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June 13, 2013 /PRNewswire/ -- Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE: NTE) today announced the date of release of its second quarter results and payment of its quarterly dividend.
Second Quarter Results Nam Tai announced to release its second quarter financial results for the period ended
June 30, 2013 on
Monday, August 5, 2013 at
6:30 a.m. (EDT). Nam Tai had previously announced that it was planning to release its second quarter 2013 financial results on
Monday, July 29, 2013. In light of the recent complaint, the Company has elected to cease the oral discussion of its financial results following the release of its quarterly financial results, while continue to maintain its robust disclosure of material current events through press releases. This policy change is effective immediately and accordingly there will be no Company-hosted conference call following the release of Nam Tai's second quarter 2013 financial results.
Dividend Reminder The record date for the Company's third quarter cash dividend of
$0.15 per common share will be
June 28, 2013. The change is being made due to the fact that
June 30, 2013 is a Sunday. The dividend payment date will be
July 19, 2013.
FORWARD-LOOKING STATEMENTS AND FACTORS THAT COULD CAUSE OUR SHARE PRICE TO DECLINE Certain statements included in this press release other than statements of historicalfact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-lookingterminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "plan", "seek" or "believe". Theseforward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our futurefinancial performance based on our growth strategies and anticipated trends in our business. These statements are onlypredictions based on our current expectations about future events. There are important factors that could cause our actualresults, level of activity, performance, or achievements to differ materially from the results, level of activities, performance, orachievements expressed or implied by the forward-looking statements, including, but not limited to, a deterioration of themarkets for the Company's customers' products and the global economy as a whole, which could negatively impact theCompany's revenue and the ability of the Company's customers to confirm prior orders or pay for the Company's products; the Company's ability to successfully transition a part, if not all, of its business from electronic manufacturing to real estate development; thesufficiency of the Company's cash position and other sources of liquidity to operate its business; and the negative effects of increasedcompetition pressure on the Company's revenues and margins.. Inparticular, you should consider the risks outlined under the heading "Risk Factors" in our most recent Annual Report on Form 20-Fand in our Current Report filed from time to time on Form 6-K. Although we believe the expectations reflected in theforward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements.You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements applyonly as of the date of this press release and the subsequent investors conference call; as such, they should not be unduly reliedupon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to releasepublicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date ofthis release or those that might reflect the occurrence of unanticipated events.ABOUT NAM TAI ELECTRONICS, INC. We are an electronics manufacturing and design services provider to a select group of the world's leading OEMs of telecommunications, consumer electronic, medical and automotive products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD modules, image-sensor modules and FPCAs. These components are used in numerous electronic products, smartphones, tablets, automotive, laptop computers, digital cameras, electronic toys, handheld video game devices, and entertainment devices. We also manufacture finished products, including mobile phone accessories, home entertainment products and educational products. We assist our OEM customers in the design and development of their products and furnish full turnkey manufacturing services that utilize advanced manufacturing processes and production technologies.
Nam Tai Electronics, Inc. is a corporation registered in the
British Virgin Islands and listed on the New York Stock Exchange (Symbol "NTE"). All the Company's operations are located in
the People's Republic of China.
Please refer to the Nam Tai website (
www.namtai.com) or the SEC website (
www.sec.gov) for Nam Tai press releases and financial statements.
SOURCE Nam Tai Electronics, Inc.