ORLANDO, Fla., Sept. 14, 2010 (GLOBE NEWSWIRE) -- In view of the unusual market activity in the stock of The LGL Group, Inc. (NYSE Amex:LGL) (the "Company"), the NYSE Amex has contacted the Company in accordance with its usual practice. The Company stated that its policy is not to comment on unusual market activity or rumors.
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly owned subsidiary MtronPTI, manufactures and markets highly engineered electronic components used to control the frequency or timing of signals in electronic circuits. These devices are used extensively in infrastructure equipment for the telecommunications and network equipment industries. They are also used in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems. The Company has operations in Orlando, Florida, Yankton, South Dakota and Noida, India. MtronPTI also has sales offices in Hong Kong and Shanghai, China.
For more information on the Company and its products and services, contact R. LaDuane Clifton, Chief Accounting Officer, The LGL Group, Inc., 2525 Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit the Company's Web site: www.lglgroup.com.
The LGL Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7478
Caution Concerning Forward Looking Statements
Information included in this press release may contain forward-looking statements. Forward-looking statements are generally identifiable by use of words such as "expects," "anticipates," "estimates," "believes," or "intends" or the negative of these words or other variations on these words or comparable terminology, as they relate to future periods.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. As forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include national and global economic, business, competitive, market and regulatory conditions and the factors described under "Risk Factors" in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
CONTACT: The LGL Group, Inc. LaDuane Clifton (407) 298-2000 lclifton@lglgroup.com VJE Consultants Victor Emmanuel (914) 305-5198