Press Releases -
[Cached Version]
Published on: 7/5/2003
Last Visited: 6/12/2004
Further, we question the independence of the dissident slate as they were proposed by Mr. Greenspan and Mr. Greenspan's record as CEO of eUniverse is blemished with financial difficulties.Under Mr. Greenspan's leadership the company's accounting led to restatements, late filings, and delistment from the Nasdaq."
ISS also stated that:
"[T]he company's board has independent directors for six out of seven board seats, setup independent board committees as of Nov. 14, 2003, and two new directors added after the company announced its accounting problems.Further, the board has taken steps to improve management of the company by removing Mr. Greenspan and initiating the process of hiring a new CEO."
...
The eUniverse Board of Directors continues to recommend that eUniverse stockholders vote the WHITE proxy card FOR the Board's four director nominees and discard all blue proxy cards that may be received from Mr. Greenspan.
Only the latest dated proxy counts.