Michelex Corporation is filing the notification to withdraw its election under section 54(a) of the Act for the following purpose:
Michelex Corporation has modified its plan of operation and investment objectives and policies through a majority vote of the shareholders, and, for such reason, is filing the notification to withdraw its election under section 54(a) of the Act, The Company intends to focus on developing the underlying divisions of the Michelex Corporation (Michele Audio Division, Michelex Plastics Division, and Michelex Media Products Division) to achieve growth and add value to the shareholder and does not intend to acquire new operations in additional portfolio companies.
This action was authorized by 58.71% of its outstanding voting securities by consent of the shareholders on December 22, 2004.
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