Sigma Labs Issues Letter to Shareholders
May 07 2019 - 8:00AM
Sigma Labs, Inc. (SGLB) (“Sigma Labs” or the “Company”), a provider
of quality assurance software under the PrintRite3D® brand, today
announced the release of the following letter to shareholders from
Chairman and CEO John Rice:
Dear Shareholders,
I am writing to you in an effort to streamline and improve
Sigma’s communication with our shareholders.
Following the lead of an expanding group of growth-oriented
companies, Sigma Labs has decided to discontinue its historic
practice of holding quarterly earnings calls. Our reasons for
making this change are: (1) functioning under public company
disclosure restraints in earnings calls, we are unable to disclose
material information that is not already public, and thus you are
unlikely to learn anything new, and we are prohibited from
answering many shareholder questions to which we know the answers;
(2) like other late stage start-up growth-oriented companies, Sigma
Labs is striving to grow a high-value company and at this point in
time single quarter horizons have little meaning for the effort we
are driving towards for the growth of the company; and (3)
shareholder participation in our earnings calls has averaged fewer
than 25 shareholder participants out of more than 7,000
shareholders, representing less than an estimated 5% of our
outstanding shares.
To provide clear and constant communication with you, we will
continue to disclose information and news through press releases as
events occur. I will also write shareholder letters, which we will
disclose to the public, from time to time, as major events or
strategy changes occur. On our website we have an investor section
through which you can browse and download any or all of the
in-depth SEC documents that we file. As many of you already know, I
happily accept or return phone calls from Sigma shareholders,
although I cannot discuss on those calls information about Sigma
that we have not disclosed to the public.
Finally, in order to improve the relevance and timeliness of our
annual meetings, the Company will move its Annual Shareholder
meeting up to midsummer from recent years’ September/October
scheduling.
I have focused this letter on your company’s communications to
its shareholders. Please accept this letter also as invitation for
shareholders to communicate with the company. You own it, feel free
to speak up. We strive to get better for you and too, we’d be
honored to get better because of you.
Sincerely,
John RiceChairman & CEO
About Sigma Labs
Sigma Labs, Inc. is a provider of quality assurance software
under the PrintRite3D® brand and a developer of advanced,
in-process, non-destructive quality assurance software for
commercial firms worldwide seeking productive solutions for
advanced manufacturing. For more information please visit us at
www.sigmalabsinc.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (which Sections were adopted as part of the Private
Securities Litigation Reform Act of 1995). Statements preceded by,
followed by or that otherwise include the words “believe,”
“anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,”
“prospects,” “outlook,” and similar words or expressions, or future
or conditional verbs such as “will,” “should,” “would,” “may,” and
“could” are generally forward-looking in nature and not historical
facts. These forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the
Company's actual results, performance or achievements to be
materially different from any anticipated results, performance or
achievements. The Company disclaims any intention to, and
undertakes no obligation to, revise any forward-looking statements,
whether as a result of new information, a future event, or
otherwise. For additional risks and uncertainties that could impact
the Company’s forward-looking statements, please see the Company’s
Annual Report on Form 10-K (including but not limited to the
discussion under “Risk Factors” therein) filed with the SEC on
April 1, 2019 and which may be viewed at
http://www.sec.gov.Contacts:
Media Relations:DGI Comm212-825-3210
Investor Relations:Bret ShapiroManaging DirectorCORE
IR561-479-8566 brets@coreir.com
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