Planar Systems, Inc. (NASDAQ:PLNR), a global leader in
display and digital signage technology, has engaged Liolios Group to
lead a new strategic investor relations and financial communications
program.
“In order to drive long-term growth and profitability, over the last
year we have transitioned Planar to better address higher-growth end
markets like digital signage,” said the company’s president and CEO,
Gerry Perkel. “Our success with the strategy was reflected in a 53%
increase in sales of our digital signage products in Q3 2014 when
compared with the same quarter of fiscal 2013, along with expanding
gross margins. As a result of the strong third quarter, coupled with a
favorable outlook for the fourth quarter, we recently increased
our estimates for revenue and non-GAAP EPS for the full year.”
“In light of this progress and positive momentum, we believe our
shareholders would benefit from a team of experienced investor relations
professionals that would help us strengthen communications with
investors and increase awareness of our story in the financial
community,” continued Perkel. “Liolios Group brings a solid track record
of helping growth companies like ours enhance shareholder value by
delivering the right message to the right audience, and building
high-quality, long-term relationships in the investment community.”
Liolios Group will work closely with Planar management to develop and
deploy a comprehensive capital markets strategy and campaign. The
campaign will include effective messaging and corporate positioning, as
well as introductions to investors and key influencers in the financial
community. It will also include scheduling road shows and financial
conferences for management over the next several months.
For additional information about Planar, contact Matt Glover or Michael
Koehler at 949-574-3860 or PLNR@liolios.com.
About Planar
Planar Systems, Inc. (NASDAQ: PLNR) is a global leader in display and
digital signage technology, providing premier solutions for the world’s
most demanding environments. Retailers, educational institutions,
government agencies, businesses, utilities and energy firms, and home
theater enthusiasts all depend on Planar to provide superior performance
when image experience is of the highest importance. Planar video walls,
large format LCD displays, interactive touch screen monitors and many
other solutions are used by the world’s leading organizations in
applications ranging from digital signage to simulation and from
interactive kiosks to large-scale data visualization. Founded in 1983,
Planar is headquartered in Oregon, USA, with offices, manufacturing
partners and customers worldwide. For more information, visit www.planar.com.
Important Cautions Regarding Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform
Act of 1995: This release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
relating to Planar’s business operations and prospects, including
statements relating to the Company’s expected revenue range and non-GAAP
income per share range for fiscal 2014. These statements are made
pursuant to the safe harbor provisions of the federal securities laws.
These and other forward-looking statements, which may be identified by
the inclusion of words such as “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” “goal” and variations of such
words and other similar expressions, are based on current expectations,
estimates, assumptions and projections that are subject to change, and
actual results may differ materially from the forward-looking
statements. These statements are not guarantees of future performance
and involve certain risks and uncertainties that are difficult to
predict. Many factors, including the following, could cause actual
results to differ materially from the forward-looking statements: poor
or weakened domestic and international business and economic conditions;
changes or reductions in the demand for products in the various display
markets served by the Company; any delay in the timing of customer
orders or the Company’s ability to ship product upon receipt of a
customer order; the extent and timing of any additional expenditures by
the Company to address business growth opportunities; any inability to
reduce costs or to do so quickly enough, in either case, in response to
reductions in revenue; adverse impacts on the Company or its operations
relating to or arising from any inability to fund desired expenditures,
including due to difficulties in obtaining necessary financing; changes
in the flat-panel monitor industry; changes in customer demand or
ordering patterns; changes in the competitive environment including
pricing pressures, increased commoditization or the ability to keep pace
with technological changes; technological advances; shortages of
manufacturing capacity from the Company’s third-party manufacturing
partners or other interruptions in the supply of components the Company
incorporates in its finished goods including as a result of natural
disasters; future production variables resulting in excess inventory and
other risk factors listed from time to time in the Company’s periodic
filings with the Securities and Exchange Commission (SEC). The
forward-looking statements contained in this press release speak only as
of the date on which they are made, and the Company does not undertake
any obligation to update any forward-looking statement to reflect events
or circumstances after the date of this press release.
Copyright Business Wire 2014