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Wednesday June 14, 8:25 am Eastern Time
Company Press Release
Spigadoro Board Approves Stock Repurchase Program
NEW YORK--(BUSINESS WIRE)--June 14, 2000--Spigadoro, Inc. (AMEX:SRO - news), a
leading manufacturer of branded products in the Mediterranean food sector, today announced that its Board of Directors has
authorized the purchase of up to 1,000,000 shares of Spigadoro Common Stock.
Jacob Agam, Chairman and Chief Executive Officer of Spigadoro, commented: ``We believe that the current price of our stock does
not reflect the inherent value of Spigadoro, especially given the opportunities available to us for growth through acquisitions and
continued operational improvements. Consequently, we feel the stock represents an attractive long-term investment.``
Any purchases under the buyback program will be made through the open market or through negotiated transactions, subject to
market conditions, applicable legal requirements and other factors.
About Spigadoro
Spigadoro is a leading manufacturer of branded and private label products in the Mediterranean food sector. Its pasta and other
Mediterranean products are internationally recognized as high quality products and are marketed under the brand name ``Spigadoro``
(``Golden Ear of Wheat``) in Italy, Europe, the U.S. and the Far East. The Company`s animal feed products are manufactured at
seven plants throughout Italy and are marketed under the ``Petrini`` name. The Company`s recent acquisition of Pastificio Gazzola
also establishes it as the European leader in private label pasta. The Company has previously announced an aggressive growth
strategy that includes a consolidation of small and mid-cap companies within the food and animal feed industries in Europe (and in
particular Italy, Germany, France and Spain).
Statements in this press release that are not descriptions of historical facts are forward-looking statements that are subject to risks
and uncertainties. Such statements, including those regarding among other things, our strategy, future prospects and results of
operations, are dependent on any number of factors, including market conditions, competition and the availability of financing, many
of which are outside of our control. Actual results could differ materially from those currently anticipated due to a number of factors,
including those set forth in our Securities and Exchange Commission filings under ``Risk Factors``, including the following risks
related to the Petrini transaction: we are operating a new business; if we do not successfully sell our computer business, the
combined company may be adversely affected; Vertical Financial Holdings and its affiliates will have substantial voting power; our
strategy of acquiring other companies for growth may not succeed and may adversely affect our financial condition and results of
operations; we are subject to numerous risks related to foreign operations; and other risks. In addition, our acquisition negotiations
are in various stages and we have no agreement or arrangements relating to any acquisitions. We are unable to predict whether or
when any of these negotiations will result in any definitive agreements.
This release and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com
Contact:
Spigadoro, Inc., New York
Marc Goldfarb, 212/754-4445
or
KCSA, New York
Joseph Mansi, 212/896-1205
jmansi@kcsa.com
Dan Stepanek, 212/896-1202
dstepanek@kcsa.com
Dies sollte dem müden Kurs auf die Beine helfen.
Company Press Release
Spigadoro Board Approves Stock Repurchase Program
NEW YORK--(BUSINESS WIRE)--June 14, 2000--Spigadoro, Inc. (AMEX:SRO - news), a
leading manufacturer of branded products in the Mediterranean food sector, today announced that its Board of Directors has
authorized the purchase of up to 1,000,000 shares of Spigadoro Common Stock.
Jacob Agam, Chairman and Chief Executive Officer of Spigadoro, commented: ``We believe that the current price of our stock does
not reflect the inherent value of Spigadoro, especially given the opportunities available to us for growth through acquisitions and
continued operational improvements. Consequently, we feel the stock represents an attractive long-term investment.``
Any purchases under the buyback program will be made through the open market or through negotiated transactions, subject to
market conditions, applicable legal requirements and other factors.
About Spigadoro
Spigadoro is a leading manufacturer of branded and private label products in the Mediterranean food sector. Its pasta and other
Mediterranean products are internationally recognized as high quality products and are marketed under the brand name ``Spigadoro``
(``Golden Ear of Wheat``) in Italy, Europe, the U.S. and the Far East. The Company`s animal feed products are manufactured at
seven plants throughout Italy and are marketed under the ``Petrini`` name. The Company`s recent acquisition of Pastificio Gazzola
also establishes it as the European leader in private label pasta. The Company has previously announced an aggressive growth
strategy that includes a consolidation of small and mid-cap companies within the food and animal feed industries in Europe (and in
particular Italy, Germany, France and Spain).
Statements in this press release that are not descriptions of historical facts are forward-looking statements that are subject to risks
and uncertainties. Such statements, including those regarding among other things, our strategy, future prospects and results of
operations, are dependent on any number of factors, including market conditions, competition and the availability of financing, many
of which are outside of our control. Actual results could differ materially from those currently anticipated due to a number of factors,
including those set forth in our Securities and Exchange Commission filings under ``Risk Factors``, including the following risks
related to the Petrini transaction: we are operating a new business; if we do not successfully sell our computer business, the
combined company may be adversely affected; Vertical Financial Holdings and its affiliates will have substantial voting power; our
strategy of acquiring other companies for growth may not succeed and may adversely affect our financial condition and results of
operations; we are subject to numerous risks related to foreign operations; and other risks. In addition, our acquisition negotiations
are in various stages and we have no agreement or arrangements relating to any acquisitions. We are unable to predict whether or
when any of these negotiations will result in any definitive agreements.
