Lund International Holdings, Inc. Announces Decision Not to Appeal American Stock Exchange Ruling
6 December 2000
Lund International Holdings, Inc. Announces Decision Not to Appeal American Stock Exchange RulingDULUTH, G.A., Dec. 6 Lund International Holdings, Inc. (OTC Bulletin Board: LUND) announced today that it has decided not to appeal the American Stock Exchange (the "Exchange") decision to deny the Company's application for listing on the Exchange. As previously disclosed in the Company's third quarter 10-Q, on November 8, 2000 the Company had been verbally notified by the Exchange of its decision to deny the Company's application. The Company received written confirmation from the Exchange of its decision in a letter dated December 1, 2000. The Company's securities remain listed and eligible to trade on the Nasdaq OTC Bulletin Board. Information on the Company's securities can be found on the web site http://www.pinksheets.com . This web site offers news and price quotes for OTC markets and securities. Lund International is a leading designer, manufacturer and marketer of a broad line of accessories for the automotive aftermarket. Its products are sold under the trade names "Lund(R)," "Deflecta-Shield(R)," "Deflecta-Shield(R)" Aluminum, "Autotron(TM)," "Belmor(R)," "Trail Master(R)," "Auto Ventshade(R)," and "Smittybilt(R)." The corporate headquarters are at 3700 Crestwood Pkwy NW, Suite 1000, Duluth, G.A. 30096. Statements in this press release relating to future or anticipated company operations or results are forward-looking statements made under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties which could cause results of operations to differ materially from those anticipated. Among the factors that could cause results of operations to differ materially are the following: inability to obtain expected efficiencies from acquisitions, or to obtain them in a timely manner; consumer preference changes; increased competition; general economic developments and trends; developments and trends in the light truck and automotive accessory market; sales of heavy trucks, which are cyclical; introduction of competitive new products by the Company and acceptance of those new products; increased cost and risks of expansion into new distribution channels. This is not an exhaustive list and the Company may supplement this list in future filings or releases or in connection with the making of forward-looking statements.