DALLAS, April 16 /PRNewswire-FirstCall/ -- Blockbuster
Inc. (NYSE: BBI, BBI.B) today announced it has rescheduled its
annual meeting of stockholders to June 24,
2010. The annual meeting will be held at Renaissance
Tower, 1201 Elm Street 21st floor, Dallas
Texas 75270. Blockbuster stockholders of record as of
April 28, 2010 will be entitled to
vote a WHITE proxy card.
"As a result of the continued progress on our recapitalization
initiatives, we have rescheduled the annual stockholders' meeting,"
stated Tom Casey, Executive Vice
President and Chief Financial Officer of Blockbuster Inc. "We
believe the additional time will provide us with the greatest
opportunity to successfully complete one or more of our ongoing
recapitalization initiatives prior to the annual meeting, possibly
resolving our NYSE non-compliance and avoiding the need for a
reverse stock split."
Company Statement
Stockholders are urged to read Blockbuster's definitive proxy
statement when it becomes available because it will contain
important information regarding Blockbuster's annual meeting of
stockholders to be held on June 24,
2010. Stockholders and other interested parties may
obtain, free of charge, copies of the proxy statement (when
available), and any other documents filed by Blockbuster with the
Securities and Exchange Commission (the "SEC"), at the SEC's
Internet website at www.sec.gov. The proxy statement (when
available) and these other documents may also be obtained free of
charge by contacting Morrow & Co., Inc., the firm assisting
Blockbuster in the solicitation of proxies, toll-free on
+1-800-607-0088.
Blockbuster and certain of its directors and executive officers
may, under the rules of the SEC, be deemed to be "participants" in
the solicitation of proxies from Blockbuster's stockholders in
respect of the 2010 annual meeting of stockholders.
Information regarding the interests of such persons,
including such persons' beneficial ownership of Blockbuster common
stock is set forth in Blockbuster's preliminary proxy statement,
filed April 6, 2010, and
Blockbuster's definitive proxy statement to be filed on or around
May 3, 2010 with respect to the 2010
annual meeting of stockholders.
About Blockbuster Inc.
Blockbuster Inc. is a leading global provider of rental and
retail movie and game entertainment. The company provides customers
with convenient access to media entertainment anywhere, any way
they want it - whether in-store, by-mail, through vending kiosks or
digitally to their homes and mobile devices. With a highly
recognized brand and a library of more than 125,000 movie and game
titles, Blockbuster leverages its multichannel presence to serve
nearly 47 million global customers annually. The company may be
accessed worldwide at www.blockbuster.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements may also be included from time to time in our other
public filings, press releases, our website and oral and written
presentations by management. Specific forward-looking statements
can be identified by the fact that they do not relate strictly to
historical or current facts and include, without limitation, words
such as "may," "will," "expects," "believes," "anticipates,"
"plans," "estimates," "projects," "predicts," "targets," "seeks,"
"could," "intends," "foresees" or the negative of such terms or
other variations on such terms or comparable terminology.
Similarly, statements that describe our strategies, initiatives,
objectives, plans or goals are forward-looking. These
forward-looking statements are based on management's current
intent, belief, expectations, estimates and projections. These
statements are not guarantees of future performance and involve
risks, uncertainties, assumptions and other factors that are
difficult to predict. Therefore, actual results may vary materially
from what is expressed in or indicated by the forward-looking
statements. The risk factors set forth under "Item 1A. Risk
Factors" in our Annual Reports on Form 10-K and other matters
discussed from time to time in our filings with the SEC, including
the "Disclosure Regarding Forward-Looking Information" and "Risk
Factors" sections of our Quarterly Reports on Form 10-Q, among
others, could affect future results, causing these results to
differ materially from those expressed in our forward-looking
statements. In particular, there is no assurance that our
recapitalization efforts will be successful prior to the date of
the rescheduled annual meeting or at all. In the event that
the risks disclosed in our public filings cause results to differ
materially from those expressed in our forward-looking statements,
our business, financial condition, results of operations or
liquidity could be materially adversely affected and investors in
our securities could lose part or all of their investments.
Accordingly, our investors are cautioned not to place undue
reliance on these forward-looking statements because, while we
believe the assumptions on which the forward-looking statements are
based are reasonable, there can be no assurance that these
forward-looking statements will prove to be accurate. Further, the
forward-looking statements included in this release and those
included from time to time in our other public filings, press
releases, our website and oral and written presentations by
management are only made as of the respective dates thereof. Except
as otherwise required by law, we undertake no obligation to update
publicly any forward-looking statement in this release or in other
documents, our website or oral statements for any reason, even if
new information becomes available or other events occur in the
future.
SOURCE Blockbuster Inc.
