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Comtex News Network, Inc. (CMTX)

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Last Post: 12/11/2015 10:48:19 PM - Followers: 4 - Board type: Free - Posts Today: 0



Comtex News Network, Inc. is a wholesaler of real-time news and related content for major financial and business information distributors. With a specialization in the financial news and content marketplace, Comtex receives, enhances, combines, filters and distributes news and content received from more than 10,000 national and international news bureaus, agencies and publications. The three main product lines produced and distributed by it are: CustomWires(r) - subject-specific newswires compiled from national and international news bureaus, agencies and publications. Presented in a variety of subject combinations, including energy, finance, international and public company information, CustomWires(r) enable distributors to receive news relevant to their target markets; Comtex TopNews - editorially selected top news stories of the day. A range of news story options, including financial markets, vertical markets, general market and world news; and Publisher Full Feeds - delivery from a specific publisher that provides distributors with the complete content offering from that publisher. Comtex has three categories of customers: Co-Brands - Distributors who host financial and business oriented websites on behalf of large financial institutions and major corporations. Distributors electronically query Comtex computers every few seconds to retrieve and use Comtex news content to service their co-brand partners; Databases - These clients have enormous repositories of information; their end-users log on to these systems, conduct complex searches, and are charged for usage. The database accounts also electronically query Comtex computers every few seconds to download Comtex data into their databases; and Per Seat/Enterprise Applications - These clients market to professional investors - either individuals or institutions. Real-time news and information are paramount, so these clients typically use dedicated technology methods to electronically push Comtex data to customers' computer systems on a continual basis. The Company uses a proprietary real-time content processing system designed to process and enhance real-time data. Its competition includes integrators and distributors of news and related content, national and international electronic news and information services, and traditional content providers seeking direct relationships with distributors. At June 30, 2006, Comtex had approximately 25 full-time employees


