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EVANS
Supplement to the Notice of Special Meeting of Stockholders
To Be Held December 8, 1998
To the Stockholders of Evans, Inc.:
On or about November 3, 1998 you were mailed a notice of and proxy statement
for a Special Meeting of Stockholders to be held December 8, 1998 in order to
approve an amendment to the Company's Restated Certificate of Incorporation to
effect a one-for-four reverse stock split of the Common Stock.
Due to a printing error, item 1 of the Notice of Special Meeting of
Stockholders incorrectly stated that the amendment to the Company's Restated
Certificate of Incorporation was to effect a one-for-three reverse stock split.
Accordingly item 1 should read as follows:
1. To approve an amendment to the Company's Restated Certificate of
Incorporation to effect a one-for-four reverse stock split of the Common
Stock, to reduce the authorized Preferred Stock, par value $1.00 per
share from 3,000,000 shares to 1,000,000 shares and to reduce the
authorized Common Stock, par value $0.20 per share, from 8,000,000
shares to 3,000,000 shares.
The balance of the Proxy Statement and Proxy card is correct and indicated
that the amendment was to effect a one-for-four reverse stock split.
The closing bid price of the Common Stock as reported on The NASDAQ SmallCap
Market on November 5, 1998, the last trading day prior to the date of this
supplemental notice, was $0.56.
YOUR VOTE IS IMPORTANT AND WE URGE YOU TO COMPLETE, SIGN, DATE AND PROMPTLY
RETURN YOUR PROXY CARD THAT WAS IN THE SELF-ADDRESSED POSTAGE-PAID ENVELOPE
THAT WAS SENT TO YOU WITH THE NOTICE AND PROXY STATEMENT ON OR ABOUT NOVEMBER
3, 1998.
By Order of the Board of Directors,
Samuel B. Garber
Vice President
General Counsel and Secretary
Chicago, Illinois
November 6, 1998