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TAB Products Co. Receives Income Tax Refund of $4.5 Million.

VERNON HILLS, Ill., July 16 /PRNewswire/ --

TAB Products Co. (Amex: TBP), announced today that it had received an income tax refund of $4.5 million in connection with the expedited filing of the fiscal year 2001 federal tax return. Company sources stated that the refund contributed to the total cash on hand which now represents over $2.25 per share. The amount of the refund is consistent with the estimate provided in the Company's fourth quarter earnings release dated June 27, 2001.

TAB Products Co. is a leading document management company specializing in the re-engineering of the records management process. The Company provides efficient solutions that enable its customers to better organize, control and find their critical documents. TAB leverages its knowledge of paper-based systems with expertise in emerging digital document management technologies. Currently headquartered in Vernon Hills, Illinois, TAB employs over 800 people with offices in the United States, Canada, Europe and Australia. With over 50 years of experience in document management, TAB serves customers in a variety of industries including Finance, Healthcare, Government and Insurance. Additional information can be found at www.tab.com.

The information contained in this press release includes forward-looking statements and financial projections that involve risks and uncertainties. You can identify forward-looking statements by terminology such as "may," "intends," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "forecasts," "projections," "potential," or "continue," or the negative of these terms and other comparable terminology. These statements and financial projections are only predictions. Actual results could differ materially from those anticipated in these forward-looking statements and financial projections as a result of a number of factors, including fluctuations in demand or market acceptance for the Company's products and services, changes in current economic conditions, availability and retention of qualified sales personnel, unanticipated increases in the cost of product components, our ability to use manufacturing assets efficiently, inability to attain forecasted cost reductions, pricing trends, increased competition, product mix, availability of product components, and the risk factors described in Tab's periodic filings with the Securities and Exchange Commission. Tab is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements or financial projections whether as a result of new information, future events or otherwise. Before making an investment decision concerning Tab securities, you should take into account that the occurrence of the events described in Tab's risk factors, as set forth in Tab's periodic filings with the Securities and Exchange Commission, could harm its business, operating results, and financial condition.

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Publication:PR Newswire
Geographic Code:1USA
Date:Jul 16, 2001
Words:430
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