About Enesco Group, Inc. In light of these risks and uncertainties, the
forward-looking statements
contained herein may not occur and actual
results could differ materially from those set forth herein
.----Enesco Group, Inc. With subsidiaries located in Europe and Canada, and a business
unit in Hong
Kong, Enesco's international distribution network is a
leader in the industry.
vanmark pipka
Business Editors
ITASCA, Ill. Such statements are
subject to various risks, uncertainties and other factors
, which could
cause actual results to vary materially from those anticipated,
estimated, expected
or projected. The Company's product lines include some of
the world's most recognizable brands, including
Heartwood Creek by Jim
Shore, Walt Disney Company, Walt Disney Classics Collection, Pooh +
Friends
, Nickelodeon, Bratz, Halcyon Days, Lilliput Lane and Border
Fine Arts, among others. Additional information
regarding forward-looking statement risk factors is contained in the
Company's reports and filings
with the Securities and Exchange
Commission.doulton cherished
A. The Company also advised Fleet of its need to renegotiate
its
financial covenants for May and June 2005 and possibly additional
months during the term of
it existing credit facility primarily
because of lower projected sales and lower gross margins during
the
same period.kindles doulton
hummels disneyana
"He has the proven
ability in structuring new businesses and managing turnaround
situations. Serving more than 40,000 customers globally,
Enesco distributes products to a wide
variety of specialty card and
gift retailers, home decor boutique as well as mass-market chains and
direct mail retailers. The Company has tried
to identify such forward-looking statements by use
of such words as
"expects," "intends," "anticipates," "could," "estimates," "plans,"
and "believes
," and similar expressions, but these words are not the
exclusive means of identifying such statements
.
Accordingly, you should not rely on these forward-looking statements
as a prediction of actual
future results.
dreamsicles zingle
Enesco Appoints Richard Blackburn to Board of Directors
doulton boyds
(NYSE:ENC
), a leader in the giftware, and home and garden decor
industries, today announced that the Company
's Board of Directors
appointed Richard W. Additional information
regarding forward-looking statement
risk factors is contained in the
Company's reports and filings with the Securities and Exchange
Commission
.Enesco Announces Credit Facility Covenant Default
Enesco anticipates beginning negotiations with
Fleet for
a waiver of the April 2005 covenant and revised financial covenants.snowbabies pipka
Enesco Group
, Inc. With subsidiaries located in Europe and Canada, and a business
unit in Hong Kong, Enesco's
international distribution network is a
leader in the industry.enesco.
Enesco Group, Inc.
krystonia snowbabies
Consistent with its negotiations with BABC since April 30,
2005, Enesco expects that the terms of
the prospective commitment
letter will be modified from those of the previously announced
commitment
.williraye cherished
com
This press release contains forward-looking statements that are
based on management's
current assumptions and beliefs and upon
information currently available to management.
Enesco
is seeking an extension of its previously announced
commitment letter which expired on April 30,
2005, with Fleet Capital
Corporation, operating as Bank of America Business Credit ("BABC"),
for
BABC to underwrite a new $100 million global senior revolving
credit facility which will replace
the Company's current credit
facility.zingle pipka
Previously, Blackburn was the
president and group executive
for NYNEX Worldwide Communications and
Media Group, vice president and general counsel for New England
Telephone, and attorney for American Telephone + Telegraph. Internationally, Enesco serves markets
operating in Europe, Canada, Australia, Mexico, Asia and the Pacific
Rim. Such statements are
subject to various risks, uncertainties and other factors, which could
cause actual results to
vary materially from those anticipated,
estimated, expected or projected.grondahl wdcc
Serving more than 40,000
customers globally,
Enesco distributes products to a wide variety of specialty card and
gift retailers
, home decor boutiques as well as mass-market chains and
direct mail retailers.com
This press
release contains forward-looking statements, which
reflect management's current assumptions and beliefs
and are based on
information currently available to management.
