TORONTO, ONTARIO--(Marketwire - Jan. 2, 2012) - EnerCare Inc. ("EnerCare") (TSX:ECI) today announced it has received a second requisition from Octavian Advisors for a special meeting of shareholders. EnerCare will consider the request with its advisors and provide a response within the statutory 21 day period, which ends on January 20th, 2012.
As announced on December 28, 2011, EnerCare has set its annual and general meeting for April 30, 2012. James Pantelidis, Chairman of the Board, will provide an update to shareholders on the Company's achievements in 2011 and management will outline its growth strategy going forward. The Board has fixed March 2, 2012 as the record date for the meeting.
EnerCare and EnerCare Solutions Inc. own a portfolio of approximately 1.2 million water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns Stratacon Inc. and EnerCare Connections Inc., leading Sub-metering companies, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. Additional information regarding EnerCare and EnerCare Solutions Inc. is available on SEDAR at www.sedar.com.
Certain statements in this news release are forward-looking statements, which reflect management's expectation regarding EnerCare's and EnerCare Solutions' growth, results of operations, perform ance, business prospects and opportunities. Such forward-looking information reflects management's current beliefs and is based on information available to them and/or assumptions management believes are reasonable. Many factors could cause results to differ materially from the results discussed in the forward-looking information. Although the forward-looking information is based on what management believes to be reasonable assumptions, EnerCare and EnerCare Solutions Inc. cannot assure investors that actual results will be consistent with this forward-looking information. Except as required by applicable securities laws, neither EnerCare nor EnerCare Solutions Inc. intend and do not assume any obligation to update or revise the forward-looking information, whether as a result of new information, future events or otherwise.