Statement by International Aluminum Corporation -- Claims Against International Aluminum Are Without Merit
28 Febbraio 2006 - 2:03AM
Business Wire
Monterey Park, CA-based International Aluminum Corporation
(NYSE:IAL) today released the following statement in response to a
recent press release issued by Eppsteiner & Smith, LLP and
Milstein, Adelman & Kreger, LLP, two law firms representing the
plaintiffs in a pending lawsuit against IAL. As IAL has previously
reported, we believe the charges contained in litigation now before
the Solano County California Superior Court are without merit. The
Court has allowed the lawsuit to proceed as a class-action at this
time, but there has been no ruling by the Court on the merits of
any of plaintiffs' claims. IAL denies the allegations made by
plaintiffs and intends vigorously to contest their charges in the
legal proceedings. International Aluminum Corporation, founded and
incorporated in 1963, is an integrated building products
manufacturer of diversified lines of aluminum and vinyl products.
Its primary markets are focused towards three distinct product
lines: residential products consisting of broad lines of aluminum
and vinyl windows and doors; commercial products encompassing
state-of-the-art curtain walls, window walls, storefronts and other
commercial framing components and aluminum extruded products which
serve its residential and commercial products segments as well as a
diversified outside customer base. Caution Regarding
Forward-Looking Statements This news release contains
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934 relating to the exploration of
strategic and financial alternatives and enhancement of shareholder
value. There can be no assurance that this process will result in a
transaction by IAL or enhanced shareholder value. IAL disclaims any
intent or obligation to update these forward-looking statements
beyond the date of this release.
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