Exhibit 99.1
FOR IMMEDIATE RELEASE –June 28, 2006
Albuquerque, June 28, 2006 – Westland Development Co., Inc. announced that the Inspector of Elections for the election of three Class C Directors at its Special Meeting of Shareholders held on June 8, 2006 has issued its report of the outcome of the election. The results are as follows:
The candidates are listed in the order of nomination. The Inspector of Elections reported that a total of 666,026 shares had been voted for the various nominees for election and the votes cast for the nominees were as follows:
Managements’ Nominees
Josie C. Castillo | 510,088 |
Georgia M. Baca | 522,984 |
Troy K. Benavidez | 504,338 |
Nominations from the floor:
Ana Maria Vigil | 462 |
Candido Armijo | 201 |
Dr. Richard Griego | 3,972 |
Eva Rita Jaramillo | 0 |
George C. Baca | 2,060 |
Gloria Gonzales | 713 |
James Aranda | 24,118 |
Jerome Padilla | 23,212 |
Jose Maria Perea | 716 |
Judge Tim Garcia | 1,140 |
Karen Quintana | 555 |
Martin Herrera | 21,998 |
Myra Armijo Costa (Caster)* | 165 |
Peter P. Armijo | 1,714 |
* Myra M. Armijo Costa was recorded as having been nominated from the floor at the meeting of shareholders. It appears that the name was recorded in error and the name of the nominee was Myra M. Armijo Caster.
Ms. Castillo, Mrs. Baca and Mr. Benavidez were reelected to the seats on the board that each of them held prior to the election.
