ORLANDO, Fla., Jan. 5, 2010 (GLOBE NEWSWIRE) -- The LGL Group, Inc. (NYSE Amex:LGL) (the "Company") today announced that management will hold an investor conference call tomorrow, January 6, 2010 at 1:00 p.m. EST.
Presentation materials will be available on the LGL website today, January 5, at 3:00 p.m. EST: www.lglgroup.com.
Participants are invited to "attend" the online meeting using Conferencing Center LIVE; or access the conference call at (800) 862-9098 for domestic callers and (785) 424-1051 for international callers. The participant code is LGLGROUP.
To attend the event, participants are asked to click on the following link: Join the meeting. Participants may also copy and paste the following information into their web browser: http://www.livemeeting.com/cc/conferencingevent/join.
The meeting ID is: LGLGROUP; the entry code is: attend.
Management plans to discuss the Company's current business activities and strategy, as well as update investors on recent strategic discussions. "This call is intended to assist our shareholders to better understand the direction LGL is taking almost one year after the financial crisis began," said Greg Anderson, the Company's Chief Executive Officer. "The last 12 months have been challenging, but the Company has made several steps in executing the value-enhancing initiatives previously announced, including seeking joint venture opportunities."
"In the course of these activities, we recently received expressions of interest to acquire the Company," said Mr. Anderson. "These expressions of interest have come from unrelated parties with whom we have been discussing strategic alliances. Although no purchase offer has been made to date, we welcome these inquiries as they help to validate our business plan," he said. "Since there has been no purchase offer, we continue to focus our attention on the goal of restoring the Company to profitability."
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly owned subsidiary MtronPTI, manufactures and markets highly engineered electronic components used to control the frequency or timing of signals in electronic circuits. These devices are used extensively in infrastructure equipment for the telecommunications and network equipment industries. They are also used in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems. The Company has operations in Orlando, Florida, Yankton, South Dakota and Noida, India. MtronPTI also has a sales office in Hong Kong, China.
For more information on the Company and its products and services, contact Greg Anderson at The LGL Group, Inc., 2525 Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit the Company's Web site: www.lglgroup.com.
Caution Concerning Forward Looking Statements
This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in the Company's filings with the Securities and Exchange Commission.