LAN Lancer Cp

Sutter Affiliates Offer to Purchase Shares of Lancer Corp. SAN FRANCISCO, March 22 /PRNewswire/ -- Affiliates of Sutter Capital Management, LLC today offered to acquire the outstanding common shares of Lancer Corp. for $1.00 per Share. A copy of the offer may be obtained from the purchasers by calling 415 788-1441 or emailing info@suttercapital.com. Lancer Corp. shares are listed on the American Stock Exchange under the symbol , although trading has been halted in the shares since February 2 due to an ongoing investigation of Lancer's accounting practices. This announcement is neither an offer to buy nor a solicitation of an offer to sell any securities. The Offer is being made solely by the Offer to Purchase and related documents, which contain significant terms and conditions, and is not being made to, nor will tenders be accepted from or on behalf of, Shareholders residing in any jurisdiction in which making or accepting the Offer would violate that jurisdiction's laws. In those jurisdictions where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer, the Offer shall be deemed to be made on behalf of Purchaser only by one or more registered dealers licensed under the laws of such jurisdiction. DATASOURCE: Sutter Capital Management, LLC CONTACT: SCM Acquisition Fund, LLC, +1-415-788-1441, or fax, +1-415-788-1515, or

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