BEDFORD, Mass., July 24 /PRNewswire-FirstCall/ -- GSI Group Inc.,
(Nasdaq: GSIG) will be releasing its second quarter earnings on Thursday,
July 31st before the market opens. The Company will also be holding a
conference call at 8:30 am eastern time on the same day.
Participants are invited to join by dialing (706) 634-5123 with an
access code: 57330611. The replay will be available for two weeks by
dialing (706) 645-9291 with the replay passcode: 57330611. The conference
call also will be broadcast live over the Internet at http://www.gsig.com.
GSI Group Inc. supplies precision technology and semiconductor systems
to the global medical, semiconductor, electronics, and industrial markets.
GSI Group Inc.'s common shares are listed on Nasdaq (GSIG). The Company's
web site address is http://www.gsig.com.
Forward Looking Information
Certain statements in this news release may constitute forward-looking
statements within the meaning of the United States Private Securities
Litigation Reform Act of 1995, Section 27A of the United States Securities
Act of 1933 and Section 21E of the United States Securities Exchange Act of
1934. These forward-looking statements include, but are not limited to,
anticipated financial performance; management's plans and objectives for
achieving more stable revenues and predictable growth, including as a
result of the pending acquisition of Excel Technology (Excel); business
prospects; industry trends; and market conditions. All statements contained
in this news release that do not relate to matters of historical fact
should be considered forward-looking statements, and are generally
identified by words such as "anticipate," "believe," "estimate," "expect,"
"intend," "plan," "objective" and other similar expressions. Such
statements are based on our management's beliefs and assumptions and on
information currently available to our management and are subject to risks,
uncertainties and changes in condition, significance, value and effect.
Some of the risks and uncertainties that may cause actual results and
events to differ materially from those set forth in the forward-looking
statements include the following: our management's ability to maintain or
accurately forecast revenue growth or to anticipate and accurately forecast
a decline in revenue from any of our products or services; our ability to
compete in an intensely competitive market; its ability to develop and
introduce new products or enhancements on schedule and that respond to
customer requirements and rapid technological change; new product
introductions and enhancements by competitors; our ability to select and
implement appropriate business models; plans and strategies and efforts to
execute on them; our ability to identify, hire, train, motivate, and retain
highly qualified management/other key personnel and its ability to manage
changes and transitions in management/other key personnel; the impact of
global economic conditions on GSI's business; unauthorized use or
misappropriation of its intellectual property; as well as the risk factors
discussed previously and in periodic reports filed by us with the SEC or
with securities regulatory authorities in Canada.
In addition, to the extent the forward-looking statements assume, or
are based upon, successful completion of the pending acquisition of Excel,
such statements also involve risks and uncertainties that may cause actual
results and events to differ materially from those set forth in the
statements, including the following: (a) the occurrence of any event,
change or other circumstance that could give rise to the termination of our
definitive merger agreement with Excel Technology, Inc. (Excel), including
our external financing being unavailable due to the non-satisfaction of the
conditions contained in the financing agreements or the failure of the
investors party thereto to fulfill their obligations thereunder; the
inability to complete the acquisition of Excel due to the failure to
receive required regulatory or other approvals or to satisfy other
conditions to the transaction; the risk that the proposed acquisition
disrupts current plans and operations; the risk that anticipated synergies
and opportunities as a result of the acquisition will not be realized;
difficulties or unanticipated expenses in connection with integrating Excel
into GSI; the risk that the acquisition does not perform as planned,
including the risk that we or Excel will not achieve revenue projections;
the risk that the substantial indebtedness we will incur to finance the
acquisition will materially and adversely affect our business by, among
other things, requiring us to apply all or substantially all of our free
cash flow to service the indebtedness and/or to dispose of assets to obtain
cash for other permitted uses; the inability to retain key employees of
either company; and changes in either company's business between now and
the closing of the acquisition.
Readers should not place undue reliance on any such forward-looking
statements, which speak only as of the date they are made. Management and
GSI disclaim any obligation to publicly update or revise any such statement
to reflect any change in its expectations or in events, conditions, or
circumstances on which any such statements may be based, or that may affect
the likelihood that actual results and events will differ from those
contained in the forward-looking statements.
For more information contact: Ray Ruddy, Investor Relations,
781-266-5873.
SOURCE GSI Group Inc.
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Related links:
http://www.gsig.com
http://www.prnewswire.com/comp/107189.html /
CONTACT:
Ray Ruddy, Investor Relations,
+1-781-266-5873
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