Applied Extrusion Technologies, Inc. Concludes Review of Strategic Options.Business Editors BOSTON--(BUSINESS WIRE)--Oct. 8, 2002 Applied Extrusion Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. - AETC AETC Air Education & Training Command (US Air Force) AETC Air Education and Training Command AETC AIDS Education and Training Centers AETC Alabama Educational Technology Conference AETC Advanced Engineering Technology Conference ) announced today that, after a review of its strategic options, the Company has concluded that executing its strategic business plan and recently announced restructuring are in the best interests of its shareholders. In June, the Company announced that it had received unsolicited expressions of interest to acquire the Company and that it would review all strategic options. "The values inherent in the expressions of interest were not adequate when compared with the potential value of the Company based on executing our management plan," commented Amin J. Khoury, Chief Executive Officer and Chairman of the Board. "We are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the long-term prospects of the business and look forward to returning to profitability in fiscal 2003," concluded Mr. Khoury. Applied Extrusion Technologies, Inc. is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. developer and manufacturer of specialized oriented polypropylene (OPP OPP Opposite OPP Opportunity/Opportunities OPP Office of Pesticide Programs OPP Ontario Provincial Police (Ontario, Canada) OPP Office of Polar Programs (National Science Foundation) ) films used primarily in consumer products labeling and flexible packaging applications. Except for the historical information contained herein, the matters discussed in this report are forward-looking statements that involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including those risks related to the ability to implement a price increase and related volume losses, the timely development and acceptance of new products, fluctuations in raw materials and other production costs, the ability to satisfy our debt service requirements, the loss of one or more significant customers, the impact of competitive products and pricing, the timely completion of capital projects, the success of the Company's efforts to access capital markets on satisfactory terms, and to acquire, integrate, and operate new businesses and expand into new markets, as well as other risks detailed in Exhibit 99 of the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended September 30, 2001 and from time to time in the Company's other reports filed with the Securities and Exchange Commission. |
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