Stumbras AB
Concerning plans of temporarily break in production from 1 till 31 of July
Stumbras AB 08.06.2011 11:30 --------------------------------------------------------------------------- Stumbras AB is planning to temporarily stall its production output and release employees from work duties from 1 till 31 of July. Main reason behind this is the growing need of additional cuts in production costs, caused by the further decline in strong alcohol market. 'Recently we significantly increased the efficiency of our production activities, we reshaped and relaunched our most popular drinks and introduced new products to the market. Therefore, our market position is strengthening, but because of the further decline in the whole strong alcohol market, we are forced to find more ways to cut company costs. One of the reasons that we decided to temporarily stop production in July was that this month is probably most suitable for our employee holidays, because a lot of our main partners in western Europe also choose July for holidays ' - Company's general manager, Česlovas Matulevičius. Algirdas Čiburys Marketing director +370 5 2786 309 News Source: NASDAQ OMX 08.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Stumbras AB Lithuania Phone: Fax: E-mail: Internet: ISIN: LT0000119430 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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