CAM Designs Reports Preliminary Quarterly Results.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 & COVENTRY, U.K.--(BUSINESS WIRE)--April 15, 1997--CAM Designs 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 : CMDA CMDA Chennai Metropolitan Development Authority (India) CMDA Christian Medical & Dental Association CMDA Capital Markets Development Authority (Fiji) ) today announced that it expected to show a loss for its most recent quarter ending Feb. 28, 1997. John R. Davidson, chairman of the company, reported that operations continue to be impacted by cost overruns incurred in connection with the performance of two of the company's contracts. This factor had adversely impacted margins for the prior quarter ended Nov. 30, 1996 and continued to do so through the most recent quarter. Definitive results will be finalized and announced within the next several days and management is expanding its efforts to resolve this problem. CAM Designs Inc., a U.K.-based corporation, with offices in New York, is a premier design and engineering house for the automotive and aerospace industries 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. , Western Europe and the Pacific Rim. Statements in this news release looking forward in time are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. Investors are cautioned that forward-looking statements involve risks and uncertainties, including general economic conditions, delays and risks associated with the performance of contracts, consumer and industry acceptance, and regulatory risks. CONTACT: CAM Designs Inc., Coventry John R. Davidson, 011-44-1-203-407-7000 or Internetwork Communications Inc., New York Michelle Sotnikow 212/448-0240 (Tel) 212/448-0241 (fax) |
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