Danier Leather Inc.

Danier Leather Inc.

October 05, 2007 15:54 ET

Danier Leather Inc. Provides Update on Pending Supreme Court Decision

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2007) - Danier Leather Inc. (TSX:DL) -

On Friday, October 12, 2007 at 9:45 a.m., the Supreme Court of Canada will release its decision in the matter of Kerr v. Danier. Since the decision will be released during Toronto Stock Exchange trading hours, Danier will request that trading in Danier's shares be halted on Friday morning until Danier issues a press release announcing the result of the Supreme Court of Canada's decision.

About Danier

Danier Leather Inc. is a leading integrated designer, manufacturer, and retailer of high-quality leather and suede clothing and accessories. The Company's merchandise is marketed exclusively under the well-known Danier brand name and is available only at its 91 shopping mall, street-front, and power centre stores, and through its corporate sales division.

Note: This press release contains forward-looking statements that involve risks, estimates, and uncertainties in connection with the class action lawsuit. For an expanded discussion of risks and uncertainties, please see the documents filed by Danier Leather Inc. with the Ontario Securities Commission. Danier disclaims any responsibility to update or revise such forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

  • Investor Relations Contact
    Danier Leather Inc.
    Jeffrey Wortsman, President and Chief Executive Officer
    (416) 762-8175 ext. 302
    (416) 762-7408 (FAX)
    Email: leather@danier.com
    Danier Leather Inc.
    Bryan Tatoff, Senior Vice-President and
    Chief Financial Officer
    (416) 762-8175 ext. 328
    (416) 762-6072 (FAX)
    Email: bryan@danier.com