GSI Lumonics Senior Officers Adopt Trading Plans
May 11 2004 - 5:01PM
PR Newswire (US)
GSI Lumonics Senior Officers Adopt Trading Plans BILLERICA, Mass.,
May 11 /PRNewswire-FirstCall/ -- GSI Lumonics announces today all
senior officers of the Company, at the direction of the Board, have
adopted stock trading plans structured in accordance with Rule
10b5-1 of the Securities Exchange Act of 1934 and the Company's
insider trading policy. Rule 10b5-1 allows corporate insiders to
establish prearranged trading plans to govern the purchase or sale
of a specified number or dollar amount of shares of company stock
at a predetermined period of time. Such plans may only be adopted
at a time when the corporate insider has no material non-public
information. Such plans provide assurance to investors that stock
trades by Company insiders are not based on undisclosed
information. GSI Lumonics supplies precision motion control
components, lasers and laser-based advanced manufacturing systems
to the global medical, semiconductor, electronics, and industrial
markets. GSI Lumonics' common shares are listed on Nasdaq (GSLI)
and The Toronto Stock Exchange (LSI). Certain statements in this
news release may constitute forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, Section 27A of the United States, Securities Act of
1933 and Section 21E of the United States Securities Exchange Act
of 1934. These forward-looking statements may relate to anticipated
financial performance, management's plans and objectives for future
operations, business prospects, outcome of regulatory proceedings,
market conditions, tax issues and other matters. All statements
contained in this news release that do not relate to matters of
historical fact should be considered forward-looking statements,
and are generally identified by words such as "anticipate,"
"believe," "estimate," "expect," "intend," "plan," "objective" and
other similar expressions. Readers should not place undue reliance
on the forward- looking statements contained in this news release.
Such statements are based on management's beliefs and assumptions
and on information currently available to management and are
subject to risks, uncertainties and changes in condition,
significance, value and effect. Other risks include the fact that
the Company's sales have been and are expected to continue to be
dependent upon customer capital equipment expenditures, which are,
in turn, affected by business cycles in the markets served by those
customers. Other factors include volatility in the semiconductor
industry, the risk of order delays and cancellations, the risk of
delays by customers in introducing their new products and market
acceptance of products incorporating subsystems supplied by the
Company, similar risks to the Company of delays in its new
products, our ability to continue to reduce costs and capital
expenditures, our ability to focus R&D investment and other
risks detailed in reports and documents filed by the Company with
the United States Securities and Exchange Commission and with
securities regulatory authorities in Canada. Such risks,
uncertainties and changes in condition, significance, value and
effect, many of which are beyond the Company's control, could cause
the Company's actual results and other future events to differ
materially from those anticipated. The Company does not, however,
assume any obligation to update these forward- looking statements
to reflect actual results, changes in assumptions or changes in
other factors affecting such forward-looking statements. For more
information contact: Investor Relations, 613-224-4868, Ann Dempsey,
(ext. 2#) DATASOURCE: GSI Lumonics CONTACT: Ann Dempsey, Investor
Relations of GSI Lumonics, +1-613-224- 4868, ext. 2# Company News
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