BRYAN, Texas, March 19 /PRNewswire/ -- Neutral Posture Ergonomics, Inc.,
(Nasdaq: NTRL) today reported closing on its acquisition of certain assets of
the furniture business of Harvard Industries, Inc.
Rebecca Boenigk, Chairman and CFO said, "We are very pleased with closing
the acquisition and look forward to our expansion into the mid-priced seating
market. As stated in our press release dated March 6, 1998, our top priority
is to work out a transition plan with minimal delays and disruptions to our
customers."
Neutral Posture Ergonomics, Inc. manufactures, markets and distributes
ergonomic chairs. 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 by some of the forward-looking statements. Some 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 abilities to integrate Harvard's chair
lines and the related business, whether due to future national or regional
economic and competitive conditions, changes in relationships with customers
including, but not limited to, the Company's relationship with its significant
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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Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 125652
CONTACT:
Gregory A. Katt, CFO of Neutral Posture
Ergonomics, Inc., 409-778-0502, ext.21
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