Lancer Addresses Information in News Article
November 30 2004 - 9:50AM
PR Newswire (US)
Lancer Addresses Information in News Article SAN ANTONIO, Nov. 30
/PRNewswire-FirstCall/ -- Lancer Corporation (AMEX:LAN) today
corrected information contained in a recently published news
article. The news article indicated that Lancer was no longer the
subject of investigations by the Securities and Exchange Commission
and the United States Attorney's Office. Lancer has no knowledge
that it is no longer the subject of those investigations, that the
investigations have concluded, or that any other material
developments have occurred in the investigations since Lancer's
prior disclosure on the subject. Lancer plans to continue to
cooperate fully with the investigations. Lancer Corporation is a
leading innovator, manufacturer and marketer of beverage dispensing
systems serving customers worldwide. Headquartered in San Antonio,
Texas, Lancer also maintains facilities in Mexico, Australia,
Belgium, New Zealand and the United Kingdom. Lancer is a vertically
integrated manufacturer with 2003 sales of $113 million, and
employing approximately 1,200 people. Lancer designs and
manufacturers a complete range of fountain soft drink dispensers,
frozen beverage dispensers, dispensing valves, beer dispensing
equipment, and an extensive line of beverage dispensing parts and
accessories, which are marketed through a network of Company sales
representatives and authorized distributors. This press release
contains various forward-looking statements and information,
including statements relating to the investigations described
above, that are based on management's belief as well as assumptions
made by and information currently available to management. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. Such
statements contain certain risks, uncertainty and assumptions.
Should one or more of these risks materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those expected. DATASOURCE: Lancer Corporation CONTACT: Scott
Adams of Lancer Corporation, +1-210-310-7065 Web site:
http://www.lancercorp.com/
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