SCHEDULE 14A (Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant [ X ]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only
(as permitted by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12
JAG MEDIA HOLDINGS, INC.
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(Name of Registrant as Specified in its Charter)
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(Name of Person(s) Filing Proxy Statement if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1) Title of each class of securities to which transaction
applies:
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (Set forth the
amount on which the filing fee is calculated and state how it
was determined):
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
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statement number, or the form or Schedule and the date of its filing.
1) Amount previously paid:
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4) Date Filed:
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JAG Media Holdings, Inc.
For Immediate Release:
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Contacts:
Stephen J. Schoepfer, EVP & COO
JAG Media Holdings, Inc.
(888) 828-4174
steve@jagnotes.com
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JAG Media Holdings, Inc. Announces Filing of
Definitive Proxy Statement with Proposal for
"Custody Only" Trading
Boca Raton, FL, January 3, 2003 - JAG Media Holdings, Inc. (OTCBB: JGMHA)
announced today that it filed with the SEC a definitive proxy statement for its
annual stockholders meeting. In addition to the normal proposals for the
election of directors of the Company and appointment of the Company's auditors,
the definitive proxy statement includes a non-binding proposal asking for its
stockholders' views on "custody only" trading.
Under "custody only" trading the company would implement a share transfer system
which requires that any transfers of the company's stock be made only by
delivery of physical stock certificates. Once received by the company's transfer
agent, the certificates of the selling stockholder would be cancelled and a new
certificate for the same number of shares would be issued in the buyer's name.
Under such a system, no certificates would be issued in the name of Depository
Trust Company, Cede & Co. or any other nominee. This arrangement is designed to
protect the Company's stockholders against naked short selling of the Company's
stock.
The date of the annual meeting of stockholders is January 31, 2003 and the
record date for the meeting is January 2, 2003. Stockholders should note that
only record holders of JAG Media Class A common stock or JAG Media Series 1
Class B common stock, as of January 2, 2003, will be entitled to vote their
shares. Mailing of the proxy to stockholders of record will commence next week.
JAG Media Holdings, Inc. has filed a definitive proxy statement with the
Securities and Exchange Commission. THE DEFINITIVE PROXY STATEMENT CONTAINS
IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE
WITH RESPECT TO THE PROPOSALS CONTAINED THEREIN. The definitive proxy statement
will be made available to all stockholders of record of JAG Media Holdings, Inc.
at no expense to them. The definitive proxy statement will also be available for
free at the SEC's website at www.sec.gov.
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Certain officers and directors of JAG Media Holdings, Inc. may be considered
participants in the solicitation. Please see the definitive proxy statement on
file with the SEC for a description of the interests of these individuals in the
solicitation.
About JAG Media Holdings, Inc.
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JAG Media Holdings, Inc. is a provider of Internet-based equities research and
financial information that offers its subscribers a variety of stock market
research, news, commentary and analysis, including "JAG Notes", the Company's
flagship early morning consolidated research product. The Company also offers,
through its wholly-owned subsidiary, JAG Company Voice LLC, its "Company Voice"
service which provides publicly traded companies with production services and
distribution for their corporate messages in streaming video/audio format. The
Company's websites are located at www.jagnotes.com and www.thecompanyvoice.com.
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