MISSION WOODS, Kan., March 25, 2013 (GLOBE NEWSWIRE) -- Layne Christensen Company (Nasdaq:LAYN) ("Layne" or the "Company") is pleased to announce its partnership with Water For People, a global non-profit that is dedicated to developing sustainable and reliable drinking water resources and sanitation facilities for communities in Africa, Asia, Central and South America.
As part of the strategic partnership, Layne will provide technical expertise to help Water For People establish best practices, as well as promote involvement among its employees for Water For People events in or near their work locations.
Ned Breslin, CEO of Water For People commented, "Our vision for the world is that everyone should have access to long term, reliable sources of clean water. In Layne, we have found a partner who shares our vision."
Layne President and CEO Rene Robichaud said, "Layne is honored to partner with Water For People to help combat the global water crisis. As the leading sustainable solutions provider to the world's natural resources, we look forward to sharing our 130 years of water management expertise to help Water For People build and develop sustainable drinking water and sanitation solutions for communities around the globe."
Layne Christensen Company
Layne is a global water management, construction and drilling company, providing responsible solutions to the world of essential natural resources — water, mineral and energy. We offer innovative, sustainable products and services with an enduring commitment to safety, excellence, and integrity.
About Water For People
Water For People is an international nonprofit organization dedicated to providing access to improved water and sanitation systems and services in developing countries. By working with local governments, the private sector, and partners, Water For People ensures that Everyone in a specific region has these basic needs met Forever. This innovative approach reaches every family, every school, and every clinic, catalyzing transformative change for better health and economic development to occur. Learn more at www.waterforpeople.org. Join us on Facebook and Twitter.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. Such statements may include, but are not limited to, statements of plans and objectives, statements of future economic performance and statements of assumptions underlying such statements, and statements of management's intentions, hopes, beliefs, expectations or predictions of the future. Forward-looking statements can often be identified by the use of forward-looking terminology, such as "should," "intended," "continue," "believe," "may," "hope," "anticipate," "goal," "forecast," "plan," "estimate" and similar words or phrases. Such statements are based on current expectations and are subject to certain risks, uncertainties and assumptions, including but not limited to: the outcome of the ongoing internal investigation into, among other things, the legality, under the FCPA and local laws, of certain payments to agents and other third parties interacting with government officials in certain countries in Africa relating to the payment of taxes and the importing of equipment (including any government enforcement action which could arise out of the matters under review or that the matters under review may have resulted in a higher dollar amount of payments or may have a greater financial or business impact than management currently anticipates), prevailing prices for various commodities, unanticipated slowdowns in the Company's major markets, the availability of credit, the risks and uncertainties normally incident to the construction industry, the impact of competition, the effectiveness of operational changes expected to increase efficiency and productivity, worldwide economic and political conditions and foreign currency fluctuations that may affect worldwide results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those anticipated, estimated or projected. These forward-looking statements are made as of the date of this filing, and the Company assumes no obligation to update such forward-looking statements or to update the reasons why actual results could differ materially from those anticipated in such forward-looking statements.