Wellco Enterprises, Inc. Announces Extension of Contract Order Delivery Dates
08 February 2006 - 7:16AM
Business Wire
Wellco Enterprises, Inc. (AMEX:WLC) today announced that the U. S.
Department of Defense has extended the delivery dates on boot
orders under its contracts. The original delivery dates for boot
shipments in April through June 2006 have been extended to May
through August 2006. Wellco was informed that the Army's current
usage of boots is lower than the rate projected when the orders
were issued to Wellco. This is only an extension of the shipping
date. No orders or contracts have been cancelled. Wellco has
adjusted its production rate accordingly. CAUTIONARY STATEMENT
CONCERNING FORWARD-LOOKING INFORMATION Statements throughout this
report that are not historical facts are forward-looking
statements. These statements are based on current expectations and
beliefs, and involve numerous risks and uncertainties. Many factors
could affect the Company's actual results, causing results to
differ materially from those expressed in any such forward-looking
information. These factors include, but are not limited to, the
receipt of contracts from the U. S. government and the performance
thereunder; the ability to control costs under fixed price
contracts; the cancellation of contracts; and other risks detailed
from time to time in the Company's Securities and Exchange
Commission filings, including Form 10-K for the year ended July 2,
2005 and Form 10-Q for the fiscal quarter ended October 1, 2005.
Those statements include, but may not be limited to, all statements
regarding intent, beliefs, expectations, projections, forecasts,
and plans of the Company and its management. Actual results may
differ materially from management expectations. The Company assumes
no obligation to update any forward-looking statements.
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