Empire District Electric Company Announces the Sale of MAPP.JOPLIN, Mo. -- The Empire District Electric Company (NYSE NYSE See: New York Stock Exchange : EDE E·de A city of western Nigeria northeast of Ibadan. A center of Yoruba culture, it is in a cocoa-growing region. Population: 248,000. ) announced today that its subsidiary, EDE Holdings, Inc., has sold its interests in Mid-America Precision Products (MAPP MAPP Motivational Appraisal of Personal Potential MAPP Mid-Continent Area Power Pool MAPP Mobilizing for Action through Planning and Partnerships (Palm Beach County Health Department) MAPP Model Approach to Partnerships in Parenting ) to other current owners. MAPP specializes in close tolerance custom manufacturing for the aerospace, electronics, telecommunications, and machinery industries. EDE Holdings acquired a controlling 50 percent interest in MAPP in July 2002. The sale is expected to contribute approximately $0.01 per share to EDE earnings in the current quarter. Based in Joplin, Missouri, The Empire District Electric Company (NYSE: EDE) is an investor-owned, regulated utility providing electricity, natural gas (through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. The Empire District Gas Company), and water service, with approximately 215,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. The Company also provides fiber optic, Internet, and customer information software services. Certain matters discussed in this press release are "forward-looking statements" intended to qualify for 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. from liability established by 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. Such statements address future plans, objectives, expectations, and events or conditions concerning various matters. Actual results in each case could differ materially from those currently anticipated in such statements, by reason of the factors noted in our filings with the SEC, including the most recent Form 10-K and Form 10-Q. |
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