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TheStreet Open House

CSP Inc. Urges Shareholders To Vote For The Company's Board Of Directors

We also will be focused on winning higher-margin consulting business, as well as managed services business, and seek to leverage an increasing number of partnerships across both of CSP's business segments.

Fiscal 2013 will mark an important transition year for CSP, as we execute on our new strategy that we expect will reduce the year-to-year volatility in our sales, and position your Company for sustained, long-term growth and profitability.

The primary reason for the delay in the mailing of CSP's proxy materials was that a small hedge fund disclosed its intention to nominate four individuals for election to your Company's five member Board of Directors. 

This fund, the North & Webster Value Opportunities Fund, LP has a history of threatening proxy contests against small publicly traded companies, and then extracting settlement payments from such companies. North & Webster has already disclosed its intention to seek at least $100,000 from CSP. 

None of North & Webster's four director candidates appear to possess any relevant business experience in CSP's two primary business segments, nor has North & Webster put forth any plan to help grow CSP's business and create long-term stockholder value. 

IF YOU SHOULD RECEIVE ANY PROXY MATERIALS FROM NORTH & WEBSTER, WE URGE YOU TO COMPLETELY DISREGARD THEM AND TAKE NO ACTION.   

YOUR VOTE IS IMPORTANT — WE URGE ALL CSP STOCKHOLDERS TO VOTE CSP'S DIRECTOR NOMINEES, BY SIGNING, DATING AND RETURNING THE PROXY CARD OR VOTING INSTRUCTION FORM TODAY.

Your vote is very important, no matter how few CSP shares you own.  

For your further convenience, you may also vote by phone or Internet, by following the instructions on the proxy card or voting form. If you have any questions or need any assistance with voting your shares, please contact The Proxy Advisory Group, LLC, who is assisting your Company in this matter, toll-free at (888) 337-7799 or (888) 33-PROXY. 

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