INDIANAPOLIS, July 3 /PRNewswire-FirstCall/ -- The Finish Line, Inc. , the Indianapolis-based specialty athletic retailer, today announced that the Company has closed its transaction with Man Alive Acquisitions, LLC ("MA"), an entity controlled by Jimmy Khezrie, the owner and operator of Jimmy Jazz stores. Finish Line had previously announced plans to exit the Man Alive business on June 22, 2009.
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Historical pro forma financial information will be available on a Form 8-K to be filed next week with the Securities and Exchange Commission.
Forward-Looking Statements
Certain statements contained in this press release regard matters that are not historical facts and are forward-looking statements (as such term is defined in the rules promulgated pursuant to the Securities Act of 1933, as amended). Because such forward-looking statements contain risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements.
Factors relating to the transaction transferring Man Alive to MA that could cause actual results to differ materially include, but are not limited to: the failure of the buyer to discharge its post-closing liabilities under the leases it is assuming from Man Alive since such event could result in certain liabilities remaining with the Company.
Other factors that could cause results of the Company to differ materially include, but are not limited to: changing consumer preferences; the Company's inability to successfully market its footwear, apparel, accessories and other merchandise; price, product and other competition from other retailers (including internet and direct manufacturer sales); the unavailability of products; the inability to locate and obtain favorable lease terms for the Company's stores; the loss of key employees; the effect of economic conditions including conditions resulting from the current turmoil in the financial services industry, depressed demand in the housing market and unemployment rates; management of growth, the outcome of litigation, and the other risks detailed in the Company's Securities and Exchange Commission filings.
The Company undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Finish Line
The Finish Line, Inc. is one of the largest mall-based specialty retailers. The Finish Line, Inc. is publicly traded on the NASDAQ Global Select Market under the symbol FINL. The Company operates 684 Finish Line stores in 47 states and online. To learn more about Finish Line, visit http://www.finishline.com/.
Contacts Investor Relations: Edward W. Wilhelm, (317) 899-1022 ext. 6914 Executive Vice President - Chief Financial Officer The Finish Line, Inc., Indianapolis Media Requests: Elise Hasbrook, (317) 899-1022 ext. 6827 Corporate Communications Manager The Finish Line, Inc., Indianapolis
The Finish Line, Inc.
CONTACT: Investor Relations, Edward W. Wilhelm, Executive Vice President
- Chief Financial Officer, +1-317-899-1022 ext. 6914, or Media Requests, Elise
Hasbrook, Corporate Communications Manager, +1-317-899-1022 ext. 6827, both of
The Finish Line, Inc.
Web Site: http://www.finishline.com/
