Tefron to Reschedule Shareholder Meeting on Approval of Terms of Office for its Newly-Elected Active Chairman of the Board
April 09 2008 - 10:34AM
PR Newswire (US)
MISGAV, Israel, April 9 /PRNewswire-FirstCall/ -- Tefron Ltd.
(NYSE:TFR)(TASE:TFRN), a leading producer of seamless intimate
apparel and engineered-for-performance (EFP(TM)) active wear,
announced that it will reschedule the shareholders meeting,
originally scheduled for April 16, 2008, to approve the terms of
office of Tefron's newly-elected active Chairman of the Board, Mr.
Yacov Gelbard. The new date for the meeting has not yet been set.
About Tefron Tefron manufactures boutique-quality everyday seamless
intimate apparel, active wear and swim wear sold throughout the
world by such name-brand marketers as Victoria's Secret, Nike,
Target, The Gap, Banana Republic, J. C. Penney, lululemon athletica
Warnaco/Calvin Klein, Patagonia, Reebok, Dolce and Gabbana, and El
Corte Englese, as well as other well known retailers and designer
labels. The company's product line includes knitted briefs, bras,
tank tops, boxers, leggings, crop, T-shirts, nightwear, bodysuits,
swim wear, beach wear and active-wear. This press release contains
certain forward-looking statements, within the meaning of Section
27A of the US Securities Act of 1933, as amended, Section 21E of
the US Securities Exchange Act of 1934, as amended, and the safe
harbor provisions of the US Private Securities Litigation Reform
Act of 1995, with respect to the Company's business, financial
condition and results of operations. We have based these
forward-looking statements on our current expectations and
projections about future events. Words such as "believe,"
"anticipate," "expect," "intend," "will," "plan," "could," "may,"
"project," "goal," "target," and similar expressions often identify
forward-looking statements but are not the only way we identify
these statements. Except for statements of historical fact
contained herein, the matters set forth in this press release
regarding our future performance, plans to increase revenues or
margins and any statements regarding other future events or future
prospects are forward-looking statements. These forward looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those contemplated in such
forward-looking statements, including, but not limited to: - our
customers' continued purchase of our products in the same volumes
or on the same terms; - the cyclical nature of the clothing retail
industry and the ongoing changes in fashion preferences; - the
competitive nature of the markets in which we operate, including
the ability of our competitors to enter into and compete in the
seamless market in which we operate; - the potential adverse effect
on our business resulting from our international operations,
including increased custom duties and import quotas (e.g., in
China, where we manufacture for our swimwear division). - the
potential adverse effect on our future operating efficiency
resulting from our expansion into new product lines with more
complicated products and different raw materials; - the purchase of
new equipment that may be necessary as a result of our expansion
into new product lines; - our dependence on our suppliers for our
machinery and the maintenance of our machinery; - the fluctuations
costs of raw materials; our dependence on subcontractors in
connection with our manufacturing process; - our failure to
generate sufficient cash from our operations to pay our debt; -
fluctuations in inflation and currency; and - political, economic,
social, climatic risks, associated with international business and
relating to operations in Israel; as well as certain other risks
detailed from time to time in the Company's filings with the
Securities and Exchange Commission. The Company undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. Contacts Company Contact: Asaf Alperovitz Chief Financial
Officer +972-4-9900803 IR Contact: Ehud Helft / Kenny Green G.K.
Investor Relations +1-646-201-9246 DATASOURCE: Tefron Ltd CONTACT:
Contacts: Company Contact: Asaf Alperovitz, Chief Financial
Officer, +972-4-9900803, . IR Contact: Ehud Helft / Kenny Green,
G.K. Investor Relations, +1-646-201-9246,
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