HSA calls it quits, plans liquidation

By SUSAN RUSH
From CED Broadband Direct, August 15, 2002

For months now, High Speed Access Corp. has been seen by many as a shell of a company. Yesterday, the once "turn-key" provider of cable ISP services decided to liquidate and dissolve.

The company's board of directors unanimously approved the liquidation plan, HSA said. The plan soon will be submitted to HSA shareholders for approval.

In May, the Nasdaq put HSA on notice saying its stock could be delisted because HSA has not owned or managed any revenue-generating business since Feb. 28, when it closed the sale of substantially all of its assets to Charter Communications for about $81.1 million. The company's stock was delisted last month, and now trades on the over-the-counter Bulletin Board.

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