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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (66660)	2/5/2001 4:58:30 PM
From: StockDung	Read Replies (2) \| Respond to of 122087

AMF Bowling says SEC urges no action on accounting NEW YORK, Feb 5 (Reuters) - AMF Bowling Inc. <AMBW.OB>, the world's largest bowling alley operator, said on Monday the Securities and Exchange Commission's enforcement division told AMF it has finished investigating its financial statements and accounting practices and recommended "no enforcement action." The 101-year-old Richmond, Va.-based company, which runs 523 bowling alleys and the Michael Jordan Golf Co., had been subpoenaed by the SEC on Sept. 21, 2000. It said in a press statement that the SEC's enforcement division issued a statement saying "no enforcement action has been recommended to the Commission." AMF, which is controlled by an investor group led by investment bank Goldman Sachs & Co. <GS.N>, has been exploring strategic options including a possible restructuring of its debt through a bankruptcy reorganization plan. On Dec. 29, 2000, it said it had "adequate liquidity" to keep operating normally while it talks with its bank lenders and bondholders. Its AMF Bowling Worldwide operating unit missed a $12.8 billion interest payment due that day. Its shares closed Monday on the Nasdaq Bulletin Board at 11.4 cents, down 1.6 cents. 16:50 02-05-01