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BUENOS DIAS:

 

AL LORO EN ONEIQ, QUE cab***ES SON:

 

Oneida Ltd.: Senior Management Transition Plan Announced

 

ONEIDA, N.Y., April 6, 2006 (PRIMEZONE) -- Oneida Ltd. (OTCBB:ONEIQ)

today announced the promotion of James E. Joseph to President of the

Company, effective May 31, 2006, upon the completion of the year of

service of Terry G. Westbrook in that role. Mr. Joseph has been the

Company's Executive Vice President for Worldwide Sales and Marketing

since April 2005. An Oneida manager for 18 years, Mr. Joseph previously

served as the general manager for both foodservice and international

operations.

 

Furthermore, Oneida's Board of Directors and Mr. Westbrook, President

and Chief Executive Officer of Oneida, have initiated a transition

period that will result in the appointment of his successor as Chief

Executive Officer. It is contemplated that the transition process will

be completed by May 31, 2006, or subject to a mutually agreed upon

extension. Mr. Westbrook has been a member of Oneida's Board of

Directors since October 2004. In conjunction with the company's

restructuring efforts, he was asked to assume the operating position in

March 2005. These restructuring efforts are now being concluded through

the pre-negotiated plan of reorganization filed March 19, 2006. Mr.

Westbrook will continue as a member of the Board pending the

confirmation of the Company's Plan of Reorganization.

 

The Company has engaged Heidrick & Struggles to conduct a search for a

CEO to succeed Mr. Westbrook and expects that this process will

conclude within the next three months.

 

Christopher H. Smith, Chairman of Oneida's Board of Directors, stated,

"We are particularly fortunate to be able recognize the outstanding

talents and extensive contributions of Jim Joseph by promoting him to

the Presidency of Oneida. Our stakeholders wholeheartedly support this

decision.

 

"Jim and our marketing, procurement, logistics and customer service

teams have greatly improved the outlook for Oneida in the past 18

months. There is yet much to do and Jim has the ability and leadership

to maintain and enhance Oneida's dominant position in the tabletop

sector."

 

Mr. Smith commented further, "Terry Westbrook's tenure as CEO of Oneida

has been a time of extraordinary change and progress. It was Terry's

goal to return Oneida to its leadership position in tabletop products

by executing a new strategic marketing plan to improve Oneida's brand

relevance. Achievement of this goal is within sight. He has rebuilt the

senior management team and overseen a turnaround in operating results

while helping to design and implement a program to bring the Company's

leverage within manageable limits. We respect his desire to return to

independent Board membership and the management of his many personal

and business activities."

 

Mr. Westbrook commented, "I am very proud of my role in developing the

plan to return Oneida to a position of prominence in the tabletop

industry. Our consensual recapitalization process should ensure

Oneida's leadership in tabletop products long into the future.

Following its emergence from chapter 11, Oneida will have solid

resources for growth strategies to drive increased profits.

 

"Of equal importance is that we have put together the best management

team in our sector. Jim's promotion to the Presidency has our total

support, and we have the greatest confidence in Jim and his team. With

the recapitalization of the Company and Jim's hand on the helm, the

future is bright, indeed."

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BUENOS DIAS:

 

AL LORO EN ONEIQ, QUE cab***ES SON:

 

Oneida Ltd.: Senior Management Transition Plan Announced

 

ONEIDA, N.Y., April 6, 2006 (PRIMEZONE) -- Oneida Ltd. (OTCBB:ONEIQ)

today announced the promotion of James E. Joseph to President of the

Company, effective May 31, 2006, upon the completion of the year of

service of Terry G. Westbrook in that role. Mr. Joseph has been the

Company's Executive Vice President for Worldwide Sales and Marketing

since April 2005. An Oneida manager for 18 years, Mr. Joseph previously

served as the general manager for both foodservice and international

operations.

 

Furthermore, Oneida's Board of Directors and Mr. Westbrook, President

and Chief Executive Officer of Oneida, have initiated a transition

period that will result in the appointment of his successor as Chief

Executive Officer. It is contemplated that the transition process will

be completed by May 31, 2006, or subject to a mutually agreed upon

extension. Mr. Westbrook has been a member of Oneida's Board of

Directors since October 2004. In conjunction with the company's

restructuring efforts, he was asked to assume the operating position in

March 2005. These restructuring efforts are now being concluded through

the pre-negotiated plan of reorganization filed March 19, 2006. Mr.

Westbrook will continue as a member of the Board pending the

confirmation of the Company's Plan of Reorganization.

 

The Company has engaged Heidrick & Struggles to conduct a search for a

CEO to succeed Mr. Westbrook and expects that this process will

conclude within the next three months.

 

Christopher H. Smith, Chairman of Oneida's Board of Directors, stated,

"We are particularly fortunate to be able recognize the outstanding

talents and extensive contributions of Jim Joseph by promoting him to

the Presidency of Oneida. Our stakeholders wholeheartedly support this

decision.

 

"Jim and our marketing, procurement, logistics and customer service

teams have greatly improved the outlook for Oneida in the past 18

months. There is yet much to do and Jim has the ability and leadership

to maintain and enhance Oneida's dominant position in the tabletop

sector."

 

Mr. Smith commented further, "Terry Westbrook's tenure as CEO of Oneida

has been a time of extraordinary change and progress. It was Terry's

goal to return Oneida to its leadership position in tabletop products

by executing a new strategic marketing plan to improve Oneida's brand

relevance. Achievement of this goal is within sight. He has rebuilt the

senior management team and overseen a turnaround in operating results

while helping to design and implement a program to bring the Company's

leverage within manageable limits. We respect his desire to return to

independent Board membership and the management of his many personal

and business activities."

 

Mr. Westbrook commented, "I am very proud of my role in developing the

plan to return Oneida to a position of prominence in the tabletop

industry. Our consensual recapitalization process should ensure

Oneida's leadership in tabletop products long into the future.

Following its emergence from chapter 11, Oneida will have solid

resources for growth strategies to drive increased profits.

 

"Of equal importance is that we have put together the best management

team in our sector. Jim's promotion to the Presidency has our total

support, and we have the greatest confidence in Jim and his team. With

the recapitalization of the Company and Jim's hand on the helm, the

future is bright, indeed."

 

telita, tendremos q seguir vigilandola, pq igual hay q volver a entrar :cry1:

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jod** me quema el dinero en la cuenta, quiero invertir yaaaaaaaaaaaaaaaaaaaa

 

estoy mirando UBS esta en soporte y si pega una pequeña subida se las puede tincar un buen pico, estoy rastreando el mercado nacional para ver que valores estan en soporte para entrar con menor riesgo

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Mirate Avanzit (rompera el 3€ y subidooon) y Tecnocom (se irá a 12 € en poco tiempo). Las dos están de p*ta madre y subiran. Daran muchas alegrias las dos.

 

Las tengo en cartera las dos y subiendo

 

SALUDOS

Editado por Jovet
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Mirate Avanzit (rompera el 3€ y subidooon) y Tecnocom (se irá a 12 € en poco tiempo). Las dos están de p*ta madre y subiran. Daran muchas alegrias las dos.

 

Las tengo en cartera las dos y subiendo

 

SALUDOS

 

 

tengo puesta orden de compra en avanzit a 2,90 :bsh1:

 

si no me entra, esta tarde al nasdaq q ya estoy mirando valores

 

tecnocom puede seguir subiendo, pero el grafico me asusta para entrar, si corrige puede ser buena compra :cry1:

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