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I see this has been left for the wolves... Someone message me when things pick up
after all the excitement we're back to dead in the water
wow ! just like that
Shares canceled as of tomorrow. Old shares are useless now...
Shares cancelled as per todays Daily List:
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/01/2010&mkt_ctg=ALL
i just checked their website, looking really sweet ! still lurking and a little lost though on this one .
Hi, anything going on here ? tia norkel :)
Land
whats going on here iyo ? anything?
---WHAT happened to the people who took over this company and said it would be $5.00 a share SOON ? ? ? -- Were they make believe salesmen or just BUMS ? ? ? -- Anyone know ? ? ? -- Please comment if you have any clues -- THANKS -- LAND --
---WHAT happened to the people who took over this company and said it would be $5.00 a share SOON ? ? ? -- Were they make believe salesmen or just BUMS ? ? ? -- Anyone know ? ? ? -- Please comment if you have any clues -- THANKS -- LAND --
Date: Monday, December 15, 2008 11:45:16 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34191405
How long have you been in this stock?
I agreed this morning......
LENXQ a hidden gem!
GLTU!
Good to see you here Car!!!!!
;)
got my attention! on watch!
car
LOL!
Hope in this lifetime! I ate my veggies this morning, lol! Have a great weekend Land Agent!
;)
$20.00 but in what CENTURY ????? Some investors may not live that long ????? PRAY for a long life -- IMHO --
Maybe $20.00
;)
Do you took a look at their new website?
www.lenox.com
$$$$$
WHEN is $5.00 coming -- SOON ???? -- IMO --
LENX was $10 on 2007
;)
LENXQ 8k Filings!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6496881
;)
HUGE NEWS for LENXQ!!
;)
"The “New Lenox,” which includes the Lenox, Dansk, Gorham and Department 56 brands, will now operate outside of Chapter 11 bankruptcy."
YES!!!
;)
Clarion Capital Partners Finalizes Acquisition of Lenox Group Assets
America’s Iconic Tabletop Brand Emerges From Bankruptcy
For Immediate Release
March 16, 2009 (New York, NY): Lenox Group Inc. (“Lenox”) and Clarion Capital Partners, LLC (“Clarion”) announced today that the asset sale of Lenox, the well-known china, tabletop and giftware manufacturer and marketer, to a group led by Clarion has been completed. The “New Lenox,” which includes the Lenox, Dansk, Gorham and Department 56 brands, will now operate outside of Chapter 11 bankruptcy.
Marc Utay, the founder and Managing Partner of Clarion Capital Partners, said, “Lenox, Dansk, Gorham and Department 56 have very loyal customer bases. The New Lenox has a clean balance sheet and a significant infusion of new capital to build and strengthen these trusted American brands. Clarion is committed to bringing these iconic American brands to new generations of consumers.”
A seasoned executive with tremendous credibility in the tabletop industry, former Waterford Wedgwood plc and All-Clad Metalcrafters LLC CEO Peter Cameron assumes the position of Chairman and CEO of New Lenox. Cameron commented, “I look forward to working with the dedicated employees of Lenox as they begin their employment with the New Lenox. Lenox employees have worked hard over the past two years to improve their operations and product development processes. These improvements provide an enormous competitive advantage as we move forward into future development of our great American brands. We are in a position to hit the ground running, and look forward to continuing the Lenox heritage and tradition through this century.”
# # #
Clarion Capital Partners, LLC , is a New-York based private investment firm. The firm invests in consumer products, business services, healthcare services, specialty financial services, retail and niche media and entertainment. Previous and current investments by the professionals of Clarion include All-Clad Metalcrafters (cookware), Hartmann (fine leather and travel goods), Snapple Beverage Company, The Oceanaire, Inc. (fine dining seafood restaurants), Strategic Outsourcing Inc. (business services), Great Northwest Insurance Company, Reliant HealthCare Professionals, Inc. (medical staffing), Crowe Paradis Services Corporation (insurance outsourcing), Imax Corporation (movies) and Cross MediaWorks Inc. (media services).
Lenox Group Inc. is a market leader in high quality tabletop, giftware and collectible products sold under the Lenox brand founded in 1889, as well as the Dansk, Gorham and Department 56 brand names. The company sells it products through wholesale customers who operate gift, specialty and department store locations in the United States and Canada, company-operated retail stores and direct to consumer channels.
Contact
Hampton Carney / Casey Barber
Paul Wilmot Communications
212-206-7447
hcarney@greatpress.com / cbarber@greatpress.com
LENXQ FILLINGS!!!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6490845
;)
LENXQ NEWS!!
