ROSH HAAYIN, Israel, October 8 /PRNewswire-FirstCall/ -- Blue Square -
Israel Ltd. (NYSE:BSI) announces that the Board of Directors of its
subsidiary, Blue Square Real Estate Ltd. ("BSRE") resolved today that BSRE
will issue a public offering of additional debentures of up to NIS 300
million, based on the shelf registration statement published by BSRE in May
2009. The debentures to be issued are to be listed in the Tel Aviv Stock
Exchange.
Blue Square-Israel Ltd. is a leading retailer in Israel. A pioneer of
modern food retailing, in the region. Blue Square currently operates 203
supermarkets under different formats, each offering varying levels of
services and prices. For more information, please refer to the Blue
Square-Israel Ltd. website at http://www.bsi.co.il.
Forward Looking Statements
This press release contains forward-looking statements within the meaning
of safe harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements may include, but are not limited to,
plans or projections about our business and our future revenues, expenses and
profitability. Forward-looking statements may be, but are not necessarily,
identified by the use of forward-looking terminology such as "may,"
"anticipates," "estimates," "expects," "intends," "plans," "believes," and
words and terms of similar substance. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause
actual events, results, performance, circumstance and achievements to be
materially different from any future events, results, performance,
circumstance and achievements expressed or implied by such forward-looking
statements. These risks, uncertainties and other factors include, but are not
limited to, the following: our ability to compete effectively against
low-priced supermarkets and other competitors; the effect of the recession in
Israel on the sales in our stores and on our profitability; quarterly
fluctuations in our operating results that may cause volatility of our ADS
and share price; risks associated with our dependence on a limited number of
key suppliers for products that we sell in our stores; the effect of an
increase in minimum wage in Israel on our operating results; the effect of
any actions taken by the Israeli Antitrust Authority on our ability to
execute our business strategy and on our profitability; the effect of
increases in oil, raw material and product prices in recent years; the
effects of damage to our reputation or to the reputation to our store brands
due to reports in the media or otherwise; and other risks, uncertainties and
factors disclosed in our filings with the U.S. Securities and Exchange
Commission, including, but not limited to, risks, uncertainties and factors
identified under the heading "Risk Factors" in our Annual Report on Form 20-F
for the year ended December 31, 2008. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
of this press release. Except for our ongoing obligations to disclose
material information under the applicable securities laws, we undertake no
obligation to update the forward-looking information contained in this press
release.
Contact:
Blue Square-Israel Ltd.
Elli Levinson-Sela
General Counsel & Corporate Secretary
Telephone: +972-3-9282670
Fax: +972-3-9282498
Email: ellils@bsi.co.il
SOURCE Blue Square Israel Ltd
