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Posted: 8/1/2001 7:06:34 PM EST
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 7:19:57 PM EST
Cool. MIKIE
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