Notice of Special Meeting of Stockholders

June 2, 2010


NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders (the “Special Meeting”) of Comtex News Network, Inc., a Delaware corporation (the “Company” or “Comtex”), is scheduled to be held on June 2, 2010 at 11:00 a.m. (Eastern Time), at the Sheraton National Hotel, 900 South Orme Street, Arlington, Virginia 22204   for the following purposes:
To elect two directors to serve for a term expiring in 2013 and until their successors are duly elected and qualified;
To approve an amendment to the Company’s Certificate of Incorporation which would effect a reverse stock split pursuant to which each 1,000 shares of the Company’s outstanding Common Stock, par value $0.01 (“Common Stock”), will be converted into one share of Common Stock (with stockholders owning less than one share of Common Stock after giving effect to the reverse stock split receiving a cash payment of $0.29 per pre-split share) (the “Reverse Stock Split”);
To approve an amendment to the Company’s Certificate of Incorporation which would permit actions of the Company’s stockholders to be taken by written consent;
To ratify the appointment of Turner, Stone & Co. LLP as independent auditors for the Company for fiscal year 2010; and
To transact such other business as may properly come before the meeting and any adjournment thereof.
Only stockholders of record at the close of business on April 6, 2010 are entitled to notice of, and to vote at, the Special Meeting and any adjournment thereof. All stockholders are cordially invited to attend the Special Meeting in person. However, to assure your representation at the meeting, you are urged to download, complete, sign and date the proxy card and vote it promptly. Stockholders who have submitted a proxy card may revoke their proxy in writing, or by attending the meeting and voting in person.
Comtex is making the proxy materials available to its stockholders on the Internet on April 16, 2010. You may read, print and download the Company’s 2009 Annual Report on Form 10K and the Proxy Statement at . On April 16, 2010, the Company will mail a notice to its stockholders containing instructions on how to access the proxy materials online. In addition, ten days after mailing such notice, the Company will mail a proxy card and voting instructions to stockholders for voting their shares. On an ongoing basis, stockholders may request to receive proxy materials in printed form by mail or electronically by e-mail.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of this Proxy Statement or the transactions described in this Proxy Statement, passed upon the merits or fairness of the transactions described in this Proxy Statement, or passed upon the adequacy or accuracy of the disclosure in this Proxy Statement. Any representation to the contrary is a criminal offense.
S. Amber Gordon
Corporate Secretary
Alexandria, Virginia
April 7, 2010
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Current Price
Bid Ask Day's Range
#247   Given the time of year, it's more likely flemsnopes 12/11/15 10:48:19 PM
#246   Given the time of year, it's more likely flemsnopes 12/11/15 10:48:19 PM
#245   Has anyone heard any news? 2050 shares traded limestone 12/11/15 11:23:52 AM
#244   Eleven shares at $15 on 11/11/15 after the flemsnopes 11/21/15 09:38:51 AM
#243   Eleven shares at 15.0001 on 11/3/15. I wonder flemsnopes 11/07/15 08:45:20 AM
#242   I commend your enthusiasm, but I think the flemsnopes 10/11/15 08:56:36 PM
#241   I see it a little differently. Any activity limestone 10/09/15 12:49:38 PM
#240   It looks like someone capitulated yesterday. 466 shares flemsnopes 10/09/15 05:49:56 AM
#239   It looks like someone capitulated yesterday. 466 shares flemsnopes 10/09/15 05:49:56 AM
#238   One share, one freaking share, at $25 yesterday. Epic! flemsnopes 09/04/15 09:57:25 AM
#237   I definitely like your theory better. flemsnopes 08/18/15 06:53:57 AM
#236   I do not think this was fat fingers. limestone 08/17/15 09:49:54 PM
#235   Someone either got impatient or has fat fingers flemsnopes 08/17/15 11:16:16 AM
#234   I was very impressed with your interest in peter forrest 07/17/15 12:32:59 PM
#233   This will interest all. I live in NY limestone 07/17/15 11:48:57 AM
#232   I AM BUYING AT 21.00 BUT HAVE NOT peter forrest 07/13/15 10:14:34 AM
#231   Are you involved in the buying or selling flemsnopes 07/11/15 05:33:14 PM
#230   NO I BOUGHT 200 SHARES AT 21 IN peter forrest 06/13/15 11:32:40 AM
#229   Are you saying you sold 100 shares at flemsnopes 06/12/15 10:43:30 PM
#228   THAT TRADE@ 21.00 WAS MINE . NEVER SOLD peter forrest 06/11/15 11:07:28 AM
#227   It looks like we can finally move the flemsnopes 06/08/15 11:59:49 AM
#226   One share at $12.00 and two shares at flemsnopes 05/11/15 06:33:31 AM
#225   Five shares slipped through for $11.00 per share flemsnopes 04/19/15 09:12:55 AM
#224   CMTX probably wouldn't have survived without the cost flemsnopes 04/04/15 09:45:53 AM
#223   I'm doing some research about this stock and Kenozwayz 03/29/15 11:26:07 PM
#222   The major risks are the extremely thin trading flemsnopes 03/24/15 08:30:56 AM
#221   What's the downside risk on CMTX? Kenozwayz 03/24/15 04:08:42 AM
#220   15 shares at $174.90 on 3/3/15, 2 shares flemsnopes 03/23/15 11:12:38 PM
#219   No new activity since 1/2/15. flemsnopes 03/02/15 08:06:57 AM
#218   Who is accumulating and why? That is the flemsnopes 01/02/15 09:25:01 PM
#217   Three shares at 750.00/share today (1/2/15) flemsnopes 01/02/15 04:01:08 PM
#216   Twenty-four shares at 7.50 on Dec 31. flemsnopes 01/02/15 06:40:43 AM
#215   Two more shares at 7.50 on 12/26. flemsnopes 12/30/14 09:09:51 AM
#214   Since my last post 64 shares have traded flemsnopes 12/21/14 11:02:02 AM
#213   We had a one share trade at $10.00 flemsnopes 11/23/14 11:37:20 AM
#212   The current ask is $185.00, but the tax flemsnopes 11/20/14 08:39:49 AM
#211   Based on the historical data from here on flemsnopes 11/20/14 08:33:37 AM
#210   Okay, sorry, one more thing. IH does show flemsnopes 11/19/14 07:08:59 PM
#209   One last point, the FINRA site appears to flemsnopes 11/19/14 06:43:53 PM
#208   It looks like FINRA did make some changes flemsnopes 11/19/14 06:38:42 PM
#207   Somehow the stock exchange reporting has changed and flemsnopes 11/19/14 05:46:18 PM
#206   eddy2, why are you posting completely irrelevant and flemsnopes 11/19/14 05:36:44 PM
#205 eddy2 11/15/14 12:36:03 PM
#204 eddy2 11/13/14 11:00:40 AM
#203 If I may I eddy2 11/10/14 03:22:04 PM
#202 Only 54% of Canadians know eddy2 11/07/14 03:32:56 PM
#201 Please don't fo eddy2 11/07/14 10:32:41 AM
#200 eddy2 11/07/14 10:29:50 AM
#199 eddy2 11/07/14 10:23:32 AM
#198   Another factor if I will is the depreciated eddy2 11/07/14 10:05:49 AM