BRYAN, Texas, Nov. 9 /PRNewswire/ --
Neutral Posture Ergonomics, Inc. (Nasdaq: NTRL) today reported that on
November 8, 2000 it had been served with a lawsuit filed on October 19, 2000,
in the County Court of Dallas County in Dallas, Texas against Neutral Posture
Ergonomics, Inc., Rebecca Boenigk, Jaye Congleton, David Campbell and Huberman
Financial, Inc. In general, the lawsuit alleges violation of the Texas
Securities Act, fraud in stock transactions under Texas law, common law fraud
and deceit, and negligent misrepresentations. The suit is a securities class
action lawsuit filed on behalf of all persons who purchased, held or sold the
stock of the Company between October 20, 1997 and October 20, 2000. The
Company intends to vigorously contest the claims against it made in the suit.
Neutral Posture Ergonomics, Inc. manufactures, markets and distributes
ergonomic products. Neutral Posture Ergonomics, Inc. is a certified Women
Business Enterprise and its common stock is listed on the Nasdaq Small Cap
Market under the symbol NTRL.
This press release may include 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 actual results to differ
materially from those anticipated by 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 and suppliers,
customer acceptance of existing and new products, collectibility of accounts
receivable from customers, 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, results of
arbitration and litigation, 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. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect management's
analysis only as of the date hereof. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof. Readers should carefully
review the risk factors described in other documents the Company files from
time to time with the Securities and Exchange Commission.
Contact: Gregory A. Katt, CFO of Neutral Posture Ergonomics, Inc.,
979-778-0502, ext. 111.
SOURCE Neutral Posture Ergonomics, Inc.
 back to top
Related links:
http://www.neutralposture.com
Company News On-Call:
http://www.prnewswire.com/comp/125652.html or fax,
800-758-5804, ext. 125652
CONTACT:
Gregory A. Katt, CFO of Neutral Posture
Ergonomics, Inc., 979-778-0502, ext. 111
|
