Supreme Announces Operations Consolidation
FOR IMMEDIATE RELEASE
May 9th, 2008
National Fleet Parts and Kentucky Mounting Station Move to Parent Facility in Indiana
Goshen, Ind.—May 9, 2008—Supreme Industries, Inc. (AMEX: STS), a leading manufacturer of specialized commercial vehicles, including truck bodies, shuttle buses, armored vehicles and luxury motorcoaches, today announced that it is consolidating its National Fleet Parts business into Supreme’s Goshen, Ind., production facility, and has named Rodney Chapman to the newly created position of National Fleet Parts Manager to oversee the operation.
Supreme President and Chief Operating Officer Robert W. Wilson stated, “The consolidation of our parts business is consistent with ongoing company-wide initiatives to reduce costs and better serve customers, particularly large fleet operators, with enhanced responsiveness.”
The Company also announced today the integration of its
He continued, “Our customers in the Greater Louisville area will continue to be served by local sales support, with body production maintained at our
“The actions announced today should further enhance Supreme’s ability to operate efficiently in the current economic environment and intensively competitive marketplace, ultimately enabling us to allocate resources optimally to maximize the Company’s growth and developmental opportunities.”
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Supreme Industries, Inc. (STS), is a nationwide manufacturer of specialized truck bodies produced to the specifications of its customers. Supreme also manufactures special-purpose “shuttle-type” buses, armored vehicles and luxury motorcoaches. The Company's transportation equipment products are used by a wide variety of industrial, commercial, law enforcement and Homeland Security customers.
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This report contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), other than historical facts, which reflect the view of the Company's 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 the Company's management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations are reasonable, and it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, 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 views of the Company's 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.
Supreme Industries, Inc.
Robert W. Wilson, 574-642-4888
President and Chief Operating Officer