EVERCEL ANNOUNCES ANNUAL MEETING OF STOCKHOLDERS

ANNUAL MEETING TO BE HELD VIRTUALLY DUE TO COVID-19

NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) -- Evercel, Inc. (OTC: EVRC) today announced that it will hold its 2020 annual meeting of stockholders on Thursday, April 2, 2020 at 10:00 a.m. Eastern Time. The annual meeting, which was initially to be held in person, will now be held virtually due to the threat of COVID-19. You can access the virtual annual meeting by visiting www.virtualshareholdermeeting.com/EVRC2020 on the date of the annual meeting. A formal notice of the annual meeting along with a proxy card has been sent to each of Evercel’s common and preferred stockholders of record and beneficial holders as of February 27, 2020. Please note that stockholders will still be able to vote at the annual meeting even though it is to be held virtually. We have included below a Q&A regarding the virtual annual meeting which is meant to supplement the formal notice previously circulated to stockholders. Evercel encourages each stockholder to vote by proxy or attend the annual meeting in accordance with the instructions provided in the formal notice, as supplemented below.

Questions and Answers Regarding the Virtual Annual Meeting

What has changed now that the annual meeting will be held virtually instead of in person?

The only change to the annual meeting is that we will no longer be meeting in person. Stockholders will be able to attend the annual meeting virtually by visiting www.virtualshareholdermeeting.com/EVRC2020 on the date of the annual meeting. Stockholders wishing to vote at the annual meeting (as opposed to prior to the annual meeting by proxy) should be careful to read the instructions set forth below.

How do I attend the meeting?

If you plan to attend the annual meeting online, please be aware of what you will need to gain admission, as described below. If you do not comply with the procedures described here for attending the annual meeting online, you will not be able to participate in the annual meeting but may view the annual meeting webcast. Stockholders may participate in the annual meeting by visiting www.virtualshareholdermeeting.com/EVRC2020; interested persons who were not stockholders as of the close of business on February 27, 2020 may view, but not participate, in the annual meeting via www.virtualshareholdermeeting.com/EVRC2020.