Falcon Products Completes Private Placement of Common Stock
2004年4月7日 - 3:17AM
PRニュース・ワイアー (英語)
Falcon Products Completes Private Placement of Common Stock ST.
LOUIS, April 6 /PRNewswire-FirstCall/ -- Falcon Products, Inc. , a
leading manufacturer of commercial furniture, today announced the
completion of a $2.1 million private placement of 700,000 shares of
its Common Stock at a sale price of $3.00 per share, the closing
price of the Common Stock on the New York Stock Exchange on April
5, 2004. This includes directors and officers of Falcon who
purchased approximately 366,667 shares of the Common Stock sold in
the private placement. The $2.1 million proceeds of the private
placement will be used for general corporate purchases and to
assist the Company for its anticipated internal growth. Falcon
Products, Inc., is theleader in the commercial furniture markets it
serves, with well-known brands, the largest manufacturing base and
the largest sales force. Falcon and its subsidiaries design,
manufacture and market products for the hospitality and lodging,
food service,office, healthcare and education segments of the
commercial furniture market. Falcon, headquartered in St. Louis,
Missouri, currently operates 8 manufacturing facilities throughout
the world and has approximately 2,100 employees. Safe harbor
statementunder the Private Securities Litigation Reform Act of
1995: Statements contained in this news release which are not
historical fact, such as forward-looking statements, involve risks
and uncertainties which could impact future financial performance,
including, but not limited to, loss of key customers or suppliers
within specific industries, availability or cost of raw materials,
increased competitive pricing pressures reflecting industry
conditions and general demand for products. Additional cautionary
statements regarding other risk factors that could have an effect
on future performance of the Company are described in Falcon's
periodic filings with the Securities and Exchange Commission.
Although Falcon believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions,
Falcon can give no assurance that its expectations will be
attained. Any forward-looking statements represent the best
judgment of Falcon as of the date of this release. Falcon disclaims
any intent or obligation to update any forward-looking statements.
DATASOURCE: Falcon Products, Inc. CONTACT: Franklin A. Jacobs,
Chairman/Chief Executive Officer of Falcon Products, Inc.,
+1-314-991-9200
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