Oryx Technology Corp. Announced Dissolution

MORGAN HILL, Calif.--(BUSINESS WIRE)--Oryx Technology Corp. (Pink Sheets:ORYX - News), announced today that its Board of Directors (the "Board") and its stockholders have determined that it is in the best interests of the Company to liquidate the Company's assets and to dissolve the Company. In connection with this determination, the Company's Board unanimously approved a Plan of Dissolution of the Company (the "Plan of Dissolution") and stockholder approval subsequently took place on or about October 16, 2009, with more than 60% of the Company's outstanding shares voting to approve such dissolution upon written consent without a meeting, all as provided under Delaware law. The Plan of Dissolution contemplates an orderly wind down of the Company's business and operations. The Company filed a certificate of dissolution today October 27, 2009, its record date for determining stockholders entitled to share in its distribution of assets, if any. On the record date, the Company instructed its transfer agent to close its stockholder record books and cease securities transfers at the end of day when the market closes. Effective with the stockholders' action approving the dissolution, the Company ceased all operations other than those related to the shutdown. The Company intends to satisfy or resolve all its remaining known liabilities and obligations, including contingent l...
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