NEW YORK, Oct. 22, 2012 /PRNewswire/ --
Dear Fellow Shareholders,
I am writing to you as a shareholder of AltiGen Communications,
Inc. (OTCQX: ATGN) (PINKSHEETS: ATGN). I am a 10% owner of
the Company's shares. I am nominating a candidate to serve on
AltiGen's Board of Directors. I am embarrassed at having
waited so long to initiate this action.
You will soon receive proxy material calling for an annual
meeting and the election of 2 Class I directors. This annual
meeting was requested by me in concurrence with the Company's
bylaws as described in the proxy material. I have nominated
Mr. Michael Brodsky to serve as a
Class I director. Mr. Brodsky has a distinguished track
record of serving stakeholders of public and private companies,
including companies within the technology sector, in both
management and board capacities. He has an exemplary history
of creating value for those shareholders that he has served.
He will provide valuable assistance to the other directors in
exploring new opportunities to grow the business as well as all
other strategic initiatives to enhance shareholder value. He
has the expertise and the personality necessary to work
productively and amicably with the other directors to set the
Company back on the right path. I am soliciting your vote to
support his election to replace Mr. Tacheng
Chester Wang.
I am also asking for your support in reelecting Alan Howe as a Class I director. Alan has
served shareholders admirably since he joined the board and will be
valuable in transitioning the business but he cannot do it
alone.
The success of the Brodsky election will send a message to the
current Board, led by Mr. Gilbert
Hui, that the shareholders are desirous of change.
Under Mr. Hui's leadership as Chairman of the Board and a
Director, AltiGen has:
- Suffered a 90% decline in the value of the stock since
October 2003, the beginning of Mr.
Wang's tenure as a Director
- Operationally experienced a decline in revenues
- Continually eroded its balance sheet
- Ceased SEC filings, denying shareholders the transparency
guaranteed by securities law
- Created a circumstance that would not allow for an annual
meeting to be properly held in a timely and legal manner,
perpetuating the status quo
In conclusion
- Vote for Mr. Michael
Brodsky
- Vote for Mr. Alan Howe
- Every Vote Counts
Sincerely,
Norman H. Pessin
SOURCE Norman H. Pessin
