SIFCO Response to Press Release and Solicitation by Levi & Korsinsky, LLP
January 08 2014 - 4:38PM
Business Wire
In response to a press release/general solicitation by the class
action law firm, Levi & Korsinsky, LLP, Michael Lipscomb,
President and Chief Executive Officer of SIFCO Industries, Inc.,
stated, “This law firm’s press release/solicitation identifies no
grounds for an investigation of SIFCO and we are not aware of any
basis for such an investigation. We believe this law firm’s
solicitous action will not benefit SIFCO’S shareholders. SIFCO
shareholders are aware of the strong stock performance and
continued execution of the Company’s strategic vision. We are
confident that our shareholders will conclude that this
'investigation' is baseless and draw their own conclusions about
the motivation behind this law firm’s actions.”
About SIFCO Industries,
Inc.
SIFCO Industries, Inc. (“Company”) is engaged in the production
and sale of a variety of metalworking processes, services and
products produced primarily to the specific design requirements of
its customers. The processes and services include forging,
heat-treating, coating, welding, and machining. The products
include forged components (both conventional and precision),
machined forged parts and other machined metal components. The
Company’s operations are conducted in one business segment: SIFCO
Forged Components.
Forward-Looking
Statements
Certain statements contained in this press release are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, such as statements
relating to financial results and plans for future business
development activities, and are thus prospective. Such
forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially from future results expressed or implied by such
forward-looking statements. Potential risks and uncertainties
include, but are not limited to, economic conditions, competition
and other uncertainties detailed from time to time in the Company’s
Securities and Exchange Commission filings.
SIFCO Industries, Inc.Catherine M. Kramer,
216-881-8600www.sifco.com
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