The Bon-Ton Stores, Inc. Announces Commencement of Trading on OTCQX Best Market starting November 9
November 03 2017 - 6:30AM
The Bon-Ton Stores, Inc. (“Bon-Ton” or the “Company”) (OTCQX:BONT)
today announced that the shares of its common stock will begin to
trade on the OTCQX Best Market starting Thursday, November 9.
Bon-Ton will continue to trade under the symbol “BONT.”
Shareholders can access real-time price quotes and financial
disclosures for Bon-Ton on www.otcmarkets.com.
With this announcement, Bon-Ton joins many other established
public companies who use the OTCQX market, a recognized public
market that offers efficient and transparent trading for U.S. and
global companies.
The Company will continue its regular quarterly earnings press
releases and conference calls in conjunction with filing quarterly
and annual reports on Forms 10-Q and 10-K, respectively. Bon-Ton
will also continue to file current reports on Form 8-K.
About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 260 stores, which
includes nine furniture galleries and four clearance centers, in 24
states in the Northeast, Midwest and upper Great Plains under the
Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman,
Herberger’s and Younkers nameplates. The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings. The Bon-Ton Stores, Inc. is an active and
positive participant in the communities it serves. For
further information, please visit http://investors.bonton.com.
Cautionary Note Regarding Forward-Looking
Statements Certain information included in this press
release contains statements that are forward-looking within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements, which may be identified by words
such as "may," "could," "will," "plan," "expect," "anticipate,"
"believe," "estimate," "project," "intend" or other similar
expressions and include the Company's fiscal 2017 guidance, involve
important risks and uncertainties that could significantly affect
results in the future and, accordingly, such results may differ
from those expressed in any forward-looking statements made by or
on behalf of the Company. Factors that could cause such
differences include, but are not limited to: risks related to
retail businesses generally; a significant and prolonged
deterioration of general economic conditions which could negatively
impact the Company in a number of ways, including the potential
write-down of the current valuation of intangible assets and
deferred taxes; risks related to the Company's proprietary credit
card program; potential increases in pension obligations; consumer
spending patterns, debt levels, and the availability and cost of
consumer credit; additional competition from existing and new
competitors or changes in the competitive environment; inflation;
deflation; changes in the costs of fuel and other energy and
transportation costs; weather conditions that could negatively
impact sales; uncertainties associated with expanding or remodeling
existing stores; the ability to attract and retain qualified
management; the dependence upon relationships with vendors and
their factors; a data security breach or system failure; the
ability to reduce or control SG&A expenses, including
initiatives to reduce expenses and improve profits; operational
disruptions; unsuccessful marketing initiatives; the ability to
expand our capacity and improve efficiency through our new
eCommerce fulfillment center; changes in, or the failure to
successfully implement, our key strategies, including initiatives
to improve our merchandising, marketing and operations; adverse
outcomes in litigation; the incurrence of unplanned capital
expenditures; the ability to obtain financing for working capital,
capital expenditures and general corporate purposes; the impact of
regulatory requirements including the Health Care Reform Act and
the Dodd-Frank Wall Street Reform and Consumer Protection Act; the
inability or limitations on the Company's ability to favorably
adjust the valuation allowance on deferred tax assets; and the
financial condition of mall operators. Additional factors
that could cause the Company's actual results to differ from those
contained in these forward-looking statements are discussed in
greater detail under Item 1A of the Company's Form 10-K filed with
the Securities and Exchange Commission.
MEDIA CONTACT:
Christine Hojnacki
The Bon-Ton Stores, Inc.
Christine.hojnacki@bonton.com
414-347-5329