STOCK SYMBOL: HAMP.PK
CONTACT: Berns Communications Group, LLC Jessica Liddell / Melissa Jaffin(212) 994-4660
HAMPSHIRE REPORTS THIRD QUARTER 2011 RESULTS New York, NY, November 15, 2011… Hampshire Group, Limited (OTC Markets: HAMP.PK, www.hamp.com) today announced its results for the three and nine months ended October 1, 2011 and filed its quarterly report on Form 10-Q. This press release should be read in conjunction with the filed quarterly report referred to in this release.
Commenting on the quarter, Heath L. Golden, President and CEO
of Hampshire Group, stated, "We marked a key milestone in the
new strategic direction of the business in the third quarter
with the completion of the acquisition of Rio Garment. This
important step on our path to profitability diversifies our
distribution channels and provides access to the fast-growing
specialty store
channel. We are on track with the integration process and are
already co-marketing Hampshire's and Rio's product offerings
in an effort to take advantage of the significant
cross-selling opportunities we see across both businesses.
Now with the transformative transactions to our business
complete, we have the visibility to address cost reductions
where appropriate and position ourselves to leverage our
strategic initiatives to drive growth in the business."
Third Quarter 2011 Highlights