TUALATIN, Ore., Sept. 22, 2005 (PRIMEZONE) -- microHelix, Inc. (OTCBB:MHLX), a manufacturer of custom cable assemblies and mechanical assemblies for the medical and commercial markets, today announced that it has scheduled its 2005 annual shareholder meeting for 10:00 am, Pacific Time, on Wednesday, November 16, 2005. The meeting will be held at the Company's offices in Tualatin, Oregon.
microHelix anticipates that the proxy statement for the annual shareholder meeting will be mailed to shareholders beginning on or about October 7, 2005. Any shareholder proposals requested to be considered at the annual shareholder meeting must be received by the Secretary of microHelix no later than the close of business on Monday, October 3, 2005, at microHelix's offices at 19500 SW 90th Court, Tualatin, OR 97062.
microHelix also announced today the election of James Thornton, Co-Founder and Managing Director of Guide Ventures (Seattle, WA), to its Board of Directors. Mr. Thornton will also serve as a member of the Audit Committee. Mr. Thornton began his career at Price Waterhouse and Bank of America. Mr. Thornton served as the Chief Financial Officer of Aldus Corporation and CEO of Lifespex Corporation before co-founding Guide Ventures in 1999. microHelix Board Chairman, James Williams, commented that the addition of Jim Thornton to the microHelix Board was further evidence of the Company's commitment to attracting well qualified and energetic leaders to the Board with experience in the development of technology-based enterprises.
Statements in this press release other than statements of historical fact are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management's current views and estimates of future economic and market circumstances, industry conditions, company performance and financial results. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are subject to risks and uncertainties that could cause the Company's actual future results to differ materially from the results discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, competition from existing or new products, production delays, lack of market acceptance of the Company's products, general economic conditions and such other risks and factors as are described from time to time in the Company's Securities and Exchange Commission filings. The forward-looking statements made today speak only as of today and the Company does not undertake any obligation to update any such statements to reflect events or circumstances occurring after today.