Tefron Announces Filing on Form 20-F
MISGAV, Israel, April 14/PRNewswire-FirstCall/ -- Tefron Ltd. (NYSE:TFR; TASE:TFRN), a leading producer of seamless
intimate apparel and engineered-for-performance (EFP(TM)) active wear,
announced that on March 27, 2008 it had filed its Annual Report on Form 20-F
for the year ended December 31, 2007. A copy of the Annual Report on Form
20-F is available to be viewed or downloaded on the Company's website at
http://www.Tefron.com/financial.asp. In addition, Tefron's shareholders may
obtain, free of charge, a printed copy of Tefron's complete audited financial
statements by sending a request to the Company's General Counsel, Michal
Baumwald Oron (email: bomichal@tefron.com), or by calling +972-3-9230215.
About Tefron
Tefron manufactures boutique-quality everyday seamless intimate apparel,
active wear and swimwear sold throughout the world by such name-brand
marketers as Victoria's Secret, Nike, Target, The Gap, Banana Republic, J.C.
Penney, lululemon athletica Warnaco/Calvin Klein, Patagonia, Reebok, Dolce
and Gabbana, and El Corte Englese, as well as other well known retailers and
designer labels. The company's product line includes knitted briefs, bras,
tank tops, boxers, leggings, crop T-shirts, nightwear, bodysuits, swimwear,
beachwear and active-wear.
This press release contains certain forward-looking statements, within
the meaning of Section 27A of the US Securities Act of 1933, as amended,
Section 21E of the US Securities Exchange Act of 1934, as amended, and the
safe harbor provisions of the US Private Securities Litigation Reform Act of
1995, with respect to the Company's business, financial condition and results
of operations. We have based these forward-looking statements on our current
expectations and projections about future events.
Words such as "believe," "anticipate," "expect," "intend," "will,"
"plan," "could," "may," "project," "goal," "target," and similar expressions
often identify forward-looking statements but are not the only way we
identify these statements. Except for statements of historical fact contained
herein, the matters set forth in this press release regarding our future
performance, plans to increase revenues or margins and any statements
regarding other future events or future prospects are forward-looking
statements.
These forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those contemplated
in such forward-looking statements, including, but not limited to:
- our customers' continued purchase of our products in the same volumes
or on the same terms;
- the cyclical nature of the clothing retail industry and the ongoing
changes in fashion preferences;
- the competitive nature of the markets in which we operate, including
the ability of our competitors to enter into and compete in the seamless
market in which we operate;
- the potential adverse effect on our business resulting from our
international operations, including increased custom duties and import quotas
(e.g., in China, where we manufacture for our swimwear division).
- the potential adverse effect on our future operating efficiency
resulting from our expansion into new product lines with more complicated
products and different raw materials;
- the purchase of new equipment that may be necessary as a result of our
expansion into new product lines;
- our dependence on our suppliers for our machinery and the maintenance
of our machinery;
- the fluctuations costs of raw materials; our dependence on
subcontractors in connection with our manufacturing process;
- our failure to generate sufficient cash from our operations to pay our
debt;
- fluctuations in inflation and currency; and
- political, economic, social, climatic risks, associated with
international business and relating to operations in Israel;
as well as certain other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission. The Company
undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
Contacts
Company Contact:
Asaf Alperovitz
Chief Financial Officer
+972-4-9900803
Aasaf@Tefron.com
IR Contact:
Ehud Helft / Kenny Green
G.K. Investor Relations
+1-646-201-9246
info@gkir.com
Source: Tefron Ltd
Contacts: Company Contact: Asaf Alperovitz, Chief Financial Officer ,+972-4-9900803, Aasaf@Tefron.com; IR Contact: Ehud Helft / Kenny Green, G.K. Investor Relations, +1-646-201-9246, info@gkir.com
2008-04-14 19:55:04 0335499 PRNEWSWIRE