Jaclyn, Inc. Announces Consideration of Sale of Executive Office and Warehouse Facility
24 Mai 2005 - 8:15PM
PR Newswire (US)
Jaclyn, Inc. Announces Consideration of Sale of Executive Office
and Warehouse Facility WEST NEW YORK, N.J., May 24
/PRNewswire-FirstCall/ -- Jaclyn, Inc. (AMEX:JLN) announced today
that it is considering the sale of its executive offices and
warehouse facility located in West New York, New Jersey. Jaclyn
currently uses approximately one-half of the 140,000 square foot
facility, which it has owned since 1969. The remainder of the
facility has been leased to outside third parties. Allan Ginsburg,
Chairman of the Board, stated that, "Since Jaclyn uses only a
portion of our West New York facility, we have been looking at
opportunities to move to a space more suitable for our present and
future needs. We anticipate, however, that any move would be to
another site in the vicinity of our present location." Jaclyn noted
that there is no assurance that a sale of the property will be
concluded, or, if so, the timing, or terms or conditions, of any
such sale. Note: This press release may contain forward-looking
statements that are being made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The Company's actual performance and results may vary as a result
of a number of risks, uncertainties and other factors, both
foreseen and unforeseen, including general economic and business
conditions, competition in the accessories and apparel markets,
continuing favorable sales patterns, pricing and consumer buying
trends. Jaclyn, Inc. is a designer, manufacturer and marketer of
apparel, women's sleepwear, infants' and children's apparel,
handbags, premiums and related accessories. Website:
http://www.jaclyninc.com/. DATASOURCE: Jaclyn, Inc. CONTACT:
Anthony Christon, Chief Financial Officer of Jaclyn, Inc.,
+1-201-868-9400 Web site: http://www.jaclyninc.com/
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