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EXHIBIT 99.4
For Immediate Release Contact: John L. Pugh
(770) 438-9595
DORSEY FILES FOR BANKRUPTCY
ATLANTA, GEORGIA, December 5, 2000 - Dorsey Trailers, Inc. (DSYT) announces it
has filed for bankruptcy.
Mr. John L. Pugh, Chief Executive Officer for Dorsey, issued this statement,
"Dorsey Trailers has filed a voluntary petition for a Chapter 11 bankruptcy in
the Middle District of Alabama. We have been unsuccessful in negotiating a line
of credit with our lender in order to continue operations. We have filed in the
State of Alabama because the majority of the Company's assets and employees are
in Alabama. Under the protection of the bankruptcy court we hope to be able to
attract interested parties to continue manufacturing Dorsey's well known product
line."
Certain statements in this press release and statements by the Company in
reports to its stockholders and public filings, as well as, oral public
statements by Company representatives may be deemed to be forward-looking
statements, as defined by the Private Securities Litigation Reform Act of 1995.
Any forward-looking statements included herein have been included based upon
facts available to management as of the date of the statement. Any forward
looking statement is, however, inherently subject to the uncertainty of future
events, whether economic, competitive or otherwise, many of which are beyond the
control of the Company, or which may involve determinations which may be made by
management in the future. There can, therefore, be no assurances that the events
or results described in such forward-looking statements will occur and actual
events or results may vary materially from those included herein.
Without limitation, the following are some of the factors which may affect
whether the events or results described in such forward-looking statements will
occur: increased competition, dependence on key management, continued
availability of credit from vendors, continued advancement of funds from lender,
reliance on certain customers, shortages of raw materials, component prices,
labor shortages or work stoppage, dependence on current industry trends and
demand for product, manufacturing interruption due to unfavorable natural
events, unfavorable results of outstanding litigation, government regulations
and new technologies or products. Readers should review and consider the various
disclosures made by the Company in this press release and in its reports to
stockholders and periodic reports on Form 10-K and 10-Q.
