In addition, during October 2007, we received new orders for approximately $10,735,000 compared to $2,119,000 of new orders received in October 2006, which brings our total shipping and open order position as of October 31, 2007 in line with last year.
In reviewing our current position and new business opportunities, we believe that our fiscal 2008 shipments will meet or exceed our fiscal 2007 shipments."
Mr. Knigin continued, “We remain focused on closing the merger with FOH Holdings following Movie Star's special shareholders meeting to approve the transactions contemplated by the merger agreement with FOH Holdings, including our $20,000,000 rights offering.
We expect to mail the definitive proxy statement during the first week of December 2007 to our shareholders of record as of November 27, 2007 and anticipate that the special shareholders meeting will be held in mid-January 2008.”
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