Asia Pacific Wire & Cable Confirms Outlook for Second Half of 2002.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 3, 2002 Following an investor conference call held on October October: see month. 2, 2002, Asia Pacific Wire & Cable Corporation Limited (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : AWRCF) announced today that it expected to build on its positive performance for the first six months of the year as it believes the Company will continue to benefit from the acquisitions of Crown Century Holdings Ltd and Pacific Electric Wire & Cable (Shenzhen) Co. Ltd, the Company's restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). initiatives and the positive Asian market trends that benefited the Company in the first half of 2002. The Company also told investors that it would explore ways, including the possibility of stationing an Asia Pacific Wire & Cable representative in 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. , to address investor inquiries and increase the Company's communications overall. "As I have stated previously, we were very pleased with the financial results for the first half of 2002 and the success to date of the Company's recent acquisition and restructuring initiatives. We are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that the positive economic environment in Asia that we experienced until now will continue through the rest of the year," stated Tom Tung, Chairman of Asia Pacific Wire & Cable. "In addition, as part of our efforts to enhance shareholder value, we are committed to effective communications with our investor base. The Company looks forward to building on the good news from the first half of the year." About Asia Pacific Wire & Cable Asia Pacific Wire & Cable Corporation is a leading manufacturer of wire and cable products for the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and power industries in selected markets in the Asia Pacific Region. Except for statements of historical fact, this news release contains certain 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. about the Company. Such statements are subject to significant risks and uncertainties including changes in economic and market conditions, successful implementation of growth plans, and other risks noted in the Company's SEC filings which may cause actual results to differ materially. |
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