[Leica] Ilford press release

[kenlass at gate.net (Ken Lassiter)]

This was just released by Ilford USA

...Ken Lassiter


ILFORD IMAGING USA INC
OPEN FOR BUSINESS
AS ILFORD RESTRUCTURES BUSINESS WORLDWIDE
Paramus, NJ (August 25, 2004)-- The accounting firm Grant Thornton 
announced Monday the
appointment of partners Mark Byers, Malcolm Shierson and Les Ross as 
joint administrators of our UK
parent company Ilford Imaging Limited and joint administrative receivers 
of our UK affiliate Ilford
Imaging UK Limited.
The announcement pertains to those two UK companies alone. The Swiss 
business, including the
ILFORD production facility in Marly, is solvent and continues to conduct 
business as usual.
Similarly, Ilford Imaging USA Inc continues to do business as normal.
"The US entity is operating in a business-as-usual fashion, and is 
continuing to accept and deliver
on its orders as we evaluate how the changes at the UK companies might 
affect us", said Ward
Phillips, President of ILFORD Imaging USA Inc.
"We are taking every action and precaution to maintain ongoing 
operations with our customers. At
the same time, behind the scenes, we will be working with our related 
companies in the ILFORD
group to improve its performance and strengthen the outlook for the 
future", Phillips further stated.
The ILFORD group was founded in 1879 in the UK, and more recently it has 
developed into the
worlds leading supplier of dyes for inkjet photo printers and is the 
second largest manufacturer of
inkjet photo paper.