Cherokee Announces Reports of Stock Sales by Affiliates are Erroneous.VAN NUYS, Calif.--(BUSINESS WIRE)--Dec. 23, 1996--Cherokee 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 :CHKE) Monday Monday: see week. responded to published reports of sales of Cherokee Cherokee, Native American language Cherokee, language belonging to the Iroquoian branch of the Hokan-Siouan linguistic family. See Native American languages. stock by affiliates which it believes are misleading. These reports indicated that Newstar Group, Inc., a principal shareholder of Cherokee, and Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Margolis Margolis is a surname, and may refer to:
Cherokee clarified that those SEC forms relate to transfers of shares of Cherokee stock by Newstar Group, Inc., to its shareholders and do not reflect sales of Cherokee stock to persons other than the shareholders of Newstar Group, Inc. Margolis confirmed that neither he nor any of the other shareholders of Newstar Group, Inc. has sold any of the shares of Cherokee stock which were transferred to them. He said that the shares were simply transferred from corporate ownership to individual ownership and that the transfers were fully disclosed in forms which were timely filed with the SEC. Cherokee Inc., based in Van Nuys, a marketer and licenser of Cherokee brand products, continues its global negotiations for licensing contracts and currently has 28 continuing licensing agreements worldwide covering an ever-increasing range of products. For more information on Cherokee Inc. via facsimile at no cost, simply call 800/PRO-INFO and dial client code 058. CONTACT: Cherokee Inc., Van Nuys Carol Gratzke, 818/908-9868 or The Financial Relations Board Inc., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Moira Conlon Conlon is an Irish family name, the gaelic spelling being Ó Connalláin. It is a variartion of the anglcised version of Ó Connalláin. It is sometimes spelt Conlan, Conlen and Conlin. Like most surnames, it is sometimes used as a first name. , 310/442-0599 (Analyst contact) Daniel Saks, 310/442-0599 (General info.) Steven Seiler, 310/442-0599 (Media contact) |
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