GARDEN CITY, N.Y.—Last week,
Emerging Vision (OTC BB: ISEE.OB) cancelled the annual meeting it
had planned to hold on Sept. 21, saying the date the meeting was
called for did not fall within the 50-day period following
determination of the company’s shareholders entitled to
notice of, and a right to cast a vote at, the annual meeting, as
required by Emerging Vision’s by-laws.
According to the company statement, canceling the meeting, which
was issued the day before it was to be held, Emerging Vision
“intends to schedule an annual meeting for a date in the near
future.”
Events planned for the cancelled meeting included shareholder votes
on the company’s board of directors as well as on increasing
the number of authorized shares of Emerging Vision’s common
stock from 150 million to 300 million, according to a proxy
statement for the meeting filed with the Securities and Exchange
Commission on Aug. 29.
Late last week, Emerging Vision also filed another report with the
SEC detailing recent financial results of Oshawa, Ontario-based The
Optical Group, the 525-member buying group the Sterling Optical
parent acquired for $3.6 million effective July 31.
The acquired company had sales of $32.8 million (Canadian) and net
income after currency adjustment of $150,166 Canadian in calendar
2006. For the first seven months of 2007, its sales were $23.5
million Canadian and its income $360,317 Canadian, according to
Emerging Vision.
September 2007