This release and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com
Contact:
Spigadoro, Inc., New York
Marc Goldfarb, 212/754-4445
or
KCSA, New York
Joseph Mansi, 212/896-1205
jmansi@kcsa.com
Dan Stepanek, 212/896-1202
dstepanek@kcsa.com
Dies sollte dem müden Kurs auf die Beine helfen.
Spigadoro, Inc. verabschiedet Aktienrückkaufsprogrammm
[14.06.2000 - 13:30 Uhr]
New York (ots) - Spigadoro, Inc. (AMEX: SRO) ein führender
Hersteller von Markenartikeln der Nahrungsmittelindustrie im
europäischen Mittelmeerraum gibt ein Aktienrückkaufsprogramm bekannt.
Das Board of Directors hat dem Kauf von bis zu 1`000`000 Aktien der
Spigadoro, Inc. zugestimmt.
Jacob Agam, Chairman und CEO der Spigadoro kommentiert:" Wir
denken, dass die heutigen Kurse unserer Aktien dem Unternehmenswert
nicht entsprechen und insbesondere die uns zur Verfügung stehenden
Möglichkeiten eines Wachstums durch Akquisition und unser Potential
zur Effizienzsteigerung nicht beinhalten. Wir gehen daher davon aus,
dass unsere Aktien ein attraktives Langfrist-Investment darstellen."
Aktienrückkäufe im Rahmen des Programms werden im offenen Markt zu
Marktbedingungen und gemäss den einschlägigen gesetzlichen
Bestimmungen und anderer Richtlinien durchgeführt.
Zu Spigadoro
Spigadoro, Inc. ist ein führender Anbieter von hochwertigen
Nahrungsmitteln und ist mit bekannten Markenartikeln im
Mittelmeerraum vertreten. Pasta und weitere Nahrungsmittel haben
national und international einen hervorragenden Ruf und werden unter
dem Markennamen "Spigadoro" in Italien, im übrigen Europa, den USA
und dem Fernen Osten vertrieben. Das Tierfutter wird in sieben
Produktionsstätten in Italien hergestellt und unter dem Namen
"Petrini" vertrieben. Die Gesellschaft verfolgt eine aggressive
Wachstums-Strategie, die die Eingliederung von kleineren und
mittelgrossen Gesellschaften der Nahrungsmittel und
Tierfutterindustrie zum Ziel hat, mit Schwerpunkt Italien,
Deutschland, Frankreich und Spanien.
Die ausführliche Pressemitteilung im Englischen Originaltext ist
im Internet unter http://quote.yahoo.com verfügbar. Die
Originalmeldung enthält einen am juristischen Sitz der Gesellschaft
üblichen Risikohinweis mit folgendem Inhalt:
Statements in this press release that are not descriptions of
historical facts are forward-looking statements that are subject to
risks and uncertainties. Such statements, including those regarding
among other things, our strategy, future prospects and results of
operations, are dependent on any number of factors, including market
conditions, competition and the availability of financing, many of
which are outside of our control. Actual results could differ
materially from those currently anticipated due to a number of
factors, including those set forth in our Securities and Exchange
Commission filings under "Risk Factors." These factors include the
following: we have changed our principal business and we may not be
successful operating a new business; Vertical Financial Holdings and
affiliated entities control Spigadoro; our substantial debt may
adversely affect our ability to obtain additional funds and increase
our vulnerability to economic or business downturns; our operating
results will be adversely affected by charges from acquisitions; our
strategy of acquiring other companies for growth may not succeed and
may adversely affect our financial condition, results of operations
and cash flows; intense competition in the pasta and animal feed
industries may adversely affect operating results; our business may
be adversely affected by risks associated with foreign operations;
and other risks. In addition, our acquisition negotiations are in
various stages and, except as previously announced, we have no
agreement or arrangements relating to any acquisitions. We are unable
to predict whether or when any of these negotiations will result in
any definitive agreements.
ots Originaltext: Spigadoro, Inc.
Im Internet recherchierbar: http://recherche.newsaktuell.de
Spigadoro, Inc.
Herr Klaus Grissemann
Email: info@iat-europe.net
Internet: http://www.iat-europe.net
Telefon: 001 21 27 54 42 71
Börsennotiz: Frankfurt, Berlin, Stuttgart, Düsseldorf (Freiverkehr)
WKN: 905 521 (Deutschland) Tickersymbol SRO (AMEX)
[14.06.2000 - 13:30 Uhr]
New York (ots) - Spigadoro, Inc. (AMEX: SRO) ein führender
Hersteller von Markenartikeln der Nahrungsmittelindustrie im
europäischen Mittelmeerraum gibt ein Aktienrückkaufsprogramm bekannt.
