BRYAN, Texas, April 2 /PRNewswire/ -- Based upon preliminary information,
weaker than anticipated demand during January for all of the Company's chair
products and for its higher-priced models throughout the quarter is expected
to cause revenues to fall below the Company's expectations for the third
quarter of fiscal year 1998, the Company announced today.
"Although sales in January were significantly less than expected, sales in
February and particularly in March were strong. Revenues for March
preliminarily appear to be our third highest on record," said Rebecca Boenigk,
Chairman and CEO. Today the Company produced its first Harvard Seating
products and also commenced production of computERGO(TM), a portable ergonomic
workstation for the transport of a laptop computer.
Neutral Posture Ergonomics, Inc. manufactures, markets and distributes
ergonomic and side chairs and portable ergonomic computer workstations.
Neutral Posture Ergonomics, Inc. common stock is listed on the Nasdaq National
Market under the symbol "NTRL".
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 results to differ materially from
those anticipated in 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, 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.
SOURCE Neutral Posture Ergonomics, Inc.
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CONTACT: Gregory A. Katt, CFO of Neutral Posture Ergonomics, Inc., 409-778-0502, ext. 21
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