ALON HLDG ADR : Alon Holdings Blue Square Israel Ltd Announces Filing of its Annual Report on Form 20-F
07/19/2011| 09:00am US/Eastern
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ROSH HAAYIN, Israel, July 5, 2011 /PRNewswire/ --
Alon Holdings Blue Square-Israel Ltd. (NYSE: BSI) (hereinafter: "Alon
Holdings") announced that it filed on June 30, 2011 its Annual Report on
Form 20-F for the year ended December 31, 2010, and on July 6, 2011 an
amendment to the Annual Report. Copies of the Annual Report on Form 20-F and
the amendment are available to be viewed or downloaded on Alon Holdings'
website at http://WWW.BSI.CO.IL. In addition, shareholders of Alon
Holdings may obtain, free of charge, a printed copy of Alon Holdings'
complete audited financial statements, by sending a request to Alon
Holdings' CFO, Mr. Dror Moran (email: cfo@bsi.co.il [ELLILS@BSI.CO.IL ]), or
by calling +972-3-9282220.
Alon Holdings Blue Square- Israel Ltd. (hereinafter: "Alon Holdings") is
the leading retail company in the State of Israel and operates in four
reporting segments: In its Supermarket segment, as a pioneer of modern food
retailing, Alon Holdings, through its 100% subsidiary, Mega Retail Ltd.,
currently operates 209 supermarkets under different formats, each offering a
wide range of food products, "Near Food" products and "Non-Food" products at
varying levels of service and pricing. In the Commercial and Fueling Sites
segment, Alon Holdings, through its Tel Aviv Stock Exchange ("TASE") traded
78.38% subsidiary, Dor Alon Energy in Israel (1988) Ltd., is one of the four
largest fuel retail companies in Israel based on the number of fueling
stations, and a leader in the field of convenience stores. Dor Alon
currently operates a chain of 189 fueling stations and 183 convenience
stores in different formats in Israel. In its "Non-Food" segment, Alon
Holdings, through its 100% subsidiary BEE Group Retail Ltd., operates
specialist outlets in self-operation and franchises and offers a wide range
of "Non-Food" products as retailer and wholesaler. In its Real Estate
segment, Alon Holdings, through its TASE traded 78.26% subsidiary Blue
Square Real Estate Ltd., owns, leases and develops yield generating
commercial properties and projects.
This press release contains forward-looking statements within the
meaning of safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Forward-looking statements may include, but are not
limited to, plans or projections about our business and our future revenues,
expenses and profitability. Forward-looking statements may be, but are not
necessarily, identified by the use of forward-looking terminology such as
"may," "anticipates," "estimates," "expects," "intends," "plans,"
"believes," and words and terms of similar substance. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause actual events, results, performance, circumstance and
achievements to be materially different from any future events, results,
performance, circumstance and achievements expressed or implied by such
forward-looking statements. These risks, uncertainties and other factors
include, but are not limited to, the following: the effect of the recession
in Israel on the sales in our storesand fueling stations and on our
profitability; our ability to compete effectively against low-priced
supermarkets and other competitors and in the market in which Dor Alon sells
its products; quarterly fluctuations in our operating results that may cause
volatility of our ADS and share price; risks associated with our dependence
on a limited number of key suppliers for products that we sell in our
stores; the effect of an increase in the minimum wage in Israel on our
operating results; the effect of any actions taken by the Israeli Antitrust
Authority on our ability to execute our business strategy and on our
profitability; the effect of increases in oil, raw material and product
prices in recent years; the effects of damage to our reputation or to the
reputation of our store brands due to reports in the media or otherwise; and
other risks, uncertainties and factors disclosed in our filings with the
U.S. Securities and Exchange Commission (SEC), including, but not limited
to, risks, uncertainties and factors identified under the heading "Risk
Factors" in our in our Annual Report on Form 20-F for the year ended
December 31, 2010. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. Except for our ongoing obligations to disclose material information
under the applicable securities laws, we undertake no obligation to update
the forward-looking information contained in this press release.
Contact:
Alon Holdings Blue Square-Israel Ltd.
Ortal Klein
Corporate Secretary
Telephone: +972-9-9618504
Fax: +972-9-9618636
Email: ortal.klein@alon-oil.co.il
SOURCE Alon Holdings Blue Square Israel Ltd
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