Bush Industries Inc Announces Extension of Current Bank Waivers
March 01 2004 - 2:37PM
PR Newswire (US)
Bush Industries Inc Announces Extension of Current Bank Waivers
JAMESTOWN, N.Y., March 1 /PRNewswire-FirstCall/ -- Bush Industries
Inc. , a leading manufacturer of ready-to-assemble, case goods
furniture and a supplier of surface technologies, todayannounced
that it has received an additional extension of the temporary
waivers from it's lenders regarding non compliance with it's
covenants. The Company had previously received an extension of the
temporary waivers through March 1,2004. The newly received
extension of the temporary waivers has now extended that date until
April 1, 2004. Bush Industries, Inc. is a leading global
manufacturer of ready-to-assemble furniture, casegoods furniture,
and a supplier of surface technologies. The Companyoperates its
business in three segments: Bush Furniture North America, which
concentrates on furniture for the commercial office, home office,
home entertainment, bedroom and other home furnishings distributed
by leading retailers; Bush Furniture Europe, which sells
commercial, home office and other furnishings in the European
market; and Bush Technologies, which is focused on the cell phone
accessories after-market, as well as the utilization of surface
technologies in diverse applications such as automotive interiors,
cosmetics, sporting goods and consumer electronics. Bush operates
several manufacturing and warehouse facilities throughout North
America and Europe. Certain statements and information included in
this press release constitute "forward-looking statements" within
the meaning of the Federal Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause the Company's actual results in
future periods to differ materially from forecasted results.
Forward-looking statements include statements regarding the intent,
belief, projected or current expectations of the Company or its
Officers (including statements preceded by, followed by or
including forward-looking terminology such as "may," "will,"
"should," "believe," "expect," "anticipate," "estimate," "continue"
or similar expressions or comparable terminology), with respect to
various matters. The Company cannot guarantee future results,
levels of activity, performance or achievements. Factors that could
cause or contribute to such differences include, but are not
limited to, economic, competitive, governmental and technological
factors affecting the Company's operations, markets, products,
services and prices, and other factors discussed in the Company's
filings with the Securities and Exchange Commission (the ``SEC').
Copies of the Company's SEC filings are available from the SEC or
may be obtained upon request from the Company. The Company does not
undertake any obligation to update the information contained
herein, which speaks only as of this date. DATASOURCE: Bush
Industries Inc. CONTACT: Jeffrey O'Keefe of The Global Consulting
Group +1-646-284-9423, for Bush Industries Inc.; or Donald Hauck,
Sr. Vice President of Bush Industries Inc., +1-716-665-2510, ext.
3509 Web site: http://www.bushindustries.com/
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