To: BostonView who wrote (104 ) 10/6/1999 4:05:00 PM From: JakeStraw Read Replies (1) | Respond to of 182
SLI, Inc. Responds To Share Decline CANTON, Mass., Oct. 6 /PRNewswire/ -- SLI, Inc. (NYSE: SLI - news) is responding to the sudden decline in the market price of its common stock, announced today that preliminary information for the quarter ended September, 30 1999 indicate that revenues for the quarter will be in line with Company expectations but earnings will fall below consensus estimates. As the financial information is collected and received, the component parts of the shortfall will be analyzed by management. Specifics are not yet available. SLI, Inc., based in Canton, Massachusetts, is a vertically integrated designer, manufacturer and seller of lighting systems, which are comprised of lamps, fixtures, and ballasts. The Company offers a complete range of lamps (incandescent, fluorescent, compact fluorescent, high intensity discharge, halogen, miniature incandescent, neon, LED, and special lamps), a comprehensive range of fixtures, ballasts, and fiber optic lighting systems. The Company serves a diverse international customer base and markets, has major plants in 13 countries and operates throughout the world. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties that may affect SLI, Inc.'s business and prospects and cause actual results to differ materially from these forward-looking statements. SOURCE: SLI, Inc.