BRYAN, Texas, March 20 /PRNewswire/ --
Neutral Posture Ergonomics, Inc. (Nasdaq: NTRL) (the "Company") announced
today that its Board of Directors has declared that shareholders of record at
the close of business on March 22, 2001, shall be entitled to notice of and to
vote at a special meeting of shareholders to be held on April 27, 2001, at
9:00 AM, at the Brazos Center, 3232 Briarcrest Drive, Bryan, Texas. The
special meeting of shareholders will be held for the purpose of voting on the
approval of a Merger Agreement, dated January 30, 2001, by and between the
Company and Neutral Posture Ergonomics Merger Co., Inc. ("Mergerco"), pursuant
to which the Company will be merged with and into Mergerco. If the merger is
completed, the Company will be delisted from the Nasdaq SmallCap Market and
deregistered under the Securities Exchange Act of 1934, as amended. Mergerco
will continue in business as a privately-held Texas corporation.
Headquartered in Bryan, Texas, the Company manufactures, markets and
distributes ergonomic products. The Company is a certified Women Business
Enterprise and its common stock is currently listed on the Nasdaq SmallCap
Market under the symbol NTRL.
PRESS CONTACT:
Gregory A. Katt, Vice President and CFO
979-778-0502, Ext. 111
Except for statements of historical fact, this press release includes
certain statements that may be deemed to be "forward-looking" within the
meaning of the Securities Act of 1933, as amended, and the Securities Exchange
Act of 1934, as amended. There are certain important factors which could
cause actual results to differ materially from those anticipated by the
forward-looking statements. Certain of the important factors which could
cause actual results to differ materially from those in the forward-looking
statements include, among other things, changes from anticipated levels of
sales, the ability to integrate acquired product lines and related businesses,
future national or regional economic and competitive conditions, changes in
relationships with customers, customer acceptance of existing and new
products, pricing pressures due to excess capacity, raw material cost
increases, change of tax rates, change of interest rates, declining conditions
in the industry, validity of patents, results of arbitration and litigation,
availability of key component parts, casualty to or other disruption of the
Company's production facility and equipment, delays and disruptions in the
shipment of the Company's products and other factors that generally affect
business. Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's analysis only as of the
date hereof. The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that arise after
the date hereof. Readers should carefully review the risk factors described
in other documents the Company files from time to time with the Securities and
Exchange Commission.
SOURCE Neutral Posture Ergonomics, Inc.
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Related links:
http://www.neutralposture.com
Company News On-Call:
http://www.prnewswire.com/comp/125652.html or fax,
800-758-5804, ext. 125652
CONTACT:
media, Gregory A. Katt, Vice President and
CFO of Neutral Posture Ergonomics, Inc., 979-778-0502, Ext. 111
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