DGI Investments Inc. Terminates Letter of Intent With JPE Inc.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(AutomotiveWire)--Nov. 2, 1998--JPE Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:JPEI) announced today that the previously announced letter of intent with DGI DGI Direction Générale des Impôts (French: Department of Revenue) DGI Dirección General Impositiva (Argentina) DGI Danske Gymnastik- & Idrætsforeninger (Denmark) DGI Drummond Group Inc. Investments Inc. has been terminated. DGI terminated the letter of intent with JPE JPE Journal of Political Economy JPE Jump If Parity Even JPE Journal of Private Equity JPE Joel Plaskett Emergency (Halifax, Nova Scotia band) JPE Japanese Pharmaceutical Excipients JPE Truncated JPEG file extension because DGI was unable to satisfy the conditions contained in the letter of intent. Donna L. Bacon, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of JPE, stated, "We are disappointed that the proposed transaction with DGI has failed, because we believed that it offered the potential to bring value to the company, its shareholders and its various other constituencies. We intend to continue to pursue a financial 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). of the company or the possible sale of our operating businesses. As we have stated previously, however, it is possible that our efforts will not yield sufficient proceeds to provide a recovery for our shareholders." The statements contained in this press release which are not historical facts are forward looking statements. The company's actual results may differ materially from those projected in its forward looking statements, including, but not limited to the cooperation from and continued funding by the company's and Plastic Trim's and Starboard Industries' respective lenders; and the timing of and proceeds from either the company's sale of its businesses or the adoption of a plan of reorganization. In addition, various factors discussed in the company's various reports filed with the Securities and Exchange Commission may affect such forward looking statements. |
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