RELM Wireless Terminates Proposed Reincorporation
WEST MELBOURNE, FL, September 24, 2015– RELM Wireless Corporation (NYSE MKT: RWC) today announced that its Board of Directors has terminated the proposed reincorporation to be voted on by its shareholders at a special meeting scheduled to be held on September 30, 2015. The special meeting of shareholders has been cancelled by the Board.
The Board reconsidered the advantages and disadvantages of the proposed reincorporation of the Company from Nevada to Delaware and concluded that it is not in the best interests of the Company and its shareholders. The Board has therefore terminated the proposed reincorporation pursuant to the terms of the Plan of Conversion previously adopted by the Board.
About RELM Wireless Corporation
As an American Manufacturer for almost 70 years, RELM Wireless Corporation has produced high‑specification two‑way communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications. Advances include a broad new line of leading digital two‑way radios compliant with APCO Project 25 specifications. RELM’s products are manufactured and distributed worldwide under BK Radio and RELM brand names. The Company maintains its headquarters in West Melbourne, Florida and can be contacted through its web site at www.relm.com or directly at 1‑800‑821‑2900. The Company’s common stock trades on the NYSE MKT market under the symbol “RWC”.