Carl Marks Advisory Group Guides Lenox Group, Inc. to Recovery
--Helps Manage Lenox Through Bankruptcy Sale Process to Clarion Capital Partners
NEW YORK, March 19, 2009 /PRNewswire via COMTEX/ -- Lenox Group, Inc., a market leader in high-quality tabletop, giftware and collectibles products, announced the completion of the sale of its assets in a voluntary Chapter 11 financial reorganization to a group led by Clarion Capital Partners. The "new" Lenox, which includes the Lenox, Dansk(R), Gorham(R) and Department 56(R) brands, will now operate outside of Chapter 11 bankruptcy. Carl Marks Advisory Group LLC (CMAG) worked closely with Lenox, its board and its financial and legal advisors, Berenson & Company and Weil, Gotshal & Manges, to complete the company's restructuring and sale. Carl Marks also provided interim management services.
After suffering consistently declining sales, profits and cash flow, Lenox Group engaged CMAG in a general management capacity in January 2007. Marc Pfefferle, a CMAG partner, was named interim chief executive officer.
"We immediately went to work to create cost reductions, revamped product development efforts and developed a long-term turnaround plan," Pfefferle said, noting the strategy eventually included voluntarily putting the company into Chapter 11.
"The plan's implementation promptly delivered results that included a major decrease in the company's operating costs and the introduction of a series of innovative and exciting new products," Pfefferle added.
However, shrinking demand for tabletop and collectibles products, as well as excessive debt levels, prompted the company to ultimately file a voluntary Chapter 11. Pfefferle said the Chapter 11 process was managed smoothly with the strong support of Lenox's customers and vendors. It also allowed Lenox to shed burdensome liabilities and further reduce operating costs.
"Lenox's successful revival can be credited to the diligent work and dedication of its entire management team and the lenders and advisors who supported the recovery efforts," said Pfefferle. "It's an exciting time for Lenox. The company's new CEO, Peter Cameron, is a seasoned executive with tremendous credibility in the tabletop industry. He will provide the leadership and guidance needed to develop the Lenox brands to their fullest potential."
About Carl Marks Advisory Group LLC and Carl Marks Securities LLC
Carl Marks Advisory Group LLC, with offices in New York and Charlotte, N.C., provides a wide array of investment banking and financial and operational advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management.
Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com.
SOURCE Carl Marks Advisory Group LLC
URL: http://www.carlmarks.com
www.prnewswire.com
This is going ballistics when it get ready to loose the "Q"!
"The "New Lenox," which includes the Lenox, Dansk, Gorham and Department 56 brands, will now operate outside of Chapter 11 bankruptcy."
;)
Time to buy more tomorrow!!!!
;)
"I look forward to working with the dedicated employees of Lenox as they begin their employment with the New Lenox. Lenox employees have worked hard over the past two years to improve their operations and product development processes. These improvements provide an enormous competitive advantage as we move forward into future development of our great American brands. We are in a position to hit the ground running, and look forward to continuing the Lenox heritage and tradition through this century."
Clarion Capital Partners Finalizes Acquisition of Lenox Group Assets
--America's Iconic Tabletop Brand Emerges From Bankruptcy
NEW YORK, March 16, 2009 /PRNewswire via COMTEX/ -- Lenox Group Inc. ("Lenox") and Clarion Capital Partners, LLC ("Clarion") announced today that the asset sale of Lenox, the well-known china, tabletop and giftware manufacturer and marketer, to a group led by Clarion has been completed. The "New Lenox," which includes the Lenox, Dansk, Gorham and Department 56 brands, will now operate outside of Chapter 11 bankruptcy.
Marc Utay, the founder and Managing Partner of Clarion Capital Partners, said, "Lenox, Dansk, Gorham and Department 56 have very loyal customer bases. The New Lenox has a clean balance sheet and a significant infusion of new capital to build and strengthen these trusted American brands. Clarion is committed to bringing these iconic American brands to new generations of consumers."
A seasoned executive with tremendous credibility in the tabletop industry, former Waterford Wedgwood plc and All-Clad Metalcrafters LLC CEO Peter Cameron assumes the position of Chairman and CEO of New Lenox. Cameron commented, "I look forward to working with the dedicated employees of Lenox as they begin their employment with the New Lenox. Lenox employees have worked hard over the past two years to improve their operations and product development processes. These improvements provide an enormous competitive advantage as we move forward into future development of our great American brands. We are in a position to hit the ground running, and look forward to continuing the Lenox heritage and tradition through this century."
Clarion Capital Partners, LLC, is a New-York based private investment firm. The firm invests in consumer products, business services, healthcare services, specialty financial services, retail and niche media and entertainment. Previous and current investments by the professionals of Clarion include All-Clad Metalcrafters (cookware), Hartmann (fine leather and travel goods), Snapple Beverage Company, The Oceanaire, Inc. (fine dining seafood restaurants), Strategic Outsourcing Inc. (business services), Great Northwest Insurance Company, Reliant HealthCare Professionals, Inc. (medical staffing), Crowe Paradis Services Corporation (insurance outsourcing), Imax Corporation (movies) and Cross MediaWorks Inc. (media services).
