Echelon -
[Cached Version]
Published on: 11/12/1997
Last Visited: 3/10/2001
According to Darryl A. LeClair , Chairman , President and CEO of Echelon , We value all of our stockholders and realize that the cost of brokerage commissions may have deterred some individuals from selling a small amount of shares.This voluntary program will provide these stockholders with a convenient and inexpensive opportunity to sell their Echelon shares through the mail at a small fee , while enabling the Company to save the annual administrative costs associated with servicing odd-lot accounts. Many Echelon stockholders receieved odd-lots in connection with the spin-off from Florida Progress Corporation ( NYSE : FPC ) in December 1996.
Shareholder Communications Corporation , a specialist in the design and implementation of odd-lot programs , will administer and manage the program for the Company and expects to mail program materials to stockholders by November 12 , 1997 based on their holdings as of November 6 , 1997.The program will run through December 15 , 1997 , unless extended by the Company and will be conducted entirely by mail.All sales will be made only through Shareholder Communications.
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Darryl A. LeClairPresident and Chief Executive Officer813-824-6767
or
Lippert/Heilshorn & Assoc. , Inc. , New YorkJohn W.Eeilshorn , Jr./Danielle L. Reilly212-838-3777John@lhai .com