Steel Partners Holdings Releases Annual Letter from Executive Chairman Warren Lichtenstein
"We have executed on our business simplification plan, and we are moving forward as one company, which operates on a decentralized basis, but shares corporate resources," said Lichtenstein. "During the past year, we continued our commitment to developing our people at all levels of the organization through our SteelGrow talent program, and in 2019, we will be reviewing a Competitive Improvement Plan (CIP) to see how we can gain further efficiencies. Since we have acquired and now operate many entities around the globe, our goal is to ensure that we have higher utilization at every facility and invest in new or consolidated facilities to support our customers and our continued growth. We are continuing to find new ways to use artificial intelligence for improving operational excellence, and we are finding new ways to use the technology to drive customer satisfaction and recruit future talent."
This press release contains certain "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, that
reflect SPLP's current expectations and projections about its future
results, performance, prospects and opportunities. SPLP has tried to
identify these forward-looking statements by using words such as "may,"
"should," "expect," "hope," "anticipate," "believe," "intend," "plan,"
"estimate" and similar expressions. These forward-looking statements are
based on information currently available to the Company and are subject
to a number of risks, uncertainties and other factors that could cause
its actual results, performance, prospects or opportunities in 2019 and
beyond to differ materially from those expressed in, or implied by,
these forward-looking statements. These factors include, without
limitation, SPLP's need for additional financing and the terms and
conditions of any financing that is consummated, customers' acceptance
of its new and existing products, the risk that the Company and its
subsidiaries will not be able to compete successfully, the possible
volatility of the Company's common or preferred unit price and the
potential fluctuation in its operating results. Although SPLP believes
that the expectations reflected in these forward-looking statements are
reasonable and achievable, such statements involve significant risks and
uncertainties, and no assurance can be given that the actual results
will be consistent with these forward-looking statements. Investors
should read carefully the factors described in the "Risk Factors"
section of the Company's filings with the
Investor: PondelWilkinson Inc.
Roger S. Pondel, (310) 279-5965