MZT Holdings, Inc. (MZT), Formerly Known as Matritech, Inc. (NMPS)., Announces Stockholders Approved Sale of Substantially All Assets; Executive Officers Resigns
12/13/2007 1:11:12 PM
NEWTON, Mass.--(BUSINESS WIRE)--MZT Holdings, Inc., formerly known as Matritech, Inc. (Amex:MZT), announced today that its stockholders have approved:
• the sale of substantially all of the assets of the company to Milano Acquisition Corp., a wholly owned subsidiary of Inverness Medical Innovations, Inc., pursuant to and on the terms set forth in an Asset Purchase Agreement dated August 27, 2007 by and among Inverness, Milano and Matritech;
• the plan of complete liquidation and dissolution of the company, including the liquidation and dissolution of the company contemplated thereby, following the closing of the asset sale; and
• the amendment to the company’s certificate of incorporation to change its name to MZT Holdings, Inc. following the closing of the asset sale.