(Nasdaq: SPAR) was listed on the 2009 FORTUNE 100 Fastest-Growing Companies
list, as published in the
To compile the list, FORTUNE ranked companies based on the last three
years of revenue, profit growth and total return. Spartan was ranked number 26
on the overall list, and was the seventh fastest growing company in the
“industrial companies” category. Spartan was one of the three companies based
in
“We see this as recognition of the strength of our business model which is
based on a diversified customer base combined with an agile cost structure.
The hard work and dedication of all the Spartan associates toward executing on
this model yielded great success in the last three years,” said John Sztykiel,
president and CEO of
environment will be challenging, the long-term opportunity remains strong as
we will continue to build on the core capabilities of our business model while
seeking out additional opportunities for growth over multi-year periods.”
About
manufactures custom chassis and vehicles for the recreational vehicle, fire
truck, ambulance, emergency-rescue and specialty vehicle markets. The
company’s brand names – Spartan(TM), Crimson Fire(TM), Crimson Fire
Aerials(TM), and Road Rescue(TM) – are known for quality, value, service and
being the first to market with innovative products. The company employs
approximately 1,200 at facilities in
and
focused on becoming the premier manufacturer of specialty vehicles and chassis
in
This release contains forward-looking statements, including, without
limitation, statements concerning our business, future plans and objectives
and the performance of our products. Forward looking statements are
identifiable by words such as “believe,” “anticipate,” “will,” “sustain,” and
“continue.” These forward-looking statements involve certain risks and
uncertainties that ultimately may not prove to be accurate. Actual results
and future events could differ materially from those anticipated in such
statements. Technical complications may arise that could prevent the prompt
implementation of the plans outlined above. The company cautions that these
forward-looking statements are further qualified by other factors including,
but not limited to, those set forth in the company’s Annual Report on Form
10-K filing and other filings with the
Commission
subcontracts typically involve long payment and purchase cycles, competitive
bidding, qualification requirements, delays or changes in funding, extensive
specification development and changes, price negotiations and milestone
requirements. An announced award of a governmental contract is not equivalent
to a finalized executed contract and does not assure that orders will be
issued and filled. Government agencies also often retain some portion of fees
payable upon completion of a project and collection of contract fees may be
delayed for long periods, which can negatively impact both prime contractors
and subcontractors. The company undertakes no obligation to publicly update
or revise any statements in this release, whether as a result of new
information, future events or otherwise, except as required by law.
SOURCE
CONTACT: John Sztykiel, CEO, or
+1-517-543-6400;
both of