Corn Products International, Inc. Holds Analyst/Portfolio Managers Conference in New York City
May 25 2005 - 7:30AM
PR Newswire (US)
Corn Products International, Inc. Holds Analyst/Portfolio Managers
Conference in New York City Company to Review Progress on Strategy
and Confirm 2005 Outlook WESTCHESTER, Ill., May 25
/PRNewswire-FirstCall/ -- Corn Products International, Inc.
(NYSE:CPO) will hold its 2005 Analyst and Portfolio Managers
Conference at 12:30 pm ET today in New York City. During the
meeting, corporate officers will provide an update on the Company's
prospects for the year and will review the progress that Corn
Products International has achieved on its multiple-pathway
strategy, which was introduced at the Company's Analyst and
Portfolio Manager meeting in 2004. The management team also plans
to confirm its 2005 outlook, which calls for an increase of 7
percent to 15 percent over last year's $1.25 GAAP EPS. "We remain
confident that the strategy we unveiled last year is the right one
for our Company," said Sam Scott, Corn Products International's
chairman, president and chief executive officer. "We have achieved
tangible results by putting this strategy into action, and we look
forward to reporting greater progress in years to come." The
conference will be simulcast on the Company's web site,
http://www.cornproducts.com/ . Presentations will be available for
download 60 minutes prior to the start of the meeting. This will be
a "listen-and-view" only presentation, and the presentations will
be available for 30 days on the Company's web site. ABOUT THE
COMPANY Corn Products International, Inc. is one of the world's
largest corn refiners and a major supplier of high-quality food
ingredients and industrial products derived from the wet milling
and processing of corn and other starch- based materials. The
Company is the number-one worldwide producer of dextrose and a
leading regional producer of starch, high fructose corn syrup and
glucose. In 2004, the Company recorded net sales of $2.3 billion
with operations in 16 countries at 34 plants, including wholly
owned businesses, affiliates and alliances. Headquartered in
Westchester, Ill., it was founded in 1906. The Company is listed on
the New York Stock Exchange under the symbol CPO. Additional
information can be found on the World Wide Web at
http://www.cornproducts.com/ . This release contains or may contain
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The Company intends these forward looking
statements to be covered by the safe harbor provisions for such
statements. These statements include, among other things, any
predictions regarding the Company's future financial condition,
earnings, revenues, expenses or other financial items, any
statements concerning the Company's prospects or future operation,
including management's plans or strategies and objectives therefore
and any assumptions underlying the foregoing. These statements can
sometimes be identified by the use of forward looking words such as
"may," "will," "anticipate," "believe," "plan," "project,"
"estimate," "expect," "intend," "continue," "pro forma," "forecast"
or other similar expressions or the negative thereof. All
statements other than statements of historical facts in this report
or referred to or incorporated by reference into this report are
"forward-looking statements." These statements are subject to
certain inherent risks and uncertainties. Although we believe our
expectations reflected in these forward-looking statements are
based on reasonable assumptions, stockholders are cautioned that no
assurance can be given that our expectations will prove correct.
Actual results and developments may differ materially from the
expectations conveyed in these statements, based on various
factors, including fluctuations in worldwide commodities markets
and the associated risks of hedging against such fluctuations;
fluctuations in aggregate industry supply and market demand;
general political, economic, business, market and weather
conditions in the various geographic regions and countries in which
we manufacture and/or sell our products, including fluctuations in
the value of local currencies, energy costs and availability,
freight and shipping costs, and changes in regulatory controls
regarding quotas, tariffs, taxes and income tax rates; operating
difficulties; labor disputes; genetic and biotechnology issues;
changing consumption preferences and trends; increased competitive
and/or customer pressure in the corn-refining industry; the
outbreak or continuation of hostilities including acts of
terrorism; stock market fluctuation and volatility; and the
resolution of the uncertainties resulting from the Mexican HFCS
tax. Our forward-looking statements speak only as of the date on
which they are made and we do not undertake any obligation to
update any forward- looking statement to reflect events or
circumstances after the date of the statement. If we do update or
correct one or more of these statements, investors and others
should not conclude that we will make additional updates or
corrections. For a further description of certain risk factors, see
the Company's most recently filed Annual Report on Form 10-K and
subsequent reports on Forms 10-Q or 8-K. DATASOURCE: Corn Products
International, Inc. CONTACT: Investors, Richard Vandervoort,
+1-708-551-2595, or Media, Mark Lindley, +1-708-551-2602, both of
Corn Products International, Inc. Web site:
http://www.cornproducts.com/
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