Danka Comments On Estimated Second Quarter Results.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Oct. 5, 1998--Danka Business Systems PLC (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 : DANKY) today announced, that based on information through August and preliminary indications for September, the Company expects revenue for its second quarter ending September 30, 1998 to be approximately five percent (5%) below last quarter's revenue and, as a result, the Company's second quarter earnings are expected to be adversely impacted and may create a loss in the second quarter. The Company expects to announce actual results for its second quarter in early November. The Company further announced that in the event the expected shortfalls The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. occur, the Company expects that it will likely become in noncompliance noncompliance failure of the owner to follow instructions, particularly in administering medication as prescribed; a cause of a less than expected response to treatment. noncompliance with certain covenants under its Credit Agreement. The Company has initiated discussions with the Agent Bank to address issues in connection with a potential violation of such covenants. Further, the Board of Directors will engage a financial advisor to evaluate strategic options going forward with the expectations of enhancing shareholder value. Danka Business Systems PLC, headquartered in London, England and St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. , is one of the world's largest independent suppliers of office equipment and related services, parts and supplies. Danka employs approximately 20,000 people and provides office products and services in more than 30 countries around the world. 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. Certain statements contained in this press release, including statements related to the Company's estimated revenue and earnings for the second quarter ending September 30, 1998 and the Company's Credit Agreement are forward looking, and contain information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company that is based on the beliefs of management as well as assumptions made by, and information currently available to, management. The words "goal", "expect", "believe" and similar expressions as they relate to the Company or the Company's management, are intended to identify forward- looking statements. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements, including the actual performance by the Company for the second quarter ending September 30, 1998. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or that arise after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . |
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