MINEOLA, N.Y., Sept. 14, 2005 (PRIMEZONE) -- Torbay Holdings Inc. (OTCBB:TRBY) are pleased to announce the result of the recent special shareholder meeting held on September 13, 2005 at the Wingate Inn, Garden City, NY, at which the proposal, a resolution to increase the Authorized shares of the Company to 250,000,000 from the present 100,000,000, was approved as follows:
Proxy by mail/phone 66,194,068 Votes by meeting attendees 2,418,000 Total shares voted 68,612,068 Total shares issued @ 7/29/05 92,727,376 % of shares voted 73.993% Yes votes 65,912,331 No votes 2,699,737 Abstentions 136,000
The margin of approval exceeded 95% of the votes cast.
These figures are awaiting ratification by the transfer agent, StockTrans, Inc.
Gordon Lane.
Chairman