Salton (NYSE:SFP)
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Salton, Inc. (NYSE:SFP) announced today that it has filed with the
Securities and Exchange Commission a Form 12b-25 "Notification of Late
Filing," requesting a 15 calendar day extension to file its Annual
Report on Form 10-K for the fiscal year ended July 1, 2006. This late
filing is the result of delays that Salton’s
management has experienced in assembling certain information needed to
complete the reviews of its consolidated financial statements and annual
report within the time period prescribed by the Securities and Exchange
Commission, without unreasonable effort and expense.. Salton intends to
file its Form 10-K as soon as practicable, but no later than the
expiration of the prescribed 15 calendar day period. Salton expects to
announce details on when it will hold its conference call and webcast as
soon as a date is determined for the filing of its 10K.
About Salton, Inc.
Salton, Inc. is a leading designer, marketer and distributor of branded,
high-quality small appliances, electronics, home decor and personal care
products. Its product mix includes a broad range of small kitchen and
home appliances, electronics for the home, time products, lighting
products, picture frames and personal care and wellness products. The
Company sells its products under a portfolio of well recognized brand
names such as Salton®, George Foreman®,
Westinghouse (TM), Toastmaster®, Melitta®,
Russell Hobbs®, Farberware®,
Ingraham® and Stiffel®.
It believes its strong market position results from its well-known brand
names, high-quality and innovative products, strong relationships with
its customer base and its focused outsourcing strategy.
Certain matters discussed in this press release are forward-looking
statements that are subject to certain risks and uncertainties that
could cause actual results to differ materially from those set forth in
the forward-looking statements. These factors include: Salton's ability
to realize the benefits it expects from its U.S. restructuring plan;
Salton's substantial indebtedness and restrictive covenants in Salton's
debt instruments; Salton's ability to access the capital markets on
attractive terms or at all; Salton's relationship and contractual
arrangements with key customers, suppliers and licensors; pending legal
proceedings; cancellation or reduction of orders; the timely
development, introduction and customer acceptance of Salton's products;
dependence on foreign suppliers and supply and manufacturing
constraints; competitive products and pricing; economic conditions and
the retail environment; international business activities; the risks
related to intellectual property rights; the risks relating to
regulatory matters and other risks and uncertainties detailed from time
to time in Salton's Securities and Exchange Commission Filings.
Salton, Inc. (NYSE:SFP) announced today that it has filed with the
Securities and Exchange Commission a Form 12b-25 "Notification of Late
Filing," requesting a 15 calendar day extension to file its Annual
Report on Form 10-K for the fiscal year ended July 1, 2006. This late
filing is the result of delays that Salton's management has
experienced in assembling certain information needed to complete the
reviews of its consolidated financial statements and annual report
within the time period prescribed by the Securities and Exchange
Commission, without unreasonable effort and expense.. Salton intends
to file its Form 10-K as soon as practicable, but no later than the
expiration of the prescribed 15 calendar day period. Salton expects to
announce details on when it will hold its conference call and webcast
as soon as a date is determined for the filing of its 10K.
About Salton, Inc.
Salton, Inc. is a leading designer, marketer and distributor of
branded, high-quality small appliances, electronics, home decor and
personal care products. Its product mix includes a broad range of
small kitchen and home appliances, electronics for the home, time
products, lighting products, picture frames and personal care and
wellness products. The Company sells its products under a portfolio of
well recognized brand names such as Salton(R), George Foreman(R),
Westinghouse (TM), Toastmaster(R), Melitta(R), Russell Hobbs(R),
Farberware(R), Ingraham(R) and Stiffel(R). It believes its strong
market position results from its well-known brand names, high-quality
and innovative products, strong relationships with its customer base
and its focused outsourcing strategy.
Certain matters discussed in this press release are
forward-looking statements that are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those set forth in the forward-looking statements. These factors
include: Salton's ability to realize the benefits it expects from its
U.S. restructuring plan; Salton's substantial indebtedness and
restrictive covenants in Salton's debt instruments; Salton's ability
to access the capital markets on attractive terms or at all; Salton's
relationship and contractual arrangements with key customers,
suppliers and licensors; pending legal proceedings; cancellation or
reduction of orders; the timely development, introduction and customer
acceptance of Salton's products; dependence on foreign suppliers and
supply and manufacturing constraints; competitive products and
pricing; economic conditions and the retail environment; international
business activities; the risks related to intellectual property
rights; the risks relating to regulatory matters and other risks and
uncertainties detailed from time to time in Salton's Securities and
Exchange Commission Filings.