Grupo Elektra Press Release
16 July 2005 - 12:41PM
PR Newswire (US)
Grupo Elektra Press Release MEXICO CITY, July 15
/PRNewswire-FirstCall/ -- Grupo Elektra S.A. de C.V. ("The
Company"; BMV: ELEKTRA*; NYSE: EKT; Latibex: XEKT), Latin America's
leading specialty retailer, consumer finance and banking and
financial services company announced today it furnished to the U.S.
Securities and Exchange Commission (SEC) on Form 6-K an English
translation of its Spanish- language, Mexican Annual Report for the
fiscal year ended December 31, 2004. As was previously announced,
on June 30, 2005, the company filed its Mexican Annual Report for
2004 with the Mexican National Securities and Banking Commission as
required by Mexican law. That report includes Grupo Elektra's
audited consolidated financial statements for the three fiscal
years ended December 31, 2004, which were prepared in accordance
with Mexican GAAP and certified by the company's independent
auditors Castillo Miranda y Compania, S.C. On July 1, 2005, the
company announced that, pursuant to Rule 12b-25, it had filed with
the SEC a notice of late filing of its Annual Report on Form 20-F
for the fiscal year ended December 31, 2004. The company noted
today that the preparation of its 2004 Form 20-F continues to be
delayed and that it cannot reasonably estimate when it will be in a
position to file its Form 20-F with the SEC. Except for historical
information, the matters discussed in this press release are
forward-looking statements and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those projected. Risks that may affect Grupo Elektra are
identified in its Form 20-F and other filings with the US
Securities and Exchange Commission. Grupo Elektra is Latin
America's leading specialty retailer, consumer finance and banking
services company. Grupo Elektra sells retail goods and services
through its Elektra, Salinas y Rocha, Bodega de Remates and
Elektricity stores and over the Internet. The Group operates more
than 1,000 stores in Mexico, Guatemala, Honduras and Peru. Grupo
Elektra also sells and markets its consumer finance, banking and
financial products and services through its more than 1,440 Banco
Azteca branches located within its stores, as a stand-alone, and in
other channels in Mexico and Panama. Banking and financial services
include consumer credit, personal loans, money transfers, extended
warranties, savings accounts, term deposits, pension-fund
management and insurance. Contact: Esteban Galindez, CFA Director
of Finance and I.R. Grupo Elektra S.A. de C.V. Tel. +52 (55)
1720-7819 Fax. +52 (55) 1720-7822 DATASOURCE: Grupo Elektra S.A. de
C.V. CONTACT: Esteban Galindez, CFA, Director of Finance and I.R.
of Grupo Elektra S.A. de C.V., +52-55-1720-7819, Fax,
+52-55-1720-7822, Web site: http://www.grupoelektra.com.mx/
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