Das Board of Directors hat dem Kauf von bis zu 1`000`000 Aktien der
Spigadoro, Inc. zugestimmt.
Jacob Agam, Chairman und CEO der Spigadoro kommentiert:" Wir
denken, dass die heutigen Kurse unserer Aktien dem Unternehmenswert
nicht entsprechen und insbesondere die uns zur Verfügung stehenden
Möglichkeiten eines Wachstums durch Akquisition und unser Potential
zur Effizienzsteigerung nicht beinhalten. Wir gehen daher davon aus,
dass unsere Aktien ein attraktives Langfrist-Investment darstellen."
Aktienrückkäufe im Rahmen des Programms werden im offenen Markt zu
Marktbedingungen und gemäss den einschlägigen gesetzlichen
Bestimmungen und anderer Richtlinien durchgeführt.
Zu Spigadoro
Spigadoro, Inc. ist ein führender Anbieter von hochwertigen
Nahrungsmitteln und ist mit bekannten Markenartikeln im
Mittelmeerraum vertreten. Pasta und weitere Nahrungsmittel haben
national und international einen hervorragenden Ruf und werden unter
dem Markennamen "Spigadoro" in Italien, im übrigen Europa, den USA
und dem Fernen Osten vertrieben. Das Tierfutter wird in sieben
Produktionsstätten in Italien hergestellt und unter dem Namen
"Petrini" vertrieben. Die Gesellschaft verfolgt eine aggressive
Wachstums-Strategie, die die Eingliederung von kleineren und
mittelgrossen Gesellschaften der Nahrungsmittel und
Tierfutterindustrie zum Ziel hat, mit Schwerpunkt Italien,
Deutschland, Frankreich und Spanien.
Die ausführliche Pressemitteilung im Englischen Originaltext ist
im Internet unter http://quote.yahoo.com verfügbar. Die
Originalmeldung enthält einen am juristischen Sitz der Gesellschaft
üblichen Risikohinweis mit folgendem Inhalt:
Statements in this press release that are not descriptions of
historical facts are forward-looking statements that are subject to
risks and uncertainties. Such statements, including those regarding
among other things, our strategy, future prospects and results of
operations, are dependent on any number of factors, including market
conditions, competition and the availability of financing, many of
which are outside of our control. Actual results could differ
materially from those currently anticipated due to a number of
factors, including those set forth in our Securities and Exchange
Commission filings under "Risk Factors." These factors include the
following: we have changed our principal business and we may not be
successful operating a new business; Vertical Financial Holdings and
affiliated entities control Spigadoro; our substantial debt may
adversely affect our ability to obtain additional funds and increase
our vulnerability to economic or business downturns; our operating
results will be adversely affected by charges from acquisitions; our
strategy of acquiring other companies for growth may not succeed and
may adversely affect our financial condition, results of operations
and cash flows; intense competition in the pasta and animal feed
industries may adversely affect operating results; our business may
be adversely affected by risks associated with foreign operations;
and other risks. In addition, our acquisition negotiations are in
various stages and, except as previously announced, we have no
agreement or arrangements relating to any acquisitions. We are unable
to predict whether or when any of these negotiations will result in
any definitive agreements.
ots Originaltext: Spigadoro, Inc.
Im Internet recherchierbar: http://recherche.newsaktuell.de
Spigadoro, Inc.
Herr Klaus Grissemann
Email: info@iat-europe.net
Internet: http://www.iat-europe.net
Telefon: 001 21 27 54 42 71
Börsennotiz: Frankfurt, Berlin, Stuttgart, Düsseldorf (Freiverkehr)
WKN: 905 521 (Deutschland) Tickersymbol SRO (AMEX)
Gewaltige Umsätze in den USA! Über 30 % Verteuerung!
gewaltig würde ich das nicht nennen, aber die richtung stimmt.
ein großer widerstand ist noch zw. 3 + 4 $ zu sehen. wenn die, unterstützt mit guten q-zahlen, überwunden wird, sind im herbst die 5$ zu erwarten.
der vorstand will, auch durch aktienrückkaufprogramme, genau das erziehlen.
meine hoffnung wenigstens!
;-)
rainer
ein großer widerstand ist noch zw. 3 + 4 $ zu sehen. wenn die, unterstützt mit guten q-zahlen, überwunden wird, sind im herbst die 5$ zu erwarten.
der vorstand will, auch durch aktienrückkaufprogramme, genau das erziehlen.
meine hoffnung wenigstens!
;-)
rainer
hallo ex-iat gemeinde.
vorgestern +44 %, heute -12 %
irgendetwas läuft da ?? hoffe nur nicht das die firma ihren eigenen kurs stützt, bei geringen umsätzen...
weiss jemand was neues ?
rainer
vorgestern +44 %, heute -12 %
irgendetwas läuft da ?? hoffe nur nicht das die firma ihren eigenen kurs stützt, bei geringen umsätzen...
weiss jemand was neues ?
rainer
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