Thursday, September 29, 2005

O'Sullivan Industries extends forbearance agreement

O'Sullivan Industries officials have bought more time to negotiate with the company's creditors, according to an article on PR Newswire.
An additional extension of the forbearance agreement through Oct. 15 was announced today.
"We are pleased to announce this additional extension of the Forbearance Period," million-dollar CEO Bob Parker, is quoted as saying. "This is a reflection of the positive progress that is being made in the ongoing financial restructuring negotiations."

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