Somero Enterprises Inc.
21 November 2007
21 November 2007
THIS ANNOUNCEMENT MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED IN OR INTO THE
UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR TO US PERSONS (AS DEFINED IN
REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR TO RESIDENTS,
NATIONALS OR CITIZENS OF CANADA, JAPAN OR AUSTRALIA.
Somero Enterprises, Inc (R)
('Somero' or 'the Group')
International expansion continues with new offices opening in Dubai, China,
Germany and Spain
Somero Enterprises, Inc (R), the manufacturer of patented laser guided equipment
used for the spreading and levelling of high volumes of concrete for floors in
the construction industry, is pleased to announce the opening of new sales
offices in Dubai and in Germany, with a further two offices in Spain and
Shanghai in China scheduled to open before end December 2007.
In its interim results statement of 6 September 2007, Somero highlighted the
pace of its international growth to enhance the balance of its international and
North American operations. Research undertaken by the Company concluded that
the Middle East and China offered particularly attractive opportunities for
growth and as such, the Company announced it would focus on building a sales
presence in these and other new territories. The opening of these new offices
sees the Company delivering on that commitment.
Commenting on the Group's continuing expansion, Somero Chief Executive Officer,
Jack Cooney said:
'I am very pleased to report the excellent progress we are making in penetrating
new markets. We continue to invest in resources to enhance the balance of our
business reducing our exposure to any one geography. Meanwhile, we are also
benefiting from the continued robust demand for our equipment in North America.
Current trading is strong across the Group and I look forward to providing an
update on trading around the time of our financial year end of 31 December
2007.'
Enquiries:
Financial Dynamics +44 (0)20 7831 3113
Harriet Keen / Matt Dixon
Jefferies +44 (0)20 7968 8000
Charles Cameron / Nandan Shinkre
This announcement does not constitute or form part of any offer or invitation to
sell, or any solicitation of any offer to purchase, any securities of Somero
Enterprises, Inc. (the 'Company').
This announcement may not be released, published or distributed in or into the
United States, Canada, Japan or Australia or to US Persons (as defined in
Regulation S under the US Securities Act of 1933, as amended (the 'US Securities
Act')) or to residents, nationals or citizens of Canada, Japan or Australia.
The distribution of this announcement in certain other jurisdictions may also be
restricted by law and persons into whose possession this announcement or any
document or other information referred to herein comes should inform themselves
about and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction.
No securities of the Company have been registered under the US Securities Act.
No securities of the Company may be offered or sold in the United States or to
US persons (as defined in Regulation S under the US Securities Act) except
pursuant to an effective registration statement under the US Securities Act or
pursuant to an available exemption from the registration requirements under the
US Securities Act.
No securities of the Company have been registered under the applicable
securities laws of Australia, Canada or Japan and may not be offered or sold
within Australia, Canada or Japan or to, or for the account or benefit of
citizens or residents of Australia, Canada or Japan.
This information is provided by RNS
The company news service from the London Stock Exchange