Alliance Laundry Systems LLC Announces Filing of Preliminary Prospectus in Canada by Alliance Laundry Systems Income Fund.Business Editors RIPON Ripon, town (1991 pop. 11,952), North Yorkshire, N England, on the Ure River. It is a market town with foundries, varnish and paint factories, tanneries, and breweries. Ripon is famous as an old cathedral city where monasteries have stood since the 7th cent. , WIS.--(BUSINESS WIRE)--Oct. 3, 2002 Alliance Laundry Laundry can be:
Before industrialization Systems LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (the "Company") announced that on October October: see month. 1, 2002, Alliance Laundry Systems Income Fund (the "Fund") filed a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders with securities regulators in Canada pursuant to which it proposes to sell newly-issued trust units. The Fund has been created to acquire an indirect ownership interest in the Company and will make monthly distributions of its available cash to the holders of its units. The Fund has indicated that it expects to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the initial public offering of units to acquire an indirect ownership interest in the Company. The Company expects to use the proceeds from the sale of such ownership interest to reduce existing debt and acquire other securities and to ultimately provide it with the flexibility to fund future acquisitions and product development. The completion of the units offering by the Fund, together with the Company's receipt of sufficient funds from the sale to the Fund of an indirect ownership interest in the Company would constitute a change of control, for purposes of the 9 5/8% Senior Subordinated Notes Indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. of May 5, 1998. The Company currently expects to commence an offer to purchase its outstanding 9 5/8% Senior Subordinated Notes prior to the Fund's completion of its initial public offering of units. The Company's offer to purchase will be conditioned upon the completion of the units offering by the Fund and the Company's receipt of sufficient funds from the sale of an indirect ownership interest to the Fund. The closing of the public offering by the Fund is subject to regulatory approval in Canada. The units of the Fund have not been registered under the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. FORWARD LOOKING STATEMENTS Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Alliance Laundry Systems LLC, to be materially different from any future results, performance or achievements expressed or implied by 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. . When used in this press release, such statements use such words as "may", "will", "expect", "anticipate", "project", "believe", "plan" and other similar terminology. The risks and uncertainties with respect to the Company are detailed from time to time in reports filed with the United States Securities and Exchange Commission. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Alliance Laundry Systems LLC is a leading designer, manufacturer and marketer of commercial laundry equipment in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and worldwide. The Company's equipment is used in laundromats and multi-housing laundries, universities, military installations and on-premise laundries under the brands of Ajax, Huebsch, Speed Queen and UniMac. THIS PRESS RELEASE IS NOT INTENDED FOR DISTRIBUTION IN CANADA |
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