[WSWSS] Rohn...

w6omf [email protected]
Thu, 18 Sep 2003 09:57:21 -0700


PEORIA, Ill., Sept. 16 /PRNewswire-FirstCall/ -- ROHN Industries, Inc., (OTC
Bulletin Board: ROHN), (the "Company") a provider of infrastructure
equipment to the telecommunications industry, announced today that the
Company and five of its direct and indirect subsidiaries have filed
voluntary petitions for Chapter 11 relief in the United States Bankruptcy
Court for the Southern District of Indiana (the "Bankruptcy Court").

The Company also announced that, concurrent with the Chapter 11 filing, it
has entered into a $9.5 million debtor-in-possession ("DIP") line of credit
with the lenders that are party to the Company's Amended and Restated Credit
Agreement, subject to the approval of the Bankruptcy Court, which will
include funds that will be rolled forward from the Company's current credit
facility. Subject to the provisions of the Bankruptcy Code, the Company
remains in possession of its assets and properties, and continues to operate
its business.  The Company said that the objective of the Chapter 11
proceeding is to maximize recovery to creditors by facilitating an orderly
sale of assets. The Company is currently in discussions with an unrelated
third party regarding a proposed sale of the assets of the Company.

Upon the filing of the bankruptcy petition of the Company, but following the
approval by the Board of Directors of the Chapter 11 filing, Stephen Gorman
and Jordan Roderick each have resigned from the Board of Directors of the
Company.  Currently, Horace Ward, the Chief Executive Officer of the
Company, is the only remaining director of the Company.

Commenting on today's announcement, Mr. Ward said,  "Our immediate goal is
to stabilize the Company's financial situation and utilize the Chapter 11
process to enable the Company to conduct normal business operations as the
Company works to complete a sale transaction."

The Company has retained the Indianapolis law firm of Ice Miller to act as
its legal counsel in the bankruptcy proceedings.  The Company has also
retained Silverman Consulting, a national turnaround consulting firm.
73 Larry, W6OMF-Sue, K6SUE
Commitment is the daily triumph of integrity over skepticism."
--Dr. Joseph M. Juran