This report contains forward-looking statements, other than historical facts, which reflect the view of management with respect to future events. When used in this report, words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” and similar expressions, as they relate to the Company or its plans or operations, identify forward-looking statements. Such forward-looking statements are based on assumptions made by, and information currently available to, management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward-looking statements are reasonable, and it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, an economic slowdown in the specialized vehicle industry, limitations on the availability of chassis on which the Company’s product is dependent, availability of raw materials, raw material cost increases and severe interest rate increases. Furthermore, the Company can provide no assurance that such raw material cost increases can be passed on to its customers through implementation of price increases for the Company’s products. The forward-looking statements contained herein reflect the current view of management with respect to future events and are subject to those factors and other risks, uncertainties, and assumptions relating to the operations, results of operations, cash flows and financial position of the Company. The Company assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements.News releases and other information on the Company are available on the Internet at: http://www.supremeind.com or http://www.b2i.us/irpass.asp?BzID=1482&to=ea&s=0
Supreme Industries, Inc. (NYSE Amex: STS), a leading manufacturer of specialized commercial vehicles, including truck bodies, shuttle buses, armored vehicles and homeland response vehicles, today announced Matthew W. Long was appointed to the position of chief financial officer, treasurer and assistant secretary. In this role, Long will assume the duties of the Company’s principal financial and accounting officer. Previously, Long, 49, served for eight years as treasurer of CTS Corporation (NYSE: CTS), a designer and manufacturer of sensors and actuators, electronic components and a leading provider of value-added electronics manufacturing services. At CTS, his responsibilities included directing finance activities and tax compliance and planning for 18 manufacturing locations worldwide. He managed the capital structure of the company and led efforts to access credit through debt facilities in North America, Europe and Asia. Previously, he served as assistant treasurer for CTS until May 2003, when he was promoted to the role of treasurer. “Matt adds significant depth to our leadership team,” commented Supreme President and Chief Executive Officer Kim Korth. “His extensive experience in a public company setting, combined with a strong background in financial planning and cost management, will allow Matt to play a key role in helping return Supreme to consistent profitability.” Long holds a bachelor’s degree in Accounting, as well as a master’s degree in Business, Financial Accounting, from Indiana University. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the Indiana Certified Public Accountants Society. To be added to Supreme Industries’ e-mail distribution list, please click on the link below: http://www.clearperspectivegroup.com/clearsite/sts/emailoptin.html. About Supreme Supreme Industries, Inc. (STS), is a nationwide manufacturer of specialized truck bodies produced to the specifications of its customers. Supreme also manufactures the StarTrans® line of special-purpose “shuttle-type” buses. The Company's transportation equipment products are used by a wide variety of industrial, commercial, law enforcement and Homeland Security customers.