LL Knickerbocker(KNIC)/Pure Energy Corp Message Board

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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp

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To: bob jaremsek who wrote (803)	2/5/1998 3:28:00 PM
From: Bill M	Read Replies (1) of 1028

LL Knickerbocker Consolidation -2: Sees 'Increased Margins' LAKE FOREST, Calif. (Dow Jones)--L.L. Knickerbocker Co. (KNIC) will consolidate its Taiwan, Hong Kong and China offices into one operation in ShenZhen, China. The combined operations will yield "increased margins," the company said. In a press release Thursday, the company said the new operation will focus on the expansion of non-jewelry product lines and function as a liaison between Knickerbocker's U.S. offices and Far East manufacturing partners. Knickerbocker said it will also move its Thailand operation's non-jewelry products to the operation in China, reducing its need for outside sourcing and quality assurance contracts. In addition, the company said it expects to complete a silver manufacturing facility in Bangnan, Thailand by the end of March. As a result of the expansion the operation will receive an additional three years of tax-free status. L.L. Knickerbocker operates a collectible products unit, a jewelry unit and an investment unit. "Dow Jones News Service" "Copyright(c) 1998, Dow Jones & Company, Inc."

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