Just received this:
Contact:
Evergreen International Aviation
(503) 472-9361
[email protected]
McMinnville, Oregon -- November 8, 2013
As has been previously reported in the press, Evergreen's business has been adversely impacted over the past several years by decreased demand in military spending and weakness in global economic markets. Management has moved to aggressively address these challenges, including through the divestiture of businesses and assets and the significant reduction of secured debt. Evergreen is in discussions with its significant constituencies and is exploring available strategic alternatives with those constituencies. While Evergreen generally does not comment on market rumor or conjecture, rumors that a decision has been made to cease operations at this time are false. Evergreen remains committed to continuing to address the current business environment with its customers.
-Delford M. Smith
Chief Executive Officer,
Evergreen International Aviation