CORONA, Calif., Aug 07, 2007 (BUSINESS WIRE) --
Hansen Natural Corporation (NASDAQ:HANS) today announced that it has been advised that the informal inquiry relating to the Company's historical stock option granting practices, which was being conducted by the staff of the Los Angeles Regional Office of the U.S. Securities and Exchange Commission (the "Commission"), has been completed. In a letter from the Los Angeles Regional Office, the Company was further advised that the Commission staff does not intend to recommend any enforcement action against the Company by the Commission. The letter also states that this information was provided under the guidelines in the final paragraph of Securities Act Release No. 5310.
Hansen Natural Corporation
Based in Corona, California, Hansen Natural Corporation markets and distributes Hansen's(R) Natural Sodas, Signature Sodas, fruit juice Smoothies, Energy drinks, Energade(R) energy sports drinks, E20 Energy Water(R), multi-vitamin juice drinks in aseptic packaging, Junior Juice(R) juice, iced teas, apple juice and juice blends, Blue Sky(R) brand beverages, Monster Energy(R) brand energy drinks, Java Monster(TM) brand non carbonated dairy based coffee drinks, Lost(R) Energy(TM) brand energy drinks, Joker Mad Energy(TM), Unbound(R) Energy and Ace(TM) Energy brand energy drinks, Rumba(TM) brand energy juice, and Fizzit(TM) brand powdered drink mixes. For more information visit www.hansens.com and www.monsterenergy.com.
Certain statements made in this announcement may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Management cautions that these statements are qualified by their terms or important factors, many of which are outside of the control of the Company, that could cause actual results and events to differ materially from the statements made herein, including, but not limited to, the following: changes in consumer preferences; changes in demand that are weather related, particularly in areas outside of California; competitive pricing and/or marketing pressures; activities and strategies of competitors; changes in the price and/or availability of raw materials for the Company's products; the availability of production and/or suitable facilities; the marketing efforts of the distributors of the Company's products, most of which distribute products that are competitive with the products of the Company; the introduction of new products, as well as unilateral decisions that may be made by grocery and/or convenience chain stores, specialty chain stores, club stores and other customers to discontinue carrying all or any of the Company's products that they are carrying at any time; and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company's actual results could differ materially from those contained in the forward-looking statements. The Company assumes no obligation to update any forward-looking statements.
SOURCE: Hansen Natural Corporation
Hansen Natural Corporation Rodney C. Sacks, Chairman and Chief Executive Officer 951-739-6200 or Hilton H. Schlosberg, Vice Chairman 951-739-6200 or PondelWilkinson Inc. Roger S. Pondel / Judy Lin Sfetcu, 310-279-5980
Copyright Business Wire 2007
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