Wellco (AMEX:WLC)
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Wellco Enterprises, Inc. (AMEX:WLC) today announced that
the U. S. Department of Defense has extended the delivery dates on
boot orders under its contracts. The original delivery dates for boot
shipments in April through June 2006 have been extended to May through
August 2006.
Wellco was informed that the Army's current usage of boots is
lower than the rate projected when the orders were issued to Wellco.
This is only an extension of the shipping date. No orders or
contracts have been cancelled. Wellco has adjusted its production rate
accordingly.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION
Statements throughout this report that are not historical facts
are forward-looking statements.
These statements are based on current expectations and beliefs,
and involve numerous risks and uncertainties. Many factors could
affect the Company's actual results, causing results to differ
materially from those expressed in any such forward-looking
information.
These factors include, but are not limited to, the receipt of
contracts from the U. S. government and the performance thereunder;
the ability to control costs under fixed price contracts; the
cancellation of contracts; and other risks detailed from time to time
in the Company's Securities and Exchange Commission filings, including
Form 10-K for the year ended July 2, 2005 and Form 10-Q for the fiscal
quarter ended October 1, 2005. Those statements include, but may not
be limited to, all statements regarding intent, beliefs, expectations,
projections, forecasts, and plans of the Company and its management.
Actual results may differ materially from management expectations. The
Company assumes no obligation to update any forward-looking
statements.