ARLINGTON, Tenn.--(Business Wire)--Wright Medical Group, Inc. (NASDAQ: WMGI), a global orthopaedic
medical device company specializing in the design, manufacture and
marketing of reconstructive joint devices and biologics, announced
that it received today a subpoena from the U.S. Department of Justice
through the U.S. Attorney for the District of New Jersey requesting
documents for the period January 1998 through the present related to
any consulting and professional service agreements with orthopaedic
surgeons in connection with hip or knee joint replacement procedures
or products. Wright intends to fully cooperate with the Department of
Justice request. The Company cannot estimate what, if any, impact this
inquiry and any results from this inquiry could have on the Company's
current or future operating results, including the 2008 and 2009
financial outlook as communicated earlier today.
Safe-Harbor Statement
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements made in this press release, other than statements of
historical fact, are forward-looking statements. Forward-looking
statements reflect management's current knowledge, assumptions,
beliefs, estimates, and expectations and express management's current
views of future performance, results, and trends and may be identified
by their use of terms such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "predict," "project,"
"will," and other similar terms. The Company wishes to caution readers
that actual results might differ materially from those described in
the forward-looking statements. Forward-looking statements are subject
to a number of risks and uncertainties, including the factors
discussed in the Company's filings with the Securities and Exchange
Commission (including the Company's annual report on Form 10-K for the
year ended December 31, 2006, under the heading, "Risk Factors" and
its quarterly reports), which could cause the Company's actual results
to materially differ from those described in the forward-looking
statements. Although the Company believes that the forward-looking
statements are accurate, there can be no assurance that any
forward-looking statement will prove to be accurate. A forward-looking
statement should not be regarded as a representation by the Company
that the results described therein will be achieved. The Company
wishes to caution readers not to place undue reliance on any
forward-looking statement. The forward-looking statements are made as
of the date of this press release. The Company assumes no obligation
to update any forward-looking statement after this date.
Wright Medical Group, Inc. is a global orthopaedic medical device
company specializing in the design, manufacture and marketing of
reconstructive joint devices and biologics. The Company has been in
business for more than 50 years and markets its products in over 60
countries worldwide. For more information about Wright Medical, visit
the Company's website at www.wmt.com.
Wright Medical Group, Inc.
John K. Bakewell, 901-867-4527
Copyright Business Wire 2007
