism prevention, the need for new and more effective non-lethal and less-lethal weapons could not be more acute. ShockRounds™ technology is applicable to all these markets and security needs as they will introduce greater versatility, safety and options for the personnel that work in these market sectors.
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: http://www.shockrounds.com and http://www.mdmgroupinc.com.
MDM Group is also featured on http://www.HomelandDefenseStocks.com a global investment research portal for defense and security.
For full details: http://www.investorideas.com/Companies/MDMGroup/NewsReleases.asp
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc.
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Read more Press Releases from Dawn Van Zant:
