Arabian American Development Announces New Date for 2008 Annual Meeting of Shareholders
Meeting Rescheduled for July 10, 2008 at 10 a.m.
Arabian American Development Co. (NASDAQ:ARSD) today announced that the 2008 Annual Meeting of Shareholders will be held Thursday, July 10, 2008 at 10:00 a.m. CDT at the Company's SugarLand sales office, located at 1600 Highway 6 South, Suite 240, SugarLand, TX. The Annual Meeting of Shareholders was delayed by untimely deliveries of proxy material to shareholders in Saudi Arabia. The meeting was originally set for Wednesday, June 11, 2008.
Nick Carter, Executive Vice President and Chief Operating Officer, South Hampton Resources, commented, "We are confident that we have sufficient additional votes identified to hold the meeting on July 10, 2008. The Company is not aware of any unusual or extraordinary items to be brought before the vote for the rescheduled meeting. Our transfer agent and the auditors will participate by conference call and can answer any questions posed to them at that time. We will be verifying and updating addresses of our Saudi shareholders to ensure a timely schedule prior to the 2009 Annual Meeting."
