Shareholder majority supports 20-20 Technologies
August 15, 2011 | 5:44 pm CDT
LAVAL -- 20-20 Technologies Inc. announces that as per the special meeting of shareholders held on this day, approximately 70% of the votes casted rejected the resolution presented by a group of dissident shareholders led by Crescendo Partners II LP which sought to replace three members of the Company’s current board of directors with Messrs. Eric Rosenfeld, André Nadeau and Mark Burton.

About 20-20 Technologies Inc.

20-20 Technologies is the world's leading provider of computer-aided design, business and software solutions tailored for the interior design and furniture industries. Dealers and retailers use its desktop and Web-based products and solutions for the home and office markets. 20-20 offers a unique proprietary end-to-end solution, integrating the entire breadth of functions in interior design. It provides a bridge for data communication from the point-of-sale to manufacturing, including computer-aided engineering and plant floor automation software. Operating in twelve countries with more than 500 employees, 20-20 is a publicly traded company (TWT) on the Toronto Stock Exchange (TSX).

SOURCE: 20-20 Technologies Inc.

Have something to say? Share your thoughts with us in the comments below.