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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

LodgeNet Reaches Forbearance Agreement With Lenders

Stocks in this article: LNET

Special Note Regarding Forward-Looking Statement

Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements are subject to risks, uncertainties and other factors that could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, our ability to comply with terms of our forbearance agreement and Credit Facility; uncertainties relating to our ability to reduce room churn and stabilize revenues; the availability of capital to finance growth; and other factors detailed, from time to time, in our filings with the Securities and Exchange Commission. For any of the foregoing reasons, our anticipated results may not meet our expectations. These forward-looking statements speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. There can be no assurance that we will be able to negotiate an amendment to the Credit Facility or additional forbearances, that such amendment or forbearances will be on terms acceptable us, that we will be able to refinance the Credit Facility, or that we will be able to complete any strategic alternatives on satisfactory terms or at all.

 

SOURCE LodgeNet Interactive Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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