piglets stiers
is a world leader in
the giftware, and home and
garden decor industries. Further information is available on the
Company
's web site at www.herend krystonia
There is no assurance that Enesco will be successful in
obtaining an extension
or that financing will be obtained on the terms
of the commitment letter.renaker windstone
We are very pleased to
have a Director with this legal and
management expertise join our Board. In addition, the Company
operates
in a continually changing business environment and does not intend to
update or revise
the forward-looking statements contained herein,
which speak only as of the date hereof.ytc snowbabies
Business
Editors
ITASCA, Ill. Important factors that may cause
actual future events or results to differ
materially and adversely
from those described in the forward-looking statements include, but
are
not limited to: the Company's success in developing new products
and consumer reaction to the Company
's new products; the Company's
ability to secure, maintain and renew popular licenses, particularly
our licenses Cherished Teddies, Heartwood Creek and Disney; the
Company's ability to grow revenues
in mass and niche market channels;
the Company's ability to comply with covenants contained in its
credit
facility; the Company's ability to effectively transition to the
legacy information system;
changes in general economic conditions, as
well as specific market conditions; fluctuations in demand
for our
products; manufacturing lead times; the timing of orders and shipments
and our ability
to predict customer demands; inventory levels and
purchase commitments exceeding requirements based
upon incorrect
forecasts; collection of accounts receivable; changes in the
regulations and procedures
affecting the importation of goods into the
United States; changes in foreign exchange rates; price
and product
competition in the giftware industry; variations in sales channels,
product costs
or mix of products sold; and, possible future terrorist
attacks, epidemics, or acts of war.dreamsicles krystonia
Internationally
, Enesco serves markets
operating in Europe, Canada, Australia, Mexico, Asia and the Pacific
Rim
.vanmark doulton
----Enesco Group, Inc. Important factors that may cause
actual future events or results to differ
materially and adversely
from those described in the forward-looking statements include, but
are
not limited to: the Company's success in developing new products
and consumer reaction to the Company
's new products; the Company's
ability to secure, maintain and renew popular licenses, particularly
our licenses Cherished Teddies, Heartwood Creek and Disney; the
Company's ability to grow revenues
in mass and niche market channels;
the Company's ability to effectively transition to the legacy
information system; changes in general economic conditions, as well as
specific market conditions;
fluctuations in demand for our products;
manufacturing lead times; the timing of orders and shipments
and our
ability to predict customer demands; inventory levels and purchase
commitments exceeding
requirements based upon incorrect forecasts;
collection of accounts receivable; changes in the regulations
and
procedures affecting the importation of goods into the United States;
changes in foreign exchange
rates; price and product competition in
the giftware industry; variations in sales channels, product
costs or
mix of products sold; and, possible future terrorist attacks,
epidemics, or acts of war
.enesco.
Accordingly, you should not rely on these forward-looking statements
as a prediction of
actual future results.disneyana ytc
He joined Duke
Energy in 1999 and retired in 2004. that it was
not in compliance
with its minimum EBITDA covenant as of April 30,
2005, which was predominantly due to non-cash accruals
related to the
timing of the execution of Enesco's agreement with Precious Moments,
Inc.disneyana ytc
"
Blackburn
currently is the Chair of the Board of Advisors for
George Washington University Law School; is a
trustee at George
Washington University and at the Massachusetts Eye and Ear Infirmary
in Boston
. The Company has tried
to identify such forward-looking statements by use of such words as
"expects
," "intends," "anticipates," "could," "estimates," "plans,"
and "believes," and similar expressions
, but these words are not the
exclusive means of identifying such statements.lladro radko
(NYSE:ENC), a leader
in the giftware, and home and garden decor
industries, today announced that the Company has advised
Fleet
National Bank as agent under its existing United States credit
facility with Fleet National
Bank and LaSalle Bank N.
There is no assurance that the Company will be successful in obtaining
a
waiver or in negotiating revised covenants.renaker wdcc
Blackburn's
appointment became effective May 23, 2005
. is a world leader in the gift, and home and
garden decor industries. Further information is available
on the
Company's web site at www. In light of these risks and uncertainties, the
forward-looking
statements contained herein may not occur and actual
results could differ materially from those set
forth herein.doulton wdcc
In addition, the Company operates in a
continually changing business environment and
does not intend to
update or revise the forward-looking statements contained herein,
which speak
only as of the date hereof.
About Enesco Group, Inc.cherished vanmark
Blackburn as its newest Board member.
Blackburn
is the former executive vice president, general counsel
and chief administrative officer of Duke
Energy Corporation, where he
was responsible for the company's legal affairs, corporate planning
and strategy, external affairs, government relations, human resources,
ethics and compliance,
and market and brand strategy. The Company's product lines include some of
the world's most recognizable
brands, including Heartwood Creek by Jim
Shore, Walt Disney Company, Walt Disney Classics Collection
, Pooh +
Friends, Nickelodeon, Bratz, Halcyon Days, Lilliput Lane, and Border
Fine Arts, among
others.boyds wdcc
"Dick is a senior corporate officer with broad management and
legal experience, who has
a solid record of accomplishments in leading
major domestic and international corporations," said
Anne-Lee
Verville, chairman of Enesco's Board of Directors.kindles pipka
Working overtime to stay the Web's best reference!
-> Show SiteSeek's List of Web Sites For This Topic (Not Yet Peer Reviewed)
Loading...
(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)