Lambda TD Software Inc - LAMBDA Shareholders Approve Resolution
London, October 15
LAMBDA Shareholders Approve Resolution at Special Shareholder Meeting
Approve Termination of Listing on GXG Markets Due to Health Issues of CEO
LAS VEGAS (NV), October 15, 2014: LAMBDA TD Software, Inc. (LONDON, GXG Main
Quote, Symbol: LAMD, ISIN: US51327T2042, WKN: A1JPCA / Valor CH20053472) today
announced that its shareholders approved the resolution presented at the
special meeting of the shareholders of LAMBDA TD Software held on October 3,
2014. As a result, LAMBDA will terminate its listing on GXG markets' Main
Quote, effective immediately, due to health issues of its Chief Executive
Officer, Robert M. Corcoran.
At the special meeting of the shareholders Robert Corcoran emphasized how
strongly he is committed to LAMBDA's regrouping strategy which is required now
in order to be able to effectively build on the business foundation which
LAMBDA has established over the years. He made it clear that in the best
interest of its shareholders LAMBDA believes in the long term value of being a
publicly traded company in the future.
The resolution was approved by shareholders representing in excess of 80% of
LAMBDA's issued share capital and LAMBDA will now request the issuance of a
Termination Notice by GXG Markets. The implementation of LAMBDA's regrouping
strategy has started with the approval at the special meeting of the
shareholders on October 3, 2014.
ABOUT LAMBDA TD Software, Inc.
LAMBDA TD Software, Inc. (
www.lambdatdsoftware.com) is a Las Vegas Smart Home
Automation company that develops and installs the LFE™ FIVE (pronounced "Life
5"), the first cloud–based smart home automation and universal remote control
platform. LAMBDA was founded in 2006 and provides smart home technology
solutions to both commercial and residential customers. The flagship product,
LFE™ FIVE (LAMBDA FIVE ENVIRONMENT), is the first open system, open
architecture remote control system designed for homes, businesses, schools,
hospitals, and municipalities. With LFE™ FIVE (LAMBDA FIVE ENVIRONMENT) entire
high–rise buildings can become connected and turned Green, an approach that is
in many U.S. areas supported with government, carbon offset credits, and Green
Tax credits. LAMBDA is publicly traded on GXG Main Quote in London (UK), ISIN:
US51327T2042, WKN: A1JPCA / TICKER: LAMB. CONTACT: Robert Corcoran at (702)
998-6465 Robert@lambdaTDsoftware.com.
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