IMPCO Technologies Announces Shareholder Approval for the Acquisition of the Remaining 50% Interest in BRC
10 Março 2005 - 10:15PM
PR Newswire (US)
IMPCO Technologies Announces Shareholder Approval for the
Acquisition of the Remaining 50% Interest in BRC CERRITOS, Calif.,
March 10 /PRNewswire-FirstCall/ -- IMPCO Technologies Inc.,
(NASDAQ:IMCO) announced today the favorable shareholder approval of
the acquisition of the remaining 50% interest in BRC, S.r.l., an
Italian limited liability company, from BRC's founders. The
favorable shareholder vote was over 97% of votes cast. IMPCO had
previously completed the purchase of the first 50% interest in July
2003. The transaction is expected to close later this month. About
IMPCO Technologies and BRC IMPCO and BRC design, manufacture,
market and supply advanced alternative fuel systems and related
products for the transportation, industrial and power generation
markets. Headquartered in Cerritos, California and Cherasco, Italy,
they have offices in Asia, Europe, Australia and South and North
America. More information can be found at IMPCO's web site,
http://www.impco.ws/ and at BRC's web site, http://www.brc.it/.
Except for historical information, the statements, expectations and
assumptions contained in the foregoing press release are
forward-looking statements. Such forward-looking statements
include, but are not limited to, the company's expectations
regarding consolidated revenues in future periods and the
likelihood that expected closing conditions will be satisfied and
the transaction will be consummated as and when expected. Such
statements are subject to a number of risks and uncertainties, and
actual results could differ materially from those discussed in any
forward-looking statement. Factors that could cause actual results
to differ materially from such forward-looking statements include,
among other factors, prevailing market conditions that affect our
stock price and our ability to raise capital; our ability to obtain
consent of our senior lender to this transaction; our ability to
redeem our senior subordinated notes; our ability effectively to
integrate our management team during the expected transition
period; the combined company's ability to meet OEM specifications;
the success of our recently announced programs with strategic
partners; factors that impact growth in international markets; and
the level and success of the company's development programs with
OEMs. Readers also should consider the risk factors set forth from
time to time in the company's SEC reports, including but not
limited to those contained in the section entitled "Management's
Discussion & Analysis of Financial Condition and Results of
Operation - Risk Factors" in its Annual Report on Form 10-K for the
fiscal year ended December 31, 2003. The company does not undertake
to update or revise any of its forward-looking statements even if
experience or future changes show that the indicated results or
events will not be realized. For further information, contact Mr.
Dale Rasmussen, Investor Relations Phone: +1-206-315-8242 Fax:
+1-206-315-8301 DATASOURCE: IMPCO CONTACT: investor relations, Mr.
Dale Rasmussen of IMPCO Technologies Inc., +1-206-315-8242, or fax,
+1-206-315-8301 Web site: http://www.brc.it/ Web site:
http://www.impco.ws/
Copyright
Impco (NASDAQ:IMCO)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Impco (NASDAQ:IMCO)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024
Notícias em tempo-real sobre Impco Technologies (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Impco Technologies, (MM)