NEWS RELEASE
CONTACT: Mac McConnell
Senior Vice President,
Finance
713-996-4700
www.dxpe.com
DXP
ENTERPRISES ANNOUNCES PLANS TO FILE FORM S-3 REGISTRATION STATEMENT
Houston, TX, -- July 30, 2009 -- DXP
Enterprises, Inc. (NASDAQ: DXPE) today announced plans to file a
universal shelf registration on Form S-3 with the Securities and Exchange
Commission (“SEC”) under which DXP would be able to offer and sell from time to
time, up to $75 million of equity, debt or other types of securities, or any
combination thereof, in one or more public offerings. Mr. David R.
Little, Chairman and Chief Executive Officer said, “While we don’t currently
have any plans to access the capital markets for debt or equity financings, we
may consider such financings in the future as favorable market opportunities
present themselves. Future offerings, if any, will be made only by
means of a written prospectus or other permitted documents. This
release does not constitute an offer of any securities for sale.”
The
Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for
forward-looking statements. Certain information included in this
press release (as well as information included in oral statements or other
written statements made by or to be made by the Company) contains statements
that are forward-looking. Such forward-looking information involves
important risks and uncertainties that could significantly affect anticipated
results in the future; and accordingly, such results may differ from those
expressed in any forward-looking statement made by or on behalf of the
Company. These risks and uncertainties include, but are not limited
to; ability to obtain needed capital, dependence on existing management,
leverage and debt service, domestic or global economic conditions, and changes
in customer preferences and attitudes. For more information, review the
Company's filings with the Securities and Exchange
Commission.
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