HOUSTON, TX — Encompass Services Corporation announced today that it is proposing a financial restructuring plan designed to strengthen the company’s financial condition. The company will solicit approval of its restructuring plan from its creditors.
Encompass also announced today that it has cancelled its Special Meeting of Shareholders, originally scheduled for October 15, 2002, and terminated its previously announced Rights Offering. The company said it will file a request with the Securities and Exchange Commission (SEC) to withdraw the related Registration Statement.