The Company will be subject to a 12-month follow-up period to
ensure that it remains in compliance with the NYSE's continued
listing standards as well as being subject to its normal monitoring
procedures.
"We are pleased to have successfully completed this process
and removed this uncertainty regarding our stock trading," said
John B. Schulze, Chairman, President and Chief Executive Officer. "The
NYSE financial compliance staff was very supportive, and we appreciate
the cooperation extended to us."
Lamson & Sessions is a leading producer of
thermoplastic enclosures, fittings, wiring outlet boxes and
conduit for the
electrical, telecommunications, consumer, power and wastewater
markets. For additional information, please visit our Web site
at: www.lamson-sessions.com .
This press release contains forward-looking statements that involve
risks and uncertainties within the meaning of the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from those expected as a result of a variety of factors, such
as: (i) the volatility of resin pricing, (ii) the ability of the
Company to pass through raw material cost increases to its customers,
(iii) maintaining a stable level of housing starts, telecommunications
infrastructure spending, consumer confidence and general construction
trends, (iv) the continued availability and reasonable terms of
bank financing, and (v) any adverse change in the recovery trend
of the country's general economic condition affecting the markets
for the Company's products. Because forward-looking statements
are based on a number of beliefs, estimates and assumptions by
management that could ultimately prove to be inaccurate, there
is no assurance that any forward-looking statement will prove
to be accurate.