NEW YORK, March 2 /CNW/ -- Mercer International Inc.
("Mercer") today announces that on March 1, 2006 it completed a conversion to
a corporate form by merging into a wholly owned subsidiary, with the surviving
entity retaining the same name and the trading symbol MERC on the Nasdaq
National Market and MRI.U on the Toronto Stock Exchange. Trading of the
shares of the merged Washington company is expected to commence on the Nasdaq
National Market and the Toronto Stock Exchange as soon as such institutions
process the change in corporate form.
The conversion was approved at a shareholders' meeting held on February
17, 2006 by 99% of the shares voted at the meeting. Concurrently, our Lead
Director, Kenneth A. Shields, was also appointed Deputy Chairman. Mr. Jimmy
S.H. Lee, President and Chairman, stated: "We look forward to Ken's enhanced
participation in achieving our overall corporate goals."
Mercer intends to release its fourth quarter and full-year financial
results for the period ended December 31, 2005 after the close of Friday's
market. In conjunction with the release of its results, Mercer will host a
conference call, which will be simultaneously broadcast live over the
Internet. Jimmy S. H. Lee, Chairman and President, and David M. Gandossi,
Executive Vice President, Chief Financial Officer and Secretary, will host the
call on:
Monday, March 6, 2006
10:00 AM ET
9:00 AM CT
8:00 AM MT
7:00 AM PT
Listeners can access the conference call live, or archived through March
10, 2006, over the Internet at:
http://phx.corporate-ir.net/playerlink.zhtml?c=62074&s=wm&e=1195268
or through a link on the Company's News/Financial page at
http://www.mercerint.com/en/newsCurrent.cfm. Please allow 15 minutes prior to
the call to visit the sites and download and install any necessary audio
software.
Mercer International Inc. is a global pulp and paper manufacturing
company. Mercer operates three modern NBSK pulp mills in Germany and Canada
with a consolidated annual production capacity of approximately 1.3 million
tonnes.
The preceding includes forward looking statements which involve known and
unknown risks and uncertainties which may cause Mercer's actual results in
future periods to differ materially from forecasted results. Among those
factors which could cause actual results to differ materially are the
following: market conditions, competition, changes in regulatory procedures
and other risk factors listed from time to time in Mercer's SEC reports.
