New London, Conn., April 20, 2012 (GLOBE NEWSWIRE) -- Evercel, Inc. (Pink Sheets: EVRC) announced that notice is hereby given that the Annual Meeting of the Stockholders (the "Meeting") of Evercel, Inc. (the "Corporation") shall be held on May 17, 2012, at 10:00 AM EDT at the offices of Robinson & Cole, LLP, 885 Third Avenue, New York, New York, for the purposes of considering and acting upon the following matters:
1. Electing five (5) directors of the Corporation. The Board of Directors has nominated James D Gerson, Garry A. Prime, Richard Perkins, Jr., Peter Litman and John Gutfreund to serve as directors of the Corporation.
2. Amending the Certificate of Incorporation of the Corporation to reflect an increase in the number of authorized shares of common stock, par value $.01 per share, from 30,000,000 to 75,000,000.
3. Approving the Evercel, Inc. 2012 Equity Incentive Plan.
4. Transacting such other business as may properly come before the Meeting or any adjournment or adjournments thereof.
The Board of Directors has set the close of business on April 17, 2012, as the record date to determine the stockholders entitled to notice of, and to vote at, the Annual Meeting.
Shareholders wishing to receive a proxy card should contact Garry Prime at garryprime@hotmail.com or call 781-760-4783
New London, Conn., based Evercel is a multi-industry company whose operations include crab processing for both fresh and frozen markets, sales of Swivel Y-valves used in the treatment of patients on respirators, and Stretch and Cover, Inc., an on-line retailer of slipcovers for household furniture. Evercel also has investments in Zipcar Inc. (car sharing), and Julia LLC (skin wrinkle reduction technology).
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