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Posted: 8/1/2001 8:06:34 PM EDT
PRESS RELEASE   6/15/01

GSI, Inc. clarifies company position on impending sale of Steyr
Mannlicher

Trussville, AL – Over the past several months there have been
many rumors surrounding the sale of Steyr Mannlicher GmbH of Austria
and its effect on the importation and availability of the
manufacturer’s firearms in the U.S.  In light of this, GSI Inc.,
the U.S. importer of Steyr firearms, would like to take this
opportunity to clarify their position in the matter.

It should be noted that Steyr Mannlicher has been for sale by
Creditenstalt Bank of Austria, the owner of Steyr Mannlicher, for
approximately one year.  It has been reported in the Austrian press
that Creditenstalt Bank has sold the land on which the Steyr
Mannlicher factory is located to automotive manufacturer BMW for
expansion purposes.  Any future owner of Steyr Mannlicher will be
required to vacate the premises by the end of the year 2001.
According to that news report, given the logistics and time necessary
to implement such a relocation of the factory’s equipment and
staff, it seems inevitable that production would be interrupted for
what could be months.

At the current time, GSI, Inc. has no scheduled shipments for any
Steyr Mannlicher rifles or handguns (of any type), and we do not
anticipate receiving any further deliveries of these firearms.
Consequently, any future orders for Steyr Mannlicher firearms will be
limited to our current inventories, which are already low in
particular categories.

For the time being, GSI, Inc. will continue to support the factory
after sales service program for Steyr Mannlicher products until the
new owners of Steyr Mannlicher make their intentions known.  Spare
parts for the company’s firearms, however, will be limited to
inventory on hand.


andy b.

Link Posted: 8/1/2001 8:19:57 PM EDT
[#1]
Cool.


MIKIE
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