Hallwood Group Receives Audit Opinion With Going Concern Explanation

The Hallwood Group Incorporated

reported that its audited consolidated financial statements for the fiscal year ended December 31, 2011, included in the Company's Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission on April 2, 2012, contained an audit opinion from its independent public accounting firm which includes explanatory language related to going concern resulting from the award proposed by the court against the Company and the uncertainty related to the ongoing litigation.