Court Sets Confirmation Hearing Date for Exide Technologies; April 16, 2004 Hearing on Company's Plan of Reorganization.Energy Editors/Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--March 15, 2004 Exide Technologies (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : EXDTQ), a global leader in stored electrical energy solutions, today announced that the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the District of Delaware has approved the Company's Disclosure Statement and has scheduled a confirmation hearing on the Joint Plan of Reorganization ("Plan") filed by Exide with the Official Committee of Unsecured Creditors for April 16, 2004. The Company said that it would immediately begin to solicit support for the Plan from creditors eligible to vote. Creditors have until April 9, 2004 to return their ballot to the Balloting Agent, BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. . Copies of the Company's Plan of Reorganization and Disclosure Statement can be accessed at www.bmccorp.net/exide. Additionally, Exide has established a toll-free number to answer questions regarding the Company's Plan of Reorganization. The toll-free number is 1-800-821-EXIDE (3943) or 212-515-1962. Creditors seeking additional information about the balloting process may contact BMC at (888) 909-0100. About Exide Technologies: Exide Technologies, with operations in 89 countries and fiscal 2003 net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of approximately $2.35 billion, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's three global business groups - transportation, motive power and network power - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications. Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, fuel-cell load leveling, electric utilities, railroads, photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. (solar-power related) and uninterruptible power supply See UPS. (hardware) Uninterruptible Power Supply - (UPS) A battery powered power supply unit that is guaranteed to provide power to a computer in the event of interruptions in the incoming mains electrical power. (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles. Further information about Exide and its financial results are available at www.exide.com. Certain statements in this press release may constitute forward-looking statements as defined by the Securities 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. Reform Act of 1995. As such, they involve known and unknown risks, uncertainties and other factors that may cause the actual results of the company to be materially different from any results expressed or implied by such forward-looking statements, including without limitation creditor and Bankruptcy Court approval of the Plan and obtaining adequate exit financing. These and others are enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule. in further detail in the Company's Plan and Disclosure Statement filed with the Bankruptcy Court and the Company's Forms 10-Q and 10-K filed with the Securities and Exchange Commission. |
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