JC Data Solutions Sets Date for Special Meeting of Shareholders to Vote on Merger Agreement with TerraData.ai

DALLAS., June 10, 2021 /PRNewswire/ -- JC Data Solutions (OTC: JCDS) announced today that it has set a date for the special meeting of its shareholders to consider and vote on a proposal to approve the transactions contemplated by the previously announced merger agreement, dated May 20, 2021, pursuant to which TerraData.ai will acquire JCDS in an all cash transaction (the "Merger").

The special meeting will be held at 9:30 a.m., local time, on June 30, 2021 at the 1800 Norwood Dr., Suite 100, Hurst, TX 76054. The board of directors of JCDS set June 9, 2021 as the record date for its special meeting.

The completion of the Merger remains subject to other customary closing conditions, including receipt of approval from JCDS stockholders.  The Merger is expected to close in Q3 of 2021.

About JC Data Solutions

JC Data solutions has been a leader in the funds and document distribution industry.  Our premier service, Payment Manager, has saved Oil & Gas companies thousands and thousands of dollars - all while improving and streamlining their funds distribution process.

Forward-Looking Statements

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. Forward-looking statements are those that use terms such as "may," "will," "expect," "believe," "intend," "should," "could," "anticipate," "estimate," "forecast," "project," "plan," "predict," "potential," and similar expressions. Forward-looking statements contained in this and other written and oral reports are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors.

The Company's forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance, and actual results, developments and business decisions may differ materially from those envisaged by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the outcome of any legal proceedings that may be instituted against the Company related to the Merger Agreement; the inability to complete the transaction due to the failure to obtain the Required Vote or the failure to satisfy other conditions to completion of the transaction, including the receipt of all regulatory approvals related to the transaction; the disruption of management's attention from the Company's ongoing business operations due to the transaction; the effect of the announcement of the transaction on the Company's relationships with its customers, operating results and business generally; the effects of local and national economic, credit and capital market conditions. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The statements made herein are made as of the date of this disclosure and the Company undertakes no obligation to update them, whether as a result of new information, future developments or otherwise.

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SOURCE JC Data Solutions