PHI, Inc. Issues Update Statement on Its Review Process
February 19 2019 - 4:05PM
Business Wire
PHI, Inc. (Nasdaq: PHII (voting); PHIIK (nonvoting)) (“PHI”)
issued today the following statement:
“We understand our stakeholders may have questions about the
status of the review of strategic alternatives that we announced
last Fall. Our officers and directors are collaborating with our
advisors and others and continue to make steady progress as we
evaluate a wide range of various options available to us. It is
common for companies in a position like ours to explore several
strategies before reaching final conclusions. We cannot provide
advice on investments in PHI, nor would it be appropriate for us to
speculate about the treatment of stakeholders in the various
options we are continuing to consider. We do not intend to provide
further comment on this matter until we have an appropriate update
to share.”
About PHI
PHI provides helicopter transportation and related services to a
broad range of customers including the oil and gas and air medical
industries, and also provides third-party maintenance services to
select customers. PHI Voting Common Stock and Non-Voting Common
Stock are traded on The NASDAQ Global Market (symbols PHII and
PHIIK).
Forward-Looking Statements
Except for historical and factual information, the matters set
forth in this release are forward-looking statements as defined by
the federal securities laws, and are subject to the "safe harbor"
protections thereunder. These forward-looking statements are not
guarantees of future results and are based on current expectations
only, and are subject to various uncertainties. Actual events and
results may differ materially from those anticipated by us in those
statements. We may change our intentions or plans discussed in our
forward-looking statements without notice at any time and for any
reason, and can provide no assurances as to the ultimate outcome of
our above-described review process.
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Trudy McConnaughhayChief Financial Officer(337) 235-2452