In response to a press release/general solicitation by the class action
law firm, Levi & Korsinsky, LLP, Michael Lipscomb, President and Chief
Executive Officer of SIFCO Industries, Inc., stated, “This law firm’s
press release/solicitation identifies no grounds for an investigation of
SIFCO and we are not aware of any basis for such an investigation. We
believe this law firm’s solicitous action will not benefit SIFCO’S
shareholders. SIFCO shareholders are aware of the strong stock
performance and continued execution of the Company’s strategic vision.
We are confident that our shareholders will conclude that this
'investigation' is baseless and draw their own conclusions about the
motivation behind this law firm’s actions.”
About SIFCO Industries, Inc.
SIFCO Industries, Inc. (“Company”) is engaged in the production and sale
of a variety of metalworking processes, services and products produced
primarily to the specific design requirements of its customers. The
processes and services include forging, heat-treating, coating, welding,
and machining. The products include forged components (both conventional
and precision), machined forged parts and other machined metal
components. The Company’s operations are conducted in one business
segment: SIFCO Forged Components.
Forward-Looking Statements
Certain statements contained in this press release are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, such as statements relating to financial results and
plans for future business development activities, and are thus
prospective. Such forward-looking statements are subject to risks,
uncertainties and other factors, which could cause actual results to
differ materially from future results expressed or implied by such
forward-looking statements. Potential risks and uncertainties include,
but are not limited to, economic conditions, competition and other
uncertainties detailed from time to time in the Company’s Securities and
Exchange Commission filings.
Copyright Business Wire 2014