Encorium Group, Inc. Schedules Date for Annual Meeting of Stockholders
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Encorium Group, Inc. (Nasdaq: ENCO),
a leader in the design, development, and management of complex clinical
trials and patient registries for many of the world's leading
pharmaceutical and biotechnology companies, today announced that its
Board of Directors has set October 5, 2007 as the date for its 2007
Annual Meeting of Stockholders (the "Meeting”)
for stockholders of record as of August 28, 2007.
In accordance with Rule 14a-5(f) promulgated under the Securities
Exchange Act of 1934 (the "1934 Act”)
and other applicable rules of the Securities and Exchange Commission
(the "Commission”),
we are hereby notifying our stockholders that August 6, 2007 will be the
deadline for submitting stockholder proposals for inclusion in our proxy
statement for the Meeting, which we believe is a reasonable time before
we will begin the printing and mailing of our proxy materials for the
Meeting. All stockholder proposals must be in compliance with applicable
laws and regulations in order to be considered for inclusion in the
proxy statement and form of proxy for the Meeting.
A stockholder of the Company may wish to have a proposal presented at
the Meeting, but not to have such proposal included in the Company’s
proxy statement and form of proxy relating to the Meeting. If notice of
any such proposal is not received by the Company by August 6, 2007,
which we believe is a reasonable time before we will begin the printing
and mailing of our proxy materials for the Meeting, then such proposal
shall be deemed "untimely”
for purposes of Rule 14a-4(c) promulgated under the 1934 Act and,
therefore, the individuals named in the proxies solicited on behalf of
the Board of Directors of the Company for use at the Meeting will have
the right to exercise discretionary voting authority as to such
proposal. The foregoing deadlines are later than the deadlines disclosed
in the Company’s proxy statement filed with
the Commission on September 15, 2006.
Stockholder proposals should be addressed to the Corporate Secretary of
Encorium Group, Inc. at our principal executive offices located One
Glenhardie Corporate Center, Suite 100, 1275 Drummers Lane, Wayne, PA
19087. We reserve the right to reject, rule out of order, or take other
appropriate action with respect to any proposal that does not comply
with these and other applicable requirements.
About Encorium Group, Inc.
Encorium Group, Inc. is a global clinical research organization that is
a leader in the design and management of complex clinical trials and
Patient Registries for the pharmaceutical, biotechnology and medical
device industries. The Company's mission is to provide its clients with
high quality, full-service support for their biopharmaceutical and
medical device development programs. Encorium offers therapeutic
expertise, experienced team management and advanced technologies. The
Company has drug and biologics development as well as clinical trial
experience across a wide variety of therapeutic areas such as infectious
diseases, cardiovascular, vaccines, oncology, endocrinology/metabolism,
diabetes, gene therapy, immunology, neurology, gastroenterology,
dermatology, hepatology, women's health and respiratory medicine.
Encorium believes that its leadership in the design of complex clinical
trials, its therapeutic expertise and commitment to excellence, and its
application of innovative technologies, offer its clients a means to
more quickly and cost effectively move products through the clinical
development process. Encorium is headquartered in Wayne, Pennsylvania
with its European base of operations in Espoo, Finland. The Company has
a geographic footprint that includes over one billion people in North
America, Western/Central/Eastern Europe, Scandinavia, and the Baltics.
This press release contains forward-looking statements identified by
words such as "estimate," "project," "expect," "intend," "believe,"
"anticipate" and similar expressions. Actual results might differ
materially from those projected in, expressed in or implied by the
forward-looking statements. Potential risks and uncertainties that could
affect the Company's future operating results and financial condition
include, without limitation: (i) our success in attracting new business
and retaining existing clients and projects; (ii) the size, duration,
and timing of clinical trials we are currently managing may change
unexpectedly; (iii) the termination, delay or cancellation of clinical
trials we are currently managing could cause revenues to decline
unexpectedly; (iv) the timing difference between our receipt of contract
milestone or scheduled payments and our incurring costs to manage these
trials; (v) outsourcing trends in the pharmaceutical, biotechnology and
medical device industries; (vi) the ability to maintain profit margins
in a competitive marketplace; (vii) our ability to attract and retain
qualified personnel; (viii) the sensitivity of our business to general
economic conditions; (ix) other economic, competitive, governmental and
technological factors affecting our operations, markets, products,
services and prices; (x) announced awards received from existing and
potential customers are not definitive until fully negotiated contracts
are executed by the parties; (xi) our backlog may not be indicative of
future revenues and may not generate the revenues expected; (xii) our
ability to successfully integrate the businesses of Encorium and
Remedium Oy which we acquired on November 1, 2006; and (xiii) ability of
the combined businesses to operate successfully, generate revenue growth
and operating profits. You should not place any undue reliance on these
forward looking statements which speak only as of the date of this press
release. Additional information concerning factors that might affect our
business or stock price which could cause actual results to materially
differ from those in forward-looking statements is contained in Encorium
Group's SEC filings, including its Annual Report on Form 10-K for the
year ended December 31, 2006 and other periodic reports under the
Securities Exchange Act of 1934, as amended, copies of which are
available upon request from Encorium Group's investor relations
department or The Equity Group Inc.