-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NB+Bz/8A042quuuvHfeUOxjJU2luopBlzSR3xidyIfNt6LkMd9KqjsmT0EFyUFHo TvK6ArooSMV1oSGjKbKcPw== 0001188112-10-000922.txt : 20101122 0001188112-10-000922.hdr.sgml : 20101122 20100407171601 ACCESSION NUMBER: 0001188112-10-000922 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100407 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMTEX NEWS NETWORK INC CENTRAL INDEX KEY: 0000352988 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 133055012 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 625 N. WASHINGTON ST. STREET 2: STE 301 CITY: ALEXANDRIA STATE: VA ZIP: 22314 BUSINESS PHONE: 703-820-2000 MAIL ADDRESS: STREET 1: 625 N. WASHINGTON ST STREET 2: STE 301 CITY: ALEXANDRIA STATE: VA ZIP: 22314 FORMER COMPANY: FORMER CONFORMED NAME: COMTEX SCIENTIFIC CORP DATE OF NAME CHANGE: 19920703 CORRESP 1 filename1.htm t67677c_corresp.htm
 
LUSE GORMAN POMERENK & SCHICK
A PROFESSIONAL CORPORATION
ATTORNEYS AT LAW

5335 WISCONSIN AVENUE, N.W., SUITE 780
WASHINGTON, D.C. 20015


TELEPHONE (202) 274-2000
FACSIMILE (202) 362-2902
 www.luselaw.com
 
 
WRITER’S DIRECT DIAL NUMBER WRITER’S EMAIL
(202) 274-2009 mlevy@luselaw.com
 
 
 
April 7, 2010

Via EDGAR Submission

Perry J. Hindin
Special Counsel
Office of Mergers & Acquisitions
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, DC 20549
 
  Re: Comtex News Network, Inc.  
    Revised Preliminary Proxy Statement on Schedule 14A  
    Filed on March 16, 2010  
    File No. 0-10541  
       
   
Amendment No. 1 to Schedule 13E-3
 
    Filed on March 16, 2010  
    File No. 5-34168  
 

Dear Mr. Hindin:

    On behalf of Comtex News Network, Inc. (the “Company”), we are providing a response to the Staff's letter, dated March 31, 2010.  The Company’s response is set forth below and is keyed to the numbered comment set forth in the Staff’s comment letter.

Revised Proxy Statement

Fairness of the Reverse Stock Split, page 25
 
1.       We note your response to prior comment 11.  Note that if the board has based its fairness determination on the analysis of factors undertaken by the Special Transaction Committee, the board must expressly adopt this analysis and discussion as its own in order to satisfy the disclosure obligation of Item 1014(b) of Regulation M-A.  Please refer to Question Nos. 20 and 21 of the Exchange Act Release No. 34-17719.  In this respect, please disclose in this section whether the board of directors expressly adopted the Special Transaction Committee’s discussion and analyses of the factors disclosed under the heading “Factors Considered in Determining Fairness” found on pages 25 through 28.  Note however, that to the extent the board did not adopt the Special Transaction Committee’s discussion and analyses, the board must discuss, per prior comment 11, each of the factors listed in paragraphs (c), (d) and (e) and in Instruction 2 to Item 1014 of Regulation M-A in reasonable detail or explain in detail why the factor(s) were not deemed material or relevant.
 

 
LUSE GORMAN POMERENK & SCHICK
A PROFESSIONAL CORPORATION

Mr. Perry Hindin
Special Counsel
U.S. Securities and Exchange Commission
April 7, 2010
Page 2
 
 
 
    Please refer to the section captioned “Special Factors—Fairness of the Reverse Stock Split—Approval of Directors,” which has been revised in response to this comment.
 

 
*  *  *  *
 
    The Company duly acknowledges:
 
 
 
the Company is responsible for the adequacy and accuracy of the disclosure in the filing;
     
 
Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and
     
 
the Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
 
 
    We trust the foregoing is responsive to the Staff’s comments.  We request that any questions with regard to the foregoing should be directed to the undersigned at 202-274-2009 or Adam P. Wheeler at 202-274-2013.
 
 
   
Very truly yours,
 
       
 
 
/s/ Marc Levy  
       
       
   
Marc Levy
 
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