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APOLLO ENTERPRISE SOLUTIONS, LTD. - Results of SGM

Long Beach, CA - 11 April, 2013 – APOLLO ENTERPRISE SOLUTIONS, LTD. (the "Company"; Ticker: AES.BH), a leading provider of advanced interactive software solutions for banking transactions, announced results from its special general meeting (the "SGM") held 04 April, 2013.

 

At the SGM, other than proposals 6 and 7 which were withdrawn, the proposals set out in the notice of the SGM dated 20 March 2013 were duly passed by the requisite majority as resolutions of the Company, as follows:

 

1.    Proposal 1: to grant the directors a general authority to issue and allot up to twenty four million (24,000,000) Common Shares of par value $0.0001 each;

2.    Proposal 2: to approve the terms of a draft amalgamation agreement (the “Amalgamation Agreement”) pursuant to which the Company will, for a nominal consideration of $100, amalgamate with a newly formed Canadian company AESTrue Solutions, Ltd. (the “Amalgamation”), such that following and subject always to completion of the Amalgamation, the amalgamated entity will be a Bermuda exempted company known as Apollo Enterprise Solutions, Ltd.;

3.    Proposal 3: to approve the form of a draft statutory declaration to be sworn by a director of the Company prior to completion of the Amalgamation in accordance with section 104A of the Bermuda Companies Act 1981 (as amended) (the “Act”);

4.    Proposal 4: to authorize the Company’s directors to take such other action and/or prepare and execute on behalf of the Company such other agreements, declarations or other documents as may be required to effect the Amalgamation and the acceptance of the Company’s Common Shares to Euroclear and/or CREST;

5.    Proposal 5: to amend bye-law 28 of the Company’s bye-laws by deletion of the word “fourteen” and substituting the word “seven” in place of the same, such that special general meetings of the Company may be called on seven days’ notice;

6.    Proposal 6: WITHDRAWN;

7.    Proposal 7: WITHDRAWN;

8.    Proposal 8: to approve the continued appointment of Lorenz and Opdahl LLP as auditors to the Company until the conclusion of the next annual general meeting of the Company, and to authorise the board of directors to fix the remuneration of the auditors.

 

For further information, contact LuAnne Woodbridge at the Company on LuAnne Woodbridge at the Company on (562) 513-3709 or lwoodbridge@aestrue.com

 

About AES

AES offers an enterprise wide Agent Emulation™ Systemfor management of consumer credit portfolios. AES’ patented TRUE System achieves operational effectiveness, increase in profit, and materially enhances consumer experience and brand loyalty. Consumers are empowered to interact on a self-serve basis to resolve situations on any device, at any time.

 

Media Contact:

USA

Sha’Dona Brewer

Marketing & External Communications

(562) 513-3723

sbrewer@aestrue.com