LJ International Publicly-Traded Warrants to Expire
19 February 2005 - 12:45AM
PR Newswire (US)
LJ International Publicly-Traded Warrants to Expire HONG KONG and
LOS ANGELES, Calif., Feb. 18 /Xinhua-PRNewswire-FirstCall/ -- LJ
International, Inc. (LJI) (NASDAQ:JADE), one of the fastest-growing
jewelry companies in the world, today announced that it will not
extend the expiration date of its publicly-traded warrants. The
Company's warrants are currently traded on the Nasdaq National
Market under the symbol JADEW. The warrants will expire on April
15, 2005. The Company's public warrants have an exercise price of
$5.75 per share. These warrants were issued in conjunction with the
Company's initial public offering in 1998 and were extended once in
2003. The 1,679,000 outstanding warrants will expire by their own
terms unless exercised by 3:00 p.m., Denver, Colorado time, on
April 15, 2005. The Warrant Agent's current name and address is
Computershare Trust Company, Inc., 350 Indiana Street, Suite 800,
Golden, Colorado 80401. If you would like to be added to LJI's
investor email lists please contact Haris Tajyar with Investor
Relations International at . About LJ International LJ
International, Inc., (LJI) is a publicly-owned company, based in
Hong Kong and the U.S., engaged in designing, branding, marketing
and distributing a full range of fine jewelry. It has built its
global business, currently one of the fastest-growing in the
jewelry industry, on a vertical integration strategy and an
unwavering commitment to quality and service. LJI distributes to
fine jewelers, department stores, national jewelry chains and
electronic and specialty retailers throughout North America and
Western Europe, with a growing retail presence in China through
stores and e-shopping sites. Its product lines incorporate all
major categories sought by major retailers, including earrings,
necklaces, pendants, rings and bracelets. It trades on the NASDAQ
National Market under the symbol JADE. For more information on LJI,
go to its Web Site at http://www.ljintl.com/ . Forward looking
statement: Except for the historical information, the matters
discussed in this news release may contain forward-looking
statements, including, but not limited to, factors relating to
future sales. These forward-looking statements may involve a number
of risks and uncertainties. Actual results may vary significantly
based on a number of factors, including, but not limited to,
uncertainties in product demand, the impact of competitive products
and pricing, changing economic conditions around the world, release
and sales of new products and other risk factors detailed in the
company's most recent annual report and other filings with the
Securities and Exchange Commission. For further information: AT
LJI: Betty Ho Vice President, Corporate Development Tel:
+852-2170-0001 Email: AT INVESTOR RELATIONS INTL: Haris Tajyar
Managing Partner Tel: +1-818-382-9702 Email: DATASOURCE: LJ
International, Inc. CONTACT: Betty Ho of AT LJI, +852-2170-0001 or
, Haris Tajyar of AT INVESTOR RELATIONS INTL, +1-818-382-9702 or
Web site: http://www.ljintl.com/
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