PORTLAND, Ore., June 6 /PRNewswire/ -- Willamette Industries
(NYSE: WLL) issued the following comment regarding remarks attributed to
Willamette's CEO by a wire service concerning the possible outcome of the
annual meeting scheduled for tomorrow.
"In my conversation with the reporter, I did not predict the outcome of
the meeting. Clearly the results will only be known once the polls are closed
and the votes are counted. We continue to urge Willamette's shareholders to
exercise their right to vote. We expect the results to be close and every
shareholder's vote is important," said Duane McDougall, Willamette's CEO.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and uncertainties and
actual results could differ materially from those projected. Such risks and
uncertainties include, but are not limited to, the effect of general economic
conditions; the level of new housing starts and remodeling activity; the
availability and terms of financing for construction; competitive factors,
including price pressures; the cost and availability of wood fiber; the effect
of natural disasters on the Company's timberlands; construction delays; risk
of nonperformance by third parties; and the impact of environmental
regulations and other costs associated with complying with such regulations.
Please refer to Willamette Industries' Securities and Exchange Commission
filings for further information.
SOURCE Willamette Industries
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Related links:
http://www.wii.com
CONTACT:
Cathy Dunn, V.P. Communications,
503-273-5642, or Greg Hawley, EVP & CFO, 503-273-5640, both of
Willamette Industries; or Paul Verbinnen, David Reno, or Jim
Barron, all of Citigate Sard Verbinnen, 212-687-8080, for
Willamette Industries
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