Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
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]
