WASHINGTON, N.C., April 22, 2011 (GLOBE NEWSWIRE) -- Flanders Corporation (OTCQX:FLDR) announces its Board of Directors is undertaking a review of strategic alternatives with the objective of enhancing shareholder value. The Board of Directors has engaged Oppenheimer & Co. Inc. as its exclusive financial advisor in connection with this process.
There is no defined timeline for this strategic review and there can be no assurance that the review of strategic alternatives will result in any specific action. Flanders does not intend to comment further regarding the evaluation of strategic alternatives, unless a specific transaction or process is concluded, or it otherwise deems further disclosure is appropriate or required.
Flanders is a leading air filtration products manufacturer. Flanders' products are utilized by many industries, including those associated with commercial and residential heating, ventilation and air conditioning systems, semiconductor manufacturing, ultra-pure materials, biotechnology, pharmaceuticals, synthetics, nuclear power and nuclear materials processing.
For further information on Flanders and its products, visit its web site at http://www.flanderscorp.com or contact John Oakley at 252-946-8081.
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Safe Harbor Statement
This press release contains statements that are forward-looking statements within the meaning and subject to the protection of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations about future events. These statements are not guarantees of future events and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual events may differ materially from what is expressed in such forward-looking statements due to numerous factors. These include the uncertainties set forth in this press release regarding whether the review of strategic alternatives will result in any specific action or enhance shareholder value. Further information and risks regarding factors that could affect our business, operations, financial results or financial positions are discussed from time to time in our past SEC and current OTCQX filings. These statements speak only as of the date of this press release. We want to caution you not to place undue reliance on any forward-looking statements. Unless required by law, we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: John Oakley, President and CFO Flanders Corporation (252) 946-8081