Interface, Inc. To Change Its NASDAQ Ticker Symbol To "TILE"
ATLANTA, Jan. 14, 2013
ATLANTA, Jan. 14, 2013 /PRNewswire/ --Interface, Inc. (Nasdaq: IFSIA), a
worldwide carpet tile company and global leader in sustainability, today
announced that it will change its ticker symbol listed on NASDAQ to "TILE"
from "IFSIA". The change will become effective at the start of trading on
Friday, January 18, 2013.
To mark the occasion, Daniel T. Hendrix, Chairman and Chief Executive Officer,
will ring the Closing Bell at the NASDAQ MarketSite that day.
"We have now aligned our ticker symbol with our core strategic focus as the
global leader in carpet tile," said Mr. Hendrix. "For shareholders and
customers who know Interface, 'TILE' is a natural fit with our company and
overall strategy. We are also expanding the general definition for people who
might not yet be familiar with Interface or the association between 'TILE' and
carpet. Renaming the ticker symbol is another way we hope to create
additional awareness and recognition."
In recent years, Interface has made significant investments to expand its
presence in the carpet tile market in North America, Europe and Asia,
including the roll-out of 18 FLOR consumer stores across the United States and
Canada, and the opening of a manufacturing plant in China.
Interface, Inc. is the world's largest manufacturer of modular carpet, which
it markets under the Interface and FLOR brands. The Company is committed to
the goal of sustainability and doing business in ways that minimize the impact
on the environment while enhancing shareholder value.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
Except for historical information contained herein, the other matters set
forth in this news release are forward‑looking statements. The
forward-looking statements set forth above involve a number of risks and
uncertainties that could cause actual results to differ materially from any
such statement, including risks and uncertainties associated with economic
conditions in the commercial interiors industry as well as the risks and
uncertainties discussed under the heading "Risk Factors" included in Item 1A
of the Company's Annual Report on Form 10-K for the fiscal year ended January
1, 2012, which discussion is incorporated herein by this reference, including,
but not limited to, the discussion of specific risks and uncertainties under
the headings "The ongoing worldwide financial and credit crisis could have a
material adverse effect on our business, financial condition and results of
operations," "Sales of our principal products have been and may continue to be
affected by adverse economic cycles in the renovation and construction of
commercial and institutional buildings," "We compete with a large number of
manufacturers in the highly competitive commercial floorcovering products
market, and some of these competitors have greater financial resources than we
do," "Our success depends significantly upon the efforts, abilities and
continued service of our senior management executives and our principal design
consultant, and our loss of any of them could affect us adversely," "Our
substantial international operations are subject to various political,
economic and other uncertainties that could adversely affect our business
results, including by restrictive taxation or other government regulation and
by foreign currency fluctuations," "Concerns regarding the European sovereign
debt crisis and market perceptions about the instability of the euro, the
potential re-introduction of individual currencies within the Eurozone, or the
potential dissolution of the euro entirely, could adversely affect our
business, results of operations or financial condition," "Large increases in
the cost of petroleum-based raw materials could adversely affect us if we are
unable to pass these cost increases through to our customers," "Unanticipated
termination or interruption of any of our arrangements with our primary third
party suppliers of synthetic fiber could have a material adverse effect on
us," "We have a significant amount of indebtedness, which could have important
negative consequences to us," "The market price of our common stock has been
volatile and the value of your investment may decline," "Our earnings in a
future period could be adversely affected by non-cash adjustments to goodwill,
if a future test of goodwill assets indicates a material impairment of those
assets," and "Our Rights Agreement could discourage tender offers or other
transactions for our stock that could result in shareholders receiving a
premium over the market price for our stock." Any forward-looking statements
are made pursuant to the Private Securities Litigation Reform Act of 1995 and,
as such, speak only as of the date made. The Company assumes no
responsibility to update or revise forward-looking statements made in this
press release and cautions readers not to place undue reliance on any such
SOURCE Interface, Inc.
Contact: Daniel T. Hendrix, Chairman and Chief Executive Officer; or Patrick
C. Lynch, Senior Vice President and Chief Financial Officer, +1-770-437-6800;
or FTI Consulting, Inc., Eric Boyriven, or Matt Steinberg, +1-212-850-5600
Press spacebar to pause and continue. Press esc to stop.