Palm Harbor Homes Reports Fire at Burleson, Texas Plant.DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- Palm Harbor Homes, Inc. (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 : PHHM) today announced that the Company's plant in Burleson, Texas Burleson is a city located partially in Johnson County and partially in Tarrant County in Texas. It is considered a suburb of Fort Worth and is located in the rapidly growing suburban expanse just south of the City. As of the 2006, the population was 30,300, up from 20,976 in 2000. , was destroyed by a fire on December 2, 2006. An investigation is underway to determine the origin of the fire. Larry Keener, chairman and chief executive officer of Palm Harbor Homes, Inc., remarked, "We are very fortunate that this fire occurred on a week-end and no Palm Harbor employees were in the Burleson facility at the time of the incident. While the damage resulted in a total loss to the production facilities, there were no personal injuries sustained. To the extent possible, we intend to offer our Burleson employees positions at our other Texas plants. All of the production previously handled at Burleson will also move to other plants where we have the capacity to handle the additional work. We do not expect this to materially affect our current production schedules, and, more importantly, do not anticipate any long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. to our customers." Palm Harbor Homes is one of the nation's leading manufacturers and marketers of factory-built homes. The Company markets nationwide through vertically integrated operations, encompassing manufacturing, marketing, financing and insurance. For more information on the Company, please visit www.palmharbor.com. This press release contains projections and other 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. within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. A discussion of these factors is included in the Company's periodic reports filed with the Securities and Exchange Commission. |
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