Movie Star, Inc. Reports Results of Annual Shareholders Meeting.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Movie Star, Inc. (AMEX AMEX See: American Stock Exchange :MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. ) today announced that all matters presented to its shareholders at today's annual meeting were approved. All directors nominated were re-elected. These directors included Melvyn Knigin, Chairman and Chief Executive Officer, Saul Pomerantz, Thomas Rende, Michael Salberg, Joel Simon, Peter Cole and John Eisel. In addition, Mahoney Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. & Company was approved as the independent auditors for fiscal 2006. Finally, shareholders approved the proposal to amend the Company's charter to limit the liability of directors as provided by New York law. In his remarks to shareholders, Mel Knigin stated: "The disruption caused by hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. is behind us and our facility in
Mississippi is fully operational again. If we control our costs as
expected, based upon orders in hand and expected shipments through the
calendar year end, we believe we will record a profit for the first half
of fiscal 2006. However, our visibility for the second half is not clear
and we cannot predict our results for the full year at this time."
MOVIE STAR, INC. produces and sells ladies apparel, including sleepwear, robes, leisurewear lei·sure·wear n. Informal, comfortable clothing designed for wear during times of rest and relaxation. , and daywear day·wear n. Attire that is appropriate for use during the day. . Current collections include the Cinema Etoile premium line of intimate apparel and the Movie Star line of apparel sold as private label programs. Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions and growth in the industry; general economic conditions; addition or loss of significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign rates; rising costs for raw materials and the unavailability of sources of supply; the timing of orders booked; and the risk factors listed from time to time in the Company's SEC reports. |
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