Coast Distribution System Ranked #62 on Fortune's List of 'Fastest-Growing Small Public Companies'
2006年7月13日 - 1:19AM
PRニュース・ワイアー (英語)
Stock Posts Three-Year Annualized Return of 61.4 Percent MORGAN
HILL, Calif., July 12 /PRNewswire-FirstCall/ -- The Coast
Distribution System, Inc. (AMEX:CRV) was ranked 62nd on this year's
FSB 100, Fortune Small Business magazine's list of the top 100
fastest-growing small public companies in the U.S. Coast, one of
North America's largest suppliers of aftermarket replacement parts,
accessories and supplies for the recreational vehicle (RV) and
marine industries, ranked 40th on the FSB 100 for stock performance
with a three-year annualized return of 61.4 percent and 36th for
growth in earnings per share with a three-year annualized increase
of 62.1 percent. This is the second consecutive year Coast was
ranked on the FSB 100. Last year Coast was ranked 18th. "The FSB
100 is good recognition of the progress we have made during the
last three years," stated Thomas R. McGuire, Chairman and CEO of
Coast. "Our stock performance has been a reflection of our
improving operational performance, and we anticipate this will
continue as we work to grow our business through the introduction
of new products and additional market share." This year's FSB 100
was featured in the July/August 2006 issue of Fortune Small
Business. To compile the list, Fortune identified companies with
annual revenue of less than $200 million and a stock price of more
than $1.00, ranking them based on the past three years' earnings
growth, revenue growth and stock performance. The complete FSB 100
is located at:
http://money.cnn.com/magazines/fsb/fsb100/2006/index.html About The
Coast Distribution System The Coast Distribution System, Inc.
(http://www.coastdistribution.com/ ) is a leading supplier of
parts, accessories and supplies for recreational vehicles (RVs) and
pleasure boats in the U.S. and Canada. Coast supplies its products
to its 14,000 customers through 17 distribution centers throughout
the U.S. and Canada. Coast is publicly traded on the American Stock
Exchange under the ticker symbol CRV. Forward-Looking Information
Statements in this news release regarding our expectations and
beliefs about our future financial performance and trends in our
markets are "forward- looking statements" as defined in the Private
Securities Litigations Reform Act of 1995. Forward-looking
statements often include the words "believe," "expect,"
"anticipate," "intend," "plan," "estimate," "project," or words of
similar meaning, or future or conditional verbs such as "will,"
"would," "should," "could," or "may." The forward-looking
statements in this news release regarding our future financial
performance are based on current information and, because our
business is subject to a number of risks and uncertainties, actual
operating results in the future may differ significantly from the
future financial performance expected at the current time. Those
risks and uncertainties may include, among others: Loss of
confidence among consumers regarding economic conditions, which
could adversely affect their willingness to purchase and use their
RVs and boats and which, in turn, would affect their purchases of
the products we sell; increases in interest rates which affect the
availability and affordability of financing for RVs and boats;
increases in the costs and shortages in the supply of gasoline
which increase the costs of using, and the willingness and ability
of consumers to use, RVs and boats; and unusually severe or
extended winter weather conditions, which can reduce the usage of
RVs and boats for periods extending beyond the ordinary winter
months or to regions that ordinarily encounter milder winter
weather conditions; possible increases in price competition within
our markets that could reduce our margins and, therefore, our
earnings; our practice of obtaining a number of our products from
single manufacturing sources, which could lead to shortages in the
supply of products to us in the event any single source supplier
were to encounter production or other problems; and possible
changes in supply relationships in our markets, which could lead to
increased competition or to reductions in the number of products we
are able to offer our customers. Certain of these risks and
uncertainties, in addition to other risks, are more fully described
in the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2005, as amended by Amendment No. 1 on Form
10-K/A, and readers of this news release are urged to review the
discussion of those risks and uncertainties that are contained in
that Report. Due to these and other possible uncertainties and
risks, readers are cautioned not to place undue reliance on the
forward-looking statements contained in this news release, which
speak only as of today's date, or to make predictions based solely
on historical financial performance. We also disclaim any
obligations to update forward-looking statements contained in this
news release or in the above referenced 2005 Annual Report, whether
as a result of new information, future events or otherwise.
DATASOURCE: The Coast Distribution System, Inc. CONTACT: Sandra
Knell, CFO of The Coast Distribution System, Inc., +1-408-782-6686,
; or Ryan McGrath of Lambert, Edwards & Associates, Inc.,
+1-616-233-0500, , for The Coast Distribution System, Inc. Web
site: http://money.cnn.com/magazines/fsb/fsb100/2006/index.html
http://www.coastdistribution.com/
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