Brief: Forward Industries Says On July 21, Board Decided To Cease Its Retail Distribution Operations

Forward Industries

27/07/2023 22:58

July 27 (Reuters) - Forward Industries Inc  FORD.O :
    * FORWARD INDUSTRIES INC - ON JULY 21, BOARD DECIDED TO
CEASE ITS
RETAIL DISTRIBUTION OPERATIONS
    * FORWARD INDUSTRIES INC - EXIT OF RETAIL DISTRIBUTION
OPERATIONS
WILL HAVE NO EFFECT ON OPERATIONS OF DESIGN OR OEM DISTRIBUTION
BUSINESSES
    * FORWARD INDUSTRIES - WORKING ON PLAN TO ENSURE TRANSITION
OUT OF
RETAIL BUSINESS DONE IN ORDERLY MANNER, SATISFYING EXISTING
CUSTOMER OBLIGATIONS
    * FORWARD INDUSTRIES INC - DOES NOT KNOW THE EXTENT, OR A
RANGE,
OF COSTS THAT CO WILL INCUR AS A RESULT OF EXIT

Further company coverage:  FORD.O 

 (Reuters.Briefs@thomsonreuters.com)