Charles
& Colvard, Ltd. (NASDAQ:CTHR), the original and leading
worldwide source of created Moissanite, The World’s Most Brilliant Gem®,
will host an investor conference call to discuss its financial results
for the first quarter of 2016 at 4:30 p.m. EDT on Thursday, April 28,
2016. The Company will release its financial results after market close
the same day.
Investor Conference Call
Shareholders and other interested parties may participate in the
upcoming investor conference call by dialing 844-875-6912
(international/local participants dial 412-317-6708) and asking to be
connected to the “Charles & Colvard, Ltd. Conference Call” a few minutes
before 4:30 p.m. EDT on Thursday, April 28, 2016. The call will also be
broadcast live on the Internet at https://www.webcaster4.com/Webcast/Page/346/14358.
The conference call will be archived for review on the Internet at https://www.webcaster4.com/Webcast/Page/346/14358
and on the Company’s website at http://www.charlesandcolvard.com/investor-relations/events
until Thursday, May 12, 2016.
About Charles & Colvard, Ltd.
Charles & Colvard, Ltd., based in the Research Triangle Park area of
North Carolina, is the world’s only source of Forever Classic™, Forever
Brilliant®, and Forever One™ moissanite gemstones, which
surpass the fire and brilliance of diamonds. Moissanite is unique,
available in three color grades (colorless, near-colorless, and faint
color), and created from silicon carbide (SiC) crystals for fine
jewelry. Charles & Colvard Created Moissanite® is sold
with a Certificate of Authenticity and Limited Lifetime Warranty to
wholesale distributors, manufacturers, retailers, TV shopping networks,
and designers as loose stones or set in a wide variety of quality metal
setting options. Charles & Colvard, Ltd. also sells direct to consumers
through its wholly owned operating subsidiary, Moissanite.com,
LLC. Charles & Colvard, Ltd.’s common stock is listed on the NASDAQ
Global Select Market under the symbol “CTHR.” For more information,
please visit www.charlesandcolvard.com.
Forward-Looking Statement
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Statements expressing expectations regarding our future and projections
relating to products, sales, revenues, and earnings are typical of such
statements and are made under the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about our plans, objectives, representations, and
contentions and are not historical facts and typically are identified by
use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,”
“anticipate,” “believe,” “estimate,” “predict,” “continue,” and similar
words, although some forward-looking statements are expressed
differently.
All forward-looking statements are subject to the risks and
uncertainties inherent in predicting the future. You should be aware
that although the forward-looking statements included herein represent
management’s current judgment and expectations, our actual results may
differ materially from those projected, stated, or implied in these
forward-looking statements as a result of many factors including, but
not limited to, our dependence on consumer acceptance and growth of
sales of our products resulting from our strategic initiatives;
dependence on a limited number of customers; the impact of the execution
of our business plans on our liquidity; our ability to fulfill orders on
a timely basis; the financial condition of our major customers and their
willingness and ability to market our products; dependence on Cree, Inc.
as the sole supplier of the raw material; intense competition in the
worldwide jewelry industry; our ability to successfully manage the
transition of our President and Chief Executive Officer and other
organizational change; our ability to maintain compliance with the
continued listing requirements of The Nasdaq Stock Market LLC; our
current wholesale customers’ potential perception of us as a competitor
in the finished jewelry business; quality control challenges from time
to time that can result in lost revenue and harm to our brands and
reputation; general economic and market conditions; risks of conducting
business in foreign countries; the pricing of precious metals, which is
beyond our control; the potential impact of seasonality on our business;
our ability to protect our intellectual property; the risk of a failure
of our information technology infrastructure to protect confidential
information and prevent security breaches; the impact of significant
changes in e-commerce opportunities, technology, or model; the failure
to evaluate and integrate strategic opportunities; possible adverse
effects of governmental regulation and oversight; and the impact of
anti-takeover provisions included in our charter documents, in addition
to the other risks and uncertainties described in our filings with the
Securities and Exchange Commission, or the SEC, including our Annual
Report on Form 10-K for the fiscal year ended December 31, 2015 and
subsequent reports filed with the SEC. Forward-looking statements speak
only as of the date they are made. We undertake no obligation to update
or revise such statements to reflect new circumstances or unanticipated
events as they occur except as required by the federal securities laws,
and you are urged to review and consider disclosures that we make in the
reports that we file with the SEC that discuss other factors relevant to
our business.
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