American Locker (NASDAQ:ALGIE)
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American Locker Group Incorporated noted that an
incorrect beneficial ownership percentage with respect to James
Vanasek was included in the Company's press release issued on August
3, 2005 regarding the appointment of four new directors to the Board
of Directors of the Company. VN Capital Management, LLC, a private
hedge fund of which Mr. Vanasek serves as Principal, beneficially owns
121,508 shares of the Company's common stock. This amount represents
7.9% of the Company's outstanding common stock, not 12.7% as indicated
in that press release.
The matters discussed in this press release which contain
forward-looking statements, including without limitation, statements
relating to the Company's plans, strategies, objectives, expectations,
intentions and adequacy of resources, are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements
involve certain known and unknown risks, some of which are beyond the
Company's control, including, among others, risks related to (i) the
Company's plans, strategies, objectives, expectations, and intentions,
which are subject to change at any time at the discretion of the
Company, (ii) the successful implementation of the Company's
restructuring plan, including a significant reduction of annual
selling, general and administrative expenses, the relocation of the
Company's headquarters in Texas, and the restructuring of its bank
debt on acceptable terms, (iii) new product development by the
Company, (iv) the Company's liquidity and capital resources, (v) the
Company's competition, and (vi) other risks and uncertainties
indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company's actual results could
differ materially from those expressed in any forward-looking
statement made by or on the Company's behalf. In light of these risks
and uncertainties, there can be no assurance that the forward-looking
information will, in fact, prove to be accurate. The Company has
undertaken no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.