Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
IRVINE, Calif., Dec. 20, 2016 -- ACME Communications, Inc. (Pink Sheets:ACME) today announced that pursuant to the Plan of Liquidation approved by its shareholders in December 2012, its Board has approved a final distribution of $0.0432 per share, payable in cash on December 30, 2016 to shareholders of record as of December 26, 2016. Based on the Company’s outstanding shares of common stock of 16,046,763, the total amount of the distribution will be approximately $693,000.
The liquidation distribution is being treated as a return of capital. Following the distribution, the Company will have extinguished all known and potential liabilities and have no remaining assets. The Company expects to be dissolved by December 31, 2016.
The Company anticipates it will post its final annual report for the year ended December 31, 2016 on Monday, January 2, 2017 via its website at www.acmecommunications.com.
About ACME Communications, Inc.
ACME Communications, Inc. was formed in 1997 as a television station operator and grew to twelve television stations by 2002. Beginning in 2003, the Company began an organized process of exiting from the business. Its shares are traded over-the-counter under the symbol: (Pink Sheets:ACME).
Forward-Looking Statements
The matters discussed in this press release include forward-looking statements. In addition, when used in this press release, the words "will", "expects" and similar expressions are intended to identify forward looking statements. Such statements are subject to a number of risks and uncertainties. Many factors could cause actual results in the future to differ materially and adversely from those described in the forward-looking statements. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.
CONTACT: ACME Communications, Inc. Thomas D. Allen Director, President and Corporate Secretary 714-245-9499 / [email protected]
