Peerless Systems Corporation Criticizes the ModusLink Board for Recklessly Spending Stockholder's Money

The statement: "ModusLink Global Solutions, Inc. MLNK intends to waste at least $2.6 million of stockholder money - YOUR money - to entrench themselves. Unfortunately, this move is not surprising considering how richly the Board pays themselves and its management. So it is no wonder that they will spend an incredible amount of money to retain their positions. It is clear to Peerless Systems that this Board has no shame."