The Company will move its headquarters to New York City where UCC is currently located. In addition, the Company has agreed to expand its board of directors to ten members inclusive of Mr. D'Loren, with two additional directors he will nominate. The additional directors are expected to be “independent” under applicable SEC and NASDAQ rules and have experience relevant to the new IP strategy.
Conference Call
The Company will host a conference call to discuss its new business strategy on June, 8, 2006 at 8:30 a.m. EDT. Interested parties may access the call at www.aetherholdings.com or by telephone at (800) 210-9006 / (719) 457-2621. Please ask for confirmation code 3091664. Replay of this call will be available until July 7, 2006, by calling (888) 203-1112 / (719) 457-0820, access code 3091664.
Aether Holdings manages a portfolio of mortgage-backed securities through its wholly-owned subsidiary Aether Systems, Inc. Through the acquisition of UCC Capital, Aether plans to build a new business focused on the acquisition of a diversified portfolio of IP centric companies.
UCC Capital has been providing strategic advice and structured finance solutions to IP centric companies.
UCC also has acted as a principal equity investor in companies with core assets in intellectual property in industries such as consumer branded products,franchising and media and entertainment.
marketing@alchempro.com
