Denver, CO (PRWEB) December 15, 2010
The MEDIA GLOBO Corporation [OTC : MGLO] announced today that the Company formally held its 2010 Annual General Meeting of Shareholders on November 19, 2010; and all proposed business development initiatives received overwhelming proxy approval.
The announcement follows a MEDIA GLOBO trademark registration now pending before the U.S. Patent and Trademark Office, along with the Company’s 2010 investment and development of The Education Channel and Walden High as key strategic initiatives within the online secondary education market. Further announcements are expected.
A quorum of 93,495,000 common shares of the total 93,527,227 issued and outstanding common shares in MGLO, as of the Company’s June 30, 2010 fiscal year-end, tendered proxies in favor of (“FOR”) the proposed matters of business at the meeting; thus representing 99.96 % of all common stock voting shares as of the record date for the 2010 Annual General Meeting of Shareholders of The MEDIA GLOBO Corporation.
In addition to approving the Company’s online education business, MGLO shareholders re-approved the 2007 business merger between MEDIA GLOBO and AXESS MEDIA, including its predecessor BIOLOGIX [OTCBB: BGIX], as well as a 2008 NASDAQ authorized reverse split of the MGLO publicly-traded common stock securities. For more visit the Company's website at: http://www.mediaglobocorp.com .
Safe Harbor Statement
Included in this press announcement and referenced hereunder are The MEDIA GLOBO Corporation forward-looking statements and projections within the meaning of Section 27A of the Securites Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct, nor relied upon for investment purposes.
The MEDIA GLOBO Corporation
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