Message #16 From:
Stock News Bot Date: November 6, 2006 05:01:00 AM
HANS News Hansen Natural Responds to Informal Inquiry on Stock Options
CORONA, Calif.--(BUSINESS WIRE)--Hansen Natural Corp. (NASDAQ:HANS) today announced that it has appointed
a special committee to undertake a special investigation of certain
option grants. The special committee has retained independent counsel to
conduct the investigation. On October 31, 2006, Hansen Natural announced
that it had received a letter from the Securities and Exchange
Commission requesting that the Company voluntarily produce certain
documents and information relating to the Company’s
stock option grant practices from January 1, 1996 to the present.
The Company previously announced its intention to issue a press release
regarding its financial results for the third quarter ended September
30, 2006, on November 9, 2006 and to host an investor’s
conference at 11:30 a.m. Pacific Time on November 9, 2006. In light of
these developments, it is uncertain to what extent the Company will be
able to release financial results on November 9, 2006 and timely file
its Form 10-Q for the quarter ended September 30, 2006. The investor
conference call is still scheduled for November 9, 2006 at 11:30 a.m.
Pacific Time.
Hansen Natural Corporation markets and distributes Hansen’s®
Natural Sodas, Signature Sodas, fruit juice Smoothies, Energy drinks,
Energade® energy sports drinks, E20
Energy Water®, Sparkling Lemonades and
Orangeades, multi-vitamin juice drinks in aseptic packaging, Junior Juice®
juice, iced teas, lemonades and juice cocktails, apple juice and juice
blends, Blue Sky® brand beverages, Monster
Energy® brand energy drinks, Lost®
Energy™ brand energy drinks, Joker Mad Energy™,
Unbound® Energy and Ace™
Energy brand energy drinks, Rumba™ brand
energy juice, and Fizzit™ brand powdered
drink mixes. Hansen’s can be found on the Web
at www.hansens.com.
