COVINGTON, Ky., Aug. 9 /PRNewswire-FirstCall/ -- Ashland Inc. (NYSE:
ASH) said today it knows of no company-specific issues which might have
caused the recent decline in its share price.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040113/ASHLANDLOGO )
James J. O'Brien, Ashland's chairman and chief executive officer, said,
"In our July 25, 2007, quarterly earnings release and conference call and
in our Form 10-Q filed on Aug. 8, we provided an outlook for the company's
fourth fiscal quarter, which ends Sept. 30, 2007. We are not aware of any
material changes in Ashland's business fundamentals or the outlook we
provided at that time."
Ashland Inc. (NYSE: ASH), a diversified, global chemical company,
provides quality products, services and solutions to customers in more than
100 countries. A FORTUNE 500 company, it operates through four divisions:
Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland
Water Technologies. To learn more about Ashland, visit http://www.ashland.com.
FORTUNE 500 is a registered trademark of Time Inc.
Forward-Looking Statements
This news release contains forward-looking statements, within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, with respect to Ashland's operating
performance. These estimates are based upon a number of assumptions,
including those mentioned within this news release. Such estimates are also
based upon internal forecasts and analyses of current and future market
conditions and trends, management plans and strategies, weather, operating
efficiencies and economic conditions, such as prices, supply and demand,
cost of raw materials, and legal proceedings and claims (including
environmental and asbestos matters). Although Ashland believes its
expectations are based on reasonable assumptions, it cannot assure the
expectations reflected herein will be achieved. This forward-looking
information may prove to be inaccurate and actual results may differ
significantly from those anticipated if one or more of the underlying
assumptions or expectations proves to be inaccurate or is unrealized or if
other unexpected conditions or events occur. Other factors and risks
affecting Ashland are contained in Ashland's Form 10-K for the fiscal year
ended Sept. 30, 2006. Ashland undertakes no obligation to subsequently
update or revise the forward-looking statements made in this news release
to reflect events or circumstances after the date of this release.
SOURCE Ashland Inc.
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Related links:
http://www.ashland.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20040113/ASHLANDLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/065263.html/
CONTACT:
Media Relations: Jim Vitak, +1-614-790-3715,
jevitak@ashland.com; or Investor Relations: Eric Boni,
+1-859-815-4454, enboni@ashland.com
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