The Stephan Co. Reports Withdrawal of Eastchester Bid
FORT LAUDERDALE, Fla., Aug. 25 /PRNewswire-FirstCall/ -- The Stephan Co. (AMEX:TSC) today announced that Eastchester Enterprises, Inc., in accordance
with provisions of the merger agreement, withdrew its offer to purchase shares
of the Company.
The Stephan Co. is engaged in the manufacture, distribution, and marketing of
personal and hair care products.
Statements contained in this news release not strictly historical are forward
looking within the meaning of the safe harbor clause of the Private Securities
Litigation Reform Act of 1995. The Company makes these statements based on
information available to it as of the date of this News Release and assumes no
responsibility to update or revise such forward-looking statements.
Editors and investors are cautioned that forward-looking statements invoke risk
and uncertainties that may cause the Company's actual results to differ
materially from such forward-looking statements.
These risks and uncertainties include, without limitation, appropriate
valuation of the Company's assets, demand for the Company's products,
competition from larger and/or more experienced suppliers of personal and hair
care products, the Company's ability to continue to develop its markets,
general economic conditions, governmental regulation, and other factors that
may be more fully described in the Company's literature and periodic filings
with the Securities and Exchange Commission. DATASOURCE: The Stephan Co.
CONTACT: David Spiegel, The Stephan Co., +1-954-971-0600 Web site: http://www.thestephancompany.com/
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