Aerosonic Retains Strategic Growth Advisors.CLEARWATER, Fla. -- Aerosonic Corporation (AMEX AMEX See: American Stock Exchange :AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it has retained the services of Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . & Associates, Inc. ("Raymond James") to assist the Company in evaluating its strategic growth alternatives and Buchanan Ingersoll PC ("Buchanan Ingersoll") as its general counsel. Raymond James, based in St. Petersburg, FL, is a full service securities firm with over 400 capital markets professionals that provide a full spectrum of investment banking and capital markets services. Buchanan Ingersoll, a national law firm with a strong presence in corporate finance, will be advising the Company in general corporate legal matters as well as matters pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the evaluation of its strategic growth alternatives. The Company will be working with the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY and Tampa, FL offices of Buchanan Ingersoll. The Company is working closely with its advisors to ensure that it has the flexibility to pursue a variety of strategic growth opportunities. In this regard, the recently filed 2005 Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. contains certain matters for shareholders to consider which were recommended by the Company's advisors and unanimously approved by its Board of Directors. Key among these matters is a proposed increase to the number of shares of authorized capital authorized capital n (COMM) → capital m autorizado or social authorized capital n (Comm) → capital social of the Company and to authorize the issuance of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . The Company and its advisors believe that the current capital structure, limited to the current authorized common stock, is not sufficient to enable the Company to respond to potential business opportunities. "A more flexible capital structure would provide for a dynamic and positive change for our Company and would position us to consider capital market transactions that will enhance shareholder value," stated David Baldini, Aerosonic's Chairman, President and Chief Executive Officer. "We are pleased to have the assistance of such a capable team of financial and legal professionals to help guide us as we go forward." This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based. Investors are cautioned that any such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments with respect to the resolution of current stockholder litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , adverse developments involving operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time. |
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