NHLTNatural Heritage Land Trust (Wisconsin)
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NHLT now expects the mailing of the final Proxy Statement to its shareholders to occur in the first part of January and the shareholder's meeting to be held in the third or fourth week of January.
As part of the transaction, NHLT would retire all of its outstanding liabilities prior to closing through a combination of cash payments and equity for debt swaps with creditors.
Davis, President and CEO of NHLT, "We expect the pending transaction with the ADS shareholders will benefit NHLT shareholders from ownership of an exciting and promising business that can restore meaningful revenues and create bottom line profits.
Schell have been nominated for election to the board of directors of NHLT.
Since NHLT's bankruptcy reorganization was consummated in early 2001, NHLT has concentrated on the redevelopment and redeployment of discount healthcare products and services to the general public.