Scott's Liquid Gold-Inc. Engages Real Estate Broker
Jul 27, 2007 08:00:30 (ET)
DENVER, Jul 27, 2007 (BUSINESS WIRE) -- Scott's Liquid Gold-Inc. (SLGD, Trade ), which develops, manufactures and markets household and skin care products, announced today that a committee of the Company's Board of Directors is considering various alternatives regarding its facilities in Denver, Colorado. Mark E. Goldstein, Chief Executive Officer, President and Chairman of the Company, stated: "As indicated in public reports, the Company uses less than the capacity of its facilities and is also interested in reducing its expenses."
As part of this process, the Company has engaged a commercial real estate broker, The Staubach Company, in Denver to explore alternatives. These alternatives include the sale of all or part of the facilities, a sale of all or part of the facilities combined with a leaseback by the Company of the facilities, or a lease of all or part of the facilities by the Company to a third party. There is, however, no assurance that acceptable transactions will be offered or completed.
Scott's Liquid Gold-Inc.'s products include Scott's Liquid Gold wood cleaners/preservatives, Scott's Liquid Gold Mold Control 500, Touch of Scent air fresheners, Alpha Hydrox skin care products, and Neoteric Diabetic Skin Care products. Scott's Liquid Gold-Inc. also distributes skin care and other sachets of Montagne Jeunesse. The Company is headquartered in Denver, Colorado, and its common stock trades on the OTC Bulletin Board under the symbol "SLGD".
Additional information on Scott's Liquid Gold-Inc. and its products can be accessed on the World Wide Web: www.scottsliquidgold.com
, and www.neotericdiabetic.com