Arizona Instrument Corp. to Consider Strategic Alternatives.PHOENIX--(BUSINESS WIRE)--Aug. 2, 1999-- Arizona Instrument Corp. (Nasdaq: AZIC) Monday announced that its board of directors has agreed to consider strategic alternatives for the company in a move to increase shareholder value. These alternatives could include a transaction such as a merger, acquisition, sale of assets, or leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , either with or without the involvement of members of management. However, no assurance can be given that any of these alternatives will be accomplished, or with respect to the terms or conditions of any possible transaction involving the company. Arizona Instrument Corp., an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 registered company, designs, manufactures, and markets precision instruments used in quality control, industrial process control, and environmental monitoring applications. The statements in this press release that are not historical facts are 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. within the meaning of 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. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those anticipated, including but not limited to, conditions in the markets in which the company operates, the uncertainties associated with any proposed material transaction, 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. that might ensue en·sue intr.v. en·sued, en·su·ing, en·sues 1. To follow as a consequence or result. See Synonyms at follow. 2. To take place subsequently. , stability of the regulatory environment, and other factors. Any of these assumptions may prove inaccurate, and therefore, there can be no assurance that the forward-looking information will prove to be accurate. For a more complete description of the risks and uncertainties that face the company, please see the company's annual report on Form 10-KSB for the fiscal year ended Dec. 31, 1998 and other documents filed by the company with the Securities and Exchange Commission. |
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