Kid Brands, Inc. Announces Reliance on SEC Extension for Filing of Third Quarter Form 10-Q Due to Hurricane Sandy
EAST RUTHERFORD, NJ -- (Marketwire) -- 11/19/12 -- Kid Brands, Inc. (KID) today announced that, due to a loss of power and communications for an extended period of time caused by Hurricane Sandy, and in reliance upon relief provided by the Securities and Exchange Commission in an Exemptive Order, set forth in SEC Release No. 68224, dated November 14, 2012, the Company intends to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 (the "Q3 10-Q") after the market closes on November 20, 2012. The hurricane and its aftermath resulted in the closure of the Company's New Jersey corporate offices, during which communications were hampered, and the Company suffered from a lack of electricity, facilities and the availability of staff and professional advisors to complete the preparation of the Q3 10-Q. Kid Brands will also issue its press release for the third quarter 2012 before the market opens, and will hold a conference call webcast to discuss its results at 9:00 a.m. ET, on Wednesday, November 21, 2012.
Kid Brands, Inc.
Kid Brands, Inc. and its subsidiaries are leaders in the design, development and distribution of infant and juvenile branded products. Its design-led products are primarily distributed through mass market, baby super stores, specialty, food, drug, independent and e-commerce retailers worldwide.
The Company's current operating subsidiaries consist of: Kids Line, LLC; LaJobi, Inc; Sassy, Inc.; and CoCaLo, Inc. Through these wholly-owned subsidiaries, the Company designs, manufactures (through third parties) and markets branded infant and juvenile products in a number of complementary categories including, among others: infant bedding and related nursery accessories and décor, food preparation and nursery appliances, and diaper bags (Kids Line® and CoCaLo®); nursery furniture and related products (LaJobi®); and developmental toys and feeding, bath and baby care items with features that address the various stages of an infant's early years (Sassy®). In addition to the Company's branded products, the Company also markets certain categories of products under various licenses, including Carter's®, Disney®, Graco® and Serta®. Additional information about the Company is available at www.kidbrands.com.
Note: This press release contains certain forward-looking statements. Additional written and oral forward-looking statements may be made by the Company from time to time in Securities and Exchange Commission (SEC) filings and otherwise. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These forward-looking statements include statements that are predictive in nature and depend upon or refer to future events or conditions, and include, but are not limited to, information regarding the status and progress of our operating activities, the plans and objectives of our management and assumptions regarding our future performance, operating expenses, working capital needs, liquidity and capital requirements, business trends and competitiveness. Forward-looking statements include, but are not limited to, words such as "believe", "plan", "anticipate", "estimate", "project", "may", "planned", "potential", "should", "will", "would", "could", "might", "possible", "contemplate", "continue", "expect", "intend", "seek", or the negative of or other variations on these and other similar expressions. In addition, any statements concerning future financial performance, ongoing business strategies or prospects, and possible future actions, are also forward-looking statements. The Company cautions readers that results predicted by forward-looking statements, including, without limitation, those relating to our future business prospects, revenues, working capital, liquidity, capital needs, interest costs and income are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Specific risks and uncertainties include, but are not limited to, those set forth under Part I, Item 1A, Risk Factors, of the Company's most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, each as filed with the SEC. Forward-looking statements are also based on economic and market factors and the industry in which we do business, among other things. These statements are not guarantees of future performance. Forward-looking statements speak only as of the date the statements are made. Except as required under the federal securities laws and rules and regulations of the SEC, the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
AT THE COMPANY Marc S. Goldfarb Senior Vice President & General Counsel 201-405-2454 AT FTI CONSULTING Jennifer Milan / Daniel Haykin General Information 212-850-5600
Source: Kid Brands, Inc