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Old September 24th 03, 04:43 AM
Crazy George
 
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Default Rohn files for bankruptcy

Since no one else has posted this:

http://www.rohnnet.com and click on "Press Releases", then
click on the September 16, 2003 entry.

Hope no one needs parts for a while.

--
Crazy George
Remove NO and SPAM from return address


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Old September 24th 03, 12:25 PM
Alan Beagley
 
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Filing for Chapter 11 is an appeal to the court to "Keep our creditors
off our back while we straighten out this mess". It should mean that
they can keep going when they otherwise would not be able to.

-=-
Alan AB2OS


On 09/24/03 03:43 am Crazy George put fingers to keyboard and launched
the following message into cyberspace:

Since no one else has posted this:

http://www.rohnnet.com and click on "Press Releases", then
click on the September 16, 2003 entry.

Hope no one needs parts for a while.


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Old September 24th 03, 05:05 PM
James
 
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Default

Correct Allan,

Rohn has sold off some of its tower lines along with tooling so parts
should not be
a problem, similar to automotive markets, plenty of companies make bolts
and rivits,
along with other parts.



Alan wrote:

Filing for Chapter 11 is an appeal to the court to "Keep our creditors
off our back while we straighten out this mess". It should mean that
they can keep going when they otherwise would not be able to.

-=-
Alan AB2OS

On 09/24/03 03:43 am Crazy George put fingers to keyboard and launched
the following message into cyberspace:

Since no one else has posted this:

http://www.rohnnet.com and click on "Press Releases", then
click on the September 16, 2003 entry.

Hope no one needs parts for a while.


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Old September 25th 03, 01:46 AM
CW
 
Posts: n/a
Default

Chapter 11: Please allow us to screw the other guy so it doesn't hurt us.
"Alan Beagley" wrote in message
...
Filing for Chapter 11 is an appeal to the court to "Keep our creditors
off our back while we straighten out this mess". It should mean that
they can keep going when they otherwise would not be able to.

-=-
Alan AB2OS


On 09/24/03 03:43 am Crazy George put fingers to keyboard and launched
the following message into cyberspace:

Since no one else has posted this:

http://www.rohnnet.com and click on "Press Releases", then
click on the September 16, 2003 entry.

Hope no one needs parts for a while.




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Old September 25th 03, 10:16 AM
the kink
 
Posts: n/a
Default

"Crazy George" wrote in message ...
Since no one else has posted this:

http://www.rohnnet.com and click on "Press Releases", then
click on the September 16, 2003 entry.

Hope no one needs parts for a while.



I don't see "Press Releases" there at all.

Can someone post the complete url. I'd like to read it.


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Old September 26th 03, 02:00 AM
Bob Miller
 
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Default

On 25 Sep 2003 02:16:41 -0700, (the kink) wrote:

"Crazy George" wrote in message ...
Since no one else has posted this:

http://www.rohnnet.com and click on "Press Releases", then
click on the September 16, 2003 entry.

Hope no one needs parts for a while.



I don't see "Press Releases" there at all.

Can someone post the complete url. I'd like to read it.


---------------------------
---------------------------

BELOW IS THE PRESS RELEASE, COPIED FROM THE WEB SITE:

Bob
k5qwg

------------------------
------------------------

ROHN Files for Chapter 11 Protection
September 16, 2003

World Headquarters
6718 W. Plank Rd.
Peoria, IL 61604 USA
Ph: 309-697-4400
FAX: 309-697-5612


FOR IMMEDIATE RELEASE



For Further Information:
Horace Ward
President and Chief Executive Officer
(309) 633-6886


ROHN INDUSTRIES, INC. FILES FOR CHAPTER 11 PROTECTION;
$9.5 MILLION DEBTOR-IN-POSSESSION FINANCING SECURED;
BOARD MEMBERS RESIGN

PEORIA, IL, September 16, 2003 — ROHN Industries, Inc., (OTCBB: ROHN),
(the "Company") a provider of infrastructure equipment to the
telecommunications industry, announced today that the Company and five
of its direct and indirect subsidiaries have filed voluntary petitions
for Chapter 11 relief in the United States Bankruptcy Court for the
Southern District of Indiana (the "Bankruptcy Court").

The Company also announced that, concurrent with the Chapter 11
filing, it has entered into a $9.5 million debtor-in-possession
("DIP") line of credit with the lenders that are party to the
Company's Amended and Restated Credit Agreement, subject to the
approval of the Bankruptcy Court, which will include funds that will
be rolled forward from the Company's current credit facility. Subject
to the provisions of the Bankruptcy Code, the Company remains in
possession of its assets and properties, and continues to operate its
business. The Company said that the objective of the Chapter 11
proceeding is to maximize recovery to creditors by facilitating an
orderly sale of assets. The Company is currently in discussions with
an unrelated third party regarding a proposed sale of the assets of
the Company.

Upon the filing of the bankruptcy petition of the Company, but
following the approval by the Board of Directors of the Chapter 11
filing, Stephen Gorman and Jordan Roderick each have resigned from the
Board of Directors of the Company. Currently, Horace Ward, the Chief
Executive Officer of the Company, is the only remaining director of
the Company.

Commenting on today's announcement, Mr. Ward said, "Our immediate goal
is to stabilize the Company's financial situation and utilize the
Chapter 11 process to enable the Company to conduct normal business
operations as the Company works to complete a sale transaction."

The Company has retained the Indianapolis law firm of Ice Miller to
act as its legal counsel in the bankruptcy proceedings. The Company
has also retained Silverman Consulting, a national turnaround
consulting firm.

About the Company

The Company is a manufacturer and installer of telecommunications
infrastructure equipment for the wireless industry. Its products are
used in cellular, PCS, radio and television broadcast markets. The
Company’s products include towers, poles, related accessories and
antennae mounts. The Company also provides design and construction
services. The Company has a manufacturing location in Frankfort, IN
along with offices in Peoria, IL and Mexico City, Mexico.


--------------------------------------------------------------------------------

Statements in this press release include “forward-looking statements”
within the meaning of the Securities Exchange Act of 1934, the Private
Securities Litigation Reform Act of 1995 and other related laws, and
include, but are not limited to, those statements relating to sales
and earning expectations, expected demand and other statements of
outlook. The Company’s actual results and effects could differ
materially from those currently anticipated in our forward-looking
statements. Factors and risks that could cause such differences
include, but are not limited to: wireless and fiber optic
communications industry capital spending; the ability of the Company’s
customers to secure adequate financing; elections by customers to
terminate or delay previously placed orders; the effects of
competition, particularly on pricing and margins; the Company’s
implementation of our growth objectives in foreign markets; the
Company’s indebtedness, which could restrict its operations, making it
more vulnerable to adverse economic conditions and making it more
difficult for us to implement its business strategy; liquidity
problems that confront or may confront the Company; the Company’s
inability to obtain bonding required for certain customer contracts or
potential contracts; liabilities arising from an engineering problem
with the Company’s internal flange poles and a testing and repair
program undertaken by the Company in connection with that problem;
unexpected problems and costs the Company may encounter or incur in
consolidating our manufacturing operations at its facilities in
Frankfort, Indiana; the Company’s Commonwealth of Pennsylvania
construction project staying on its currently anticipated schedule;
and regulatory changes affecting the industry in which the Company
operates. The cautionary statement contained in Exhibit 99.1 to the
Company’s Form 10-K for the year ended December 31, 2002 is
incorporated herein by reference. Forward-looking statements are given
as of the date of this release and the Company is not undertaking any
duty or obligation to update these statements publicly as a result of
new information, future events or otherwise.




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