Lenox Group Inc. is a market leader in high quality tabletop, giftware and collectible products sold under the Lenox brand founded in 1889, as well as the Dansk, Gorham and Department 56 brand names. The company sells its products through wholesale customers who operate gift, specialty and department store locations in the United States and Canada, company-operated retail stores and direct to consumer channels.
SOURCE Lenux Group Inc.
www.prnewswire.com
HUGE NEWS LENXQ!
;)
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=lenxq
We all waiting for news. It may go down a little, but the value is there "is believed to be valued at approximately $100 million".
Doubt it...you've been pumping this for a week or more and it's gone nowhere.
YOU need to get a clue! -IMO
Shaky hands here?? RSI taking a rest! We are going up up up in a little bit!
;)
I'm talking about a bid to buy a company not the bid and ask.
T.
The bid from MM's means NOTHING to the company -- just to people wanting to buy into or out of the presently traded stock -- IMO --
I tink it is sort of important. We can hear all kinds of numbers but if we do not know what they mean it does us no good.
If you know anybody who can answer this it would be really helpful.
Thanks in advance,
Tracy
That's a good question!
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Phone: (952) 944-5600
Estimated Market Cap
1,010,100 as of Feb 27, 2009
Outstanding Shares
14,429,998 as of Aug 4, 2008
Number of Share Holders of Record
714 as of Mar 13, 2008
NEW YORK, Feb 27, 2009 /PRNewswire via COMTEX/ -- Lenox Group Inc. ("Lenox") and Clarion Capital Partners, LLC ("Clarion") announced today that a group led by Clarion has won the bankruptcy auction to acquire substantially all the assets of Lenox, the well-known china, tabletop and giftware manufacturer and marketer. Peter Cameron, previously the CEO of Waterford Wedgwood plc and All-Clad Metalcrafters LLC will become the new CEO of Lenox as soon as the transaction closes. While the specifics of the sale are not being released, the transaction, which includes the Lenox, Dansk, Gorham and Department 56 brands, is believed to be valued at approximately $100 million inclusive of cash and assumption of certain liabilities of Lenox. The bankruptcy court approved the Clarion bid after the bidding process was reopened during a hearing on Wednesday, February 25, 2009.
Marc Utay, the founder and Managing Partner of Clarion Capital Partners said, "We are delighted to have the opportunity to invest in this truly iconic American brand. Generations of American families have embraced Lenox both in their everyday lives and on special holiday occasions when they gather with family and friends. With Lenox on firm financial footing, the Company can now devote all of its energies to capitalizing on its rich heritage and developing designs for the next generation of customers. Also, I am pleased to be working in partnership with Peter Cameron for the fourth time."
Peter Cameron, Lenox's incoming CEO commented, "Joining Lenox represents an extraordinary opportunity to work with one of the finest American brands. Lenox represents the high water mark in fine American china. Its product design and manufacturing capabilities are unrivaled within the US and around the world. When a customer purchases a Lenox product, he or she is purchasing the same quality and design aesthetic that has been used in the White House by each President since 1918 and is routinely used by the State Department as a gift from our nation to visiting dignitaries and royalty from around the world. How could anyone not be excited about the opportunity to work with such an American treasure?"
Marc Pfefferle, Lenox's current CEO, said, "We are pleased that Lenox has found a home with the Clarion team which has the expertise and capital to grow our great brands. Certainly, Peter Cameron has the knowledge and experience to provide the leadership and guidance to develop the full potential of our brands and our employees."
The transaction is expected to close in March 2009.
Miller Buckfire & Co., LLC is acting as investment banker and financial advisor to the acquisition group and Schulte Roth & Zabel LLP is providing legal counsel. Berenson & Company is acting as financial advisor to Lenox while Weil, Gotshal & Manges, LLP is providing legal counsel and Carl Marks Advisory Group LLC is providing management advice.
Clarion Capital Partners, LLC, is a New-York based private investment firm. The firm invests in consumer products, business services, healthcare services, specialty financial services, retail and niche media and entertainment. Previous and current investments by the professionals of Clarion include All-Clad Metalcrafters (cookware), Hartmann (fine leather and travel goods), Snapple Beverage Company, The Oceanaire, Inc. (fine dining seafood restaurants), Strategic Outsourcing Inc. (business services), Great Northwest Insurance Company, Reliant HealthCare Professionals, Inc. (medical staffing), Crowe Paradis Services Corporation (insurance outsourcing), Imax Corporation (movies) and Cross MediaWorks Inc. (media services).
Lenox Group Inc. is a market leader in high quality tabletop, giftware and collectible products sold under the Lenox brand founded in 1889, as well as the Dansk, Gorham and Department 56 brand names. The company sells it products through wholesale customers who operate gift, specialty and department store locations in the United States and Canada, company-operated retail stores and direct to consumer channels.
SOURCE Clarion Capital Partners, LLC
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