HOUSTON, Oct. 1, 2002 (PRIMEZONE) -- KMG Chemicals, Inc. (Nasdaq:KMGB) reports a correction to the news release issued on October 1, 2002, "Fiscal Fourth Quarter and 2002 Results."
The first footnote to the financial table should have read, "A $283 thousand gain on the sale of securities is included in EBITDA for the three and twelve months ended July 31, 2002."
KMG Chemicals, Inc., through its subsidiaries, produces and distributes specialty chemicals to carefully focused markets. The company grows by acquiring and managing stable chemical product lines and businesses with established production processes. Its wholly owned subsidiary, KMG Bernuth, Inc., is a global provider of wood preservation chemicals to the lumber treatment industry and herbicides to the agricultural industry. For more information, visit the company's web site at www.kmgchemicals.com.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.