Herley Industries, Inc. Announces a News Conference
LANCASTER, Pa., July 10 /PRNewswire-FirstCall/ -- Herley Industries, Inc.
(Nasdaq: HRLY) announced that it will host a News Conference on July 22, 2009
in New York City.
Myron Levy, Chairman and CEO stated, "We have previously advised our
shareholders that Herley's Board of Directors was reviewing strategic
alternatives to enhance shareholder value. The Board of Directors has
undertaken a comprehensive review of the Company and is considering a new
direction which it believes can cause the company to achieve sustained growth
and increased profitability.
By the date of the conference, the Board will have completed its review and
will share its decisions with interested parties. Interested parties are
encouraged to listen to the simultaneous webcast of the event at 4:30 PM on
July 22, 2009 over the Internet through this URL:
http://www.videonewswire.com/event.asp?id=60271
To listen to the live webcast, please go to the Web site at least fifteen
minutes prior to the start of the webcast to register, download, and install
any necessary audio software. For those who are not available to listen to the
live broadcast, a replay will be available shortly after the conference on the
site and will be available for seven days.
Herley Industries, Inc. is a leader in the design, development and manufacture
of microwave technology solutions for the defense, aerospace and medical
industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing
locations and approximately 1000 employees. Additional information about the
company can be found on the Internet at www.herley.com.
For information at Herley contact: Tel: (717) 735-8117
Peg Guzzetti www.herley.com
Investor Relations
Safe Harbor Statement - Except for the historical information contained
herein, this release may contain forward-looking statements. Such statements
are inherently subject to risks and uncertainties. Forward-looking statements
involve various important assumptions, risks, uncertainties and other factors
which could cause our actual results to differ materially from those expressed
in such forward-looking statements. Forward-looking statements in this
discussion can be identified by words such as "anticipate," "believe,"
"could," "estimate," "expect," "plan," "intend," "may," "should" or the
negative of these terms or similar expressions. Although we believe that the
expectations reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, performance or achievement. Actual results
could differ materially from those contemplated by the forward-looking
statements as a result of certain factors including but not limited to,
competitive factors and pricing pressures, changes in legal and regulatory
requirements, cancellation or deferral of customer orders, technological
change or difficulties, difficulties in the timely development of new
products, difficulties in manufacturing, commercialization and trade
difficulties and current economic conditions, including the potential for
significant changes in US defense spending under the new Administration which
could affect future funding of programs and allocations within the budget to
various programs as well as the factors set forth in this report and in our
public filings with the Securities and Exchange Commission.
SOURCE Herley Industries, Inc.
Peg Guzzetti, Investor Relations of Herley Industries, Inc., +1-717-735-8117
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