Liberty Lane Acquisition Corp. Determines Not to Proceed with Initial Public Offering

HAMPTON, N.H.--(BUSINESS WIRE)--Liberty Lane Acquisition Corp. today announced that it has decided not to proceed with its proposed initial public offering at this time due to market conditions. Liberty Lane originally filed a registration statement relating to the offering on March 25, 2008. Liberty Lane Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.