Michael Anthony Jewelers, Inc. in Preliminary Negotiations With Bel-Oro International, Inc. Concerning Business Combination
31 Mai 2005 - 11:26PM
PR Newswire (US)
Michael Anthony Jewelers, Inc. in Preliminary Negotiations With
Bel-Oro International, Inc. Concerning Business Combination MOUNT
VERNON, N.Y., May 31 /PRNewswire-FirstCall/ -- Michael Anthony
Jewelers, Inc. (MAJJ.PK), a leading marketer and manufacturer of
gold jewelry, today announced that it is engaged in preliminary
negotiations for the possible combination of its jewelry design,
marketing and manufacturing business with Bel-Oro International,
Inc. a New York-based company that operates the Bel-Oro, Pace and
Sardelli group of companies which import and distribute fine
jewelry including gold, silver and precious stone items to leading
retailers. Any proposed transaction between the Company and Bel-Oro
is subject to due diligence as well as the negotiation and
execution of definitive agreements. In addition, there are no
assurances that any transaction will result or, if a transaction
does result, as to any of the terms or conditions, including
transaction structure or exchange of consideration. Michael Anthony
Jewelers is a leading designer, marketer and manufacturer of
branded affordable fine jewelry and watches, whose customers
include jewelry chain stores, discount stores, department stores,
television shopping networks and wholesalers. Forward Looking
Statements Except for the historical information herein, the
matters discussed in this news release include forward-looking
statements within the meaning of the "safe harbor" provisions of
the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements that are based on various assumptions
(some of which are beyond the Company's control) may be identified
by the use of forward-looking terminology, such as "may," "can be,"
"will," "expects," "anticipates," "intends," "believes,"
"projects," "potential," "are optimistic," "view" and similar words
and phrases. Actual results could differ materially from those set
forth in forward-looking statements due to a variety of factors.
Except as may be required by law, the Company does not undertake,
and specifically disclaims, any obligation to publicly release the
results of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
forward-looking statements. Michael Anthony and the Michael Anthony
logo are registered trademarks and registered service marks of
Michael Anthony Jewelers, Inc. DATASOURCE: Michael Anthony
Jewelers, Inc. CONTACT: Michael W. Paolercio, Chief Executive
Officer of Michael Anthony Jewelers, Inc., +1-914-699-0000 Ext. 290
Web site: http://www.michaelanthony.com/
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