MISSION WOODS, Kan., Aug. 23, 2012 (GLOBE NEWSWIRE) -- Layne Christensen Company (Nasdaq:LAYN) ("Layne" or the "Company") announced today that Chief Executive Officer Rene Robichaud will commemorate Layne's 130th anniversary by ringing the Opening Bell at The NASDAQ Stock Market on Thursday, August 30, 2012. Mr. Robichaud will be joined by members of Layne's executive team and Board of Directors.
Mr. Robichaud commented, "Our NASDAQ listing has been an important part of Layne's growth, and we are honored to ring the Opening Bell. Since our founding in 1882 as a regional water resource provider, Layne has grown and evolved into a global water management, construction, and drilling company. As we move ahead under our One Layne operating philosophy, we will continue to invent, propose, and deliver responsible solutions to the world's water, mineral and energy challenges."
In addition to being broadcast on national business television at 9:30 a.m. ET, the bell-ringing ceremony will be webcast live on NASDAQ's website and on the NASDAQ MarketSite® Tower in New York City's Times Square. Interested parties can go to www.nasdaq.com/about/marketsitetowervideo.asx beginning at 9:20 a.m. ET to view the closing ceremony. Viewers must have Windows Media Player to view the web cam.
Layne Christensen Company
Layne is a global solutions provider to the world of essential natural resources – water, mineral and energy. We offer innovative, sustainable products and services with an enduring commitment to safety, excellence, and integrity.
The Layne Christensen Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3466
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. Such statements may include, but are not limited to, statements of plans and objectives, statements of future economic performance and statements of assumptions underlying such statements, and statements of management's intentions, hopes, beliefs, expectations or predictions of the future. Forward-looking statements can often be identified by the use of forward-looking terminology, such as "should," "intended," "continue," "believe," "may," "hope," "anticipate," "goal," "forecast," "plan," "estimate" and similar words or phrases. Such statements are based on current expectations and are subject to certain risks, uncertainties and assumptions, including but not limited to: the outcome of the ongoing internal investigation into, among other things, the legality, under the FCPA and local laws, of certain payments to agents and other third parties interacting with government officials in certain countries in Africa relating to the payment of taxes and the importing of equipment (including any government enforcement action which could arise out of the matters under review or that the matters under review may have resulted in a higher dollar amount of payments or may have a greater financial or business impact than management currently anticipates), prevailing prices for various commodities, unanticipated slowdowns in the Company's major markets, the availability of credit, the risks and uncertainties normally incident to the construction industry and exploration for and development and production of oil and gas, the impact of competition, the effectiveness of operational changes expected to increase efficiency and productivity, worldwide economic and political conditions and foreign currency fluctuations that may affect worldwide results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those anticipated, estimated or projected. These forward-looking statements are made as of the date of this filing, and the Company assumes no obligation to update such forward-looking statements or to update the reasons why actual results could differ materially from those anticipated in such forward-looking statements.