Layne Christensen Announces Partnership with Water For People
March 25 2013 - 8:00AM
Layne Christensen Company (Nasdaq:LAYN)
("Layne" or the "Company") is
pleased to announce its partnership with Water For People, a global
non-profit that is dedicated to developing sustainable and reliable
drinking water resources and sanitation facilities for communities
in Africa, Asia, Central and South America.
As part of the strategic partnership, Layne will provide
technical expertise to help Water For People establish best
practices, as well as promote involvement among its employees for
Water For People events in or near their work locations.
Ned Breslin, CEO of Water For People commented, "Our vision for
the world is that everyone should have access to long term,
reliable sources of clean water. In Layne, we have found a partner
who shares our vision."
Layne President and CEO Rene Robichaud said, "Layne is honored
to partner with Water For People to help combat the global water
crisis. As the leading sustainable solutions provider to the
world's natural resources, we look forward to sharing our 130 years
of water management expertise to help Water For People build and
develop sustainable drinking water and sanitation solutions for
communities around the globe."
Layne Christensen Company
Layne is a global water management, construction and drilling
company, providing responsible solutions to the world of essential
natural resources — water, mineral and energy. We offer innovative,
sustainable products and services with an enduring commitment to
safety, excellence, and integrity.
About Water For People
Water For People is an international nonprofit organization
dedicated to providing access to improved water and sanitation
systems and services in developing countries. By working with local
governments, the private sector, and partners, Water For People
ensures that Everyone in a specific region has
these basic needs met Forever. This innovative
approach reaches every family, every school, and every clinic,
catalyzing transformative change for better health and economic
development to occur. Learn more at www.waterforpeople.org. Join us
on Facebook and Twitter.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Exchange Act of 1934. Such statements may
include, but are not limited to, statements of plans and
objectives, statements of future economic performance and
statements of assumptions underlying such statements, and
statements of management's intentions, hopes, beliefs, expectations
or predictions of the future. Forward-looking statements can
often be identified by the use of forward-looking terminology, such
as "should," "intended," "continue," "believe," "may," "hope,"
"anticipate," "goal," "forecast," "plan," "estimate" and similar
words or phrases. Such statements are based on current expectations
and are subject to certain risks, uncertainties and assumptions,
including but not limited to: the outcome of the ongoing
internal investigation into, among other things, the legality,
under the FCPA and local laws, of certain payments to agents and
other third parties interacting with government officials in
certain countries in Africa relating to the payment of taxes and
the importing of equipment (including any government enforcement
action which could arise out of the matters under review or that
the matters under review may have resulted in a higher dollar
amount of payments or may have a greater financial or business
impact than management currently anticipates), prevailing prices
for various commodities, unanticipated slowdowns in the Company's
major markets, the availability of credit, the risks and
uncertainties normally incident to the construction industry, the
impact of competition, the effectiveness of operational changes
expected to increase efficiency and productivity, worldwide
economic and political conditions and foreign currency fluctuations
that may affect worldwide results of operations. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially and
adversely from those anticipated, estimated or
projected. These forward-looking statements are made as of the
date of this filing, and the Company assumes no obligation to
update such forward-looking statements or to update the reasons why
actual results could differ materially from those anticipated in
such forward-looking statements.
CONTACT: Layne Christensen Company
Jerry W. Fanska
Sr. Vice President Finance
913-677-6858
jerry.fanska@layne.com
Jenny Caulk
Corporate Communications Manager
913-677-6852
jenny.caulk@layne.com
The Equity Group Inc.
Devin Sullivan
Sr. Vice President
212-836-9608
dsullivan@equityny.com
Thomas Mei
Account Executive
212-836-9614
tmei@equityny.com
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