Article: Colorado Court of Appeals Affirms 2005 Order for Special Shareholder Meeting Held by Beicang Iron & Steel (Formerly Alpha Spacecom, Inc.).

TAIYUAN, China, March 19 /Xinhua-PRNewswire-FirstCall/ -- Beicang Iron & Steel Inc. (BULLETIN BOARD: BEIC) ("BEIC" or the "Company"), announced today that on February 22, 2007, the Colorado Court of Appeals issued a decision in the case entitled Alpha Spacecom, Inc. and Tridon Trust v. Xuedong Hu, Jian Wang, and Alpha Sky Investment Company Ltd. The Court decided that a Colorado District Court order entered in March 2005 requiring that the Company hold a special meeting of shareholders was valid. The Company had previously held a special meeting of shareholders on June 13, 2005 pursuant to the District Court order.

This lawsuit was entitled Alpha Spacecom, ...

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