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Consumer Cyclical Media - Diversified

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

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VIDWRX INC > Text of update

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Post by proulxm on Jun 20, 2016 3:04pm

Text of update

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVID-2384032&symbol=VID&region=C

VidWRX CEO Hancock injured, steps down

2016-06-20 14:35 ET - News Release

Mr. George Fleming reports

E STEVE HANCOCK INJURY, VIDWRX STATUS AND SHAREHOLDER CONFERENCE CALL

VidWRX Inc.'s chief executive officer Steve Hancock was injured in a cycling accident on June 8. Mr. Hancock is currently hospitalized with serious injuries, the full extent of which are still being assessed. As a result, the board of directors announces that Mr. Hancock will be stepping down as CEO and director of the company.

The board of directors also announces that due to continuing financial difficulties, the company temporarily suspended operations in May and subsequently engaged an adviser to investigate the company's options. A restructuring and refinancing plan is being developed and will be presented to shareholders via conference call on June 27 at 10 a.m. PST. An overview of the current situation and plan will be available for distribution to interested shareholders prior to the conference call.

Any shareholder wishing to attend the conference call and receive materials is asked to send an e-mail to vidwrxrecovery@gmail.com providing their name and contact information.

We seek Safe Harbor.

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Comment by proulxm on Jun 20, 2016 3:08pm

Very sad for Steve. Wish him a prompt and full recovery. Thanks for every efforts you put in this company.

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Comment by newbie888 on Jun 20, 2016 3:45pm

"Very sad for Steve. Wish him a prompt and full recovery. Thanks for every efforts you put in this company." Yes best wishes. No doubt Steve worked very hard.

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Comment by jerseyman2 on Jun 20, 2016 11:21pm

Sorry to hear of our Leader's accident ...... now I understand why I hadn't received any messages back the past 2 weeks. I will be deff involved with the CC on the 27th ...... it sounds as if there is something in the works, even though there will be a deff rollback in order to raise much needed cash !!! I will continue to help out the Company, and I hope Steve can somehow get back his ...more

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