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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