Technology Solutions Company Announces Appointment of Liquidating Trustee
May 29 2009 - 3:30PM
Business Wire
Technology Solutions Company today announced that in accordance
with the Plan of Complete Liquidation and Dissolution of the
Company (the "Plan") approved by its stockholders on April 27,
2009, it has engaged and entered into a Liquidating Trust Agreement
(the �Agreement�) with MorrisAnderson & Associates
(�MorrisAnderson�) of Chicago, Illinois to act as trustee pursuant
to the Plan.
As trustee, MorrisAnderson will complete the liquidation of any
remaining assets and the winding up of the affairs of the Company
pursuant to the Plan, including collection of all remaining
accounts receivable, payment of all remaining liabilities and
provision for all anticipated future liabilities. MorrisAnderson
will also be authorized to make additional liquidating
distributions, although, the timing and amount of any future
liquidating distribution or distributions is not yet known.
The Company also announced that effective today, any stockholder
inquiries should be directed to:
� Ms. Bernadette M. Barron Managing Director MorrisAnderson 55 West
Monroe Street, #2500 Chicago, IL 60603 (312) 254-0880 (main)
bbarron@morrisanderson.com
(e-mail)
www.morrisanderson.com
�
FORWARD-LOOKING STATEMENT
This press release may contain forward-looking statements within
the meaning of the federal securities laws, including statements
regarding the timing and amount of potential future liquidating
distribution payments and amounts available for distribution to
holders of common stock, if any. These statements reflect the
Company�s current expectations with respect to future events and
are based on its current assumptions and information currently
available. Actual results may differ materially. There can be no
assurance that the Company�s expectations will be achieved. Please
refer to the risk factors detailed in the Company�s proxy statement
filed with the Securities and Exchange Commission (�SEC�) on April
6, 2009. These forward-looking statements are neither promises nor
guarantees. Investors are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. The Company undertakes no responsibility to revise or
update any such forward-looking information.
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