Goebel of North America Supports Goebel Germany Restructuring Effort

Wed Jun 18, 2008 9:57am EDT

* Reuters is not responsible for the content in this press release.

PENNINGTON, N.J., June 18 /PRNewswire/ -- Goebel Germany has recently
announced that it will discontinue production of M.I. Hummel figurines and
focus its resources on the company's home accessory brands.
    "Goebel of North America (GNA) is committed in its support of Goebel
Germany as they embark on the recently announced production restructuring.
Despite current global economic pressures, GNA's business has remained stable
and we are confident in the outlook for the second half of 2008.  GNA will
collaborate with Goebel Germany to implement a strategic plan that will best
serve the North American market and all its stakeholders.  We remain confident
that the M.I. Hummel brand will emerge from this restructuring significantly
stronger," said Goebel of North America President Philip Ferrigno.
    Goebel is best known as the creator of M.I. Hummel figurines, renowned
collectible works of art depicting Bavarian country children.  The firm
creates other fine giftware and collectible lines including Goebel Gifts,
Artis Orbis, and Rosina Wachtmeister Cats. Goebel of North America is located
at Goebel Plaza, 73 Route 31 North, Pennington, NJ 08534.  For more
information on M.I. Hummel or Goebel products, call 1-800-666-2582; or visit
www.mihummel.com .
SOURCE  Goebel of North America

Carrie Kulak of Goebel of North America, +1-800-666-2582
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