INGLEWOOD, Calif., Aug. 30, 2001 (PRIMEZONE) -- Signature Eyewear (OTCBB:SEYE) today announced that it received an extension of its bank forbearance agreement from August 31, 2001 to October 31, 2001. The extension gives the company additional time to refinance the existing credit facility.
Signature Eyewear is a leading designer and marketer of prescription eyeglass frames under internationally recognized brand names such as Eddie Bauer and Laura Ashley, Hart Schaffner & Marx Eyewear, Nicole Miller Eyewear and bebe eyes, as well as its proprietary brands, including Dakota Smith, Camelot and the Signature line. In addition to producing distinctive frame designs, the company distinguishes itself through innovative sales and merchandising programs that are unique to the optical industry. Signature Eyewear's products are distributed in the U.S. and internationally to opticians, optometrists and ophthalmologists and sold directly to major national retail chains.
This news release contains certain forward-looking statements that involve risks and uncertainties. Such statements include the company's ability to refinance its credit facility, which is subject to many conditions, some of which are beyond the control of the company. No assurance can be given that the company will be able to refinance the facility.