USA: Genesee Corporation Announces Fiscal Year End Results

By Company Press Release | 29 June 2000

Genesee Corporation (Nasdaq: GENBB) today announced results for its fiscal year ended April 29, 2000.Results for the Corporation's brewing business are reported as discontinued operations. A special committee of the Corporation's Board of Directors has been formed to continue to explore strategic alternatives for Genesee Brewing Company, including a proposal for a management-led buyout, following the decision to terminate the agreement to sell the business to the owners of City Brewing Company.

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Genesee Corporation (Nasdaq: GENBB) today announced results for its fiscal year ended April 29, 2000.Results for the Corporation's brewing business are reported as discontinued operations. A special committee of the Corporation's Board of Directors has been formed to continue to explore strategic alternatives for Genesee Brewing Company, including a proposal for a management-led buyout, following the decision to terminate the agreement to sell the business to the owners of City Brewing Company.

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