TechPrecision Corporation Retains Hayden IR to Develop a Comprehensive Investor Relations Program
2010年2月4日 - 10:00PM
PRニュース・ワイアー (英語)
WESTMINSTER, Mass., Feb. 4 /PRNewswire-FirstCall/ -- TechPrecision
Corporation (OTC:TPCS) (BULLETIN BOARD: TPCS) ("TechPrecision", or
"the Company"), a leading manufacturer of large-scale,
high-precision machined metal fabrications with customers in the
alternative energy, medical, nuclear, defense, aerospace and other
commercial industries, today announced that it has retained Hayden
IR, a national, New York-based investor relations consulting firm,
to develop an investor relations program to raise its visibility
and strengthen its relationships with the investment community. "In
2009, TechPrecision brought in a new leadership team and
strengthened its Board of Directors," commented Interim Chief
Executive Officer Lou Winoski. "With a strong management, sales and
marketing, and business development team in place, we are keenly
focused on broadening TechPrecision's addressable markets and
leveraging our unique capabilities to drive future growth and we
want to communicate this with existing and potential investors. We
took the opportunity to retain Hayden as they came highly
recommended as an agency that could promote the investment of our
existing shareholders and introduce us to new shareholders who
would understand and embrace our business model as our industry
recovers from the recent downturn." With offices in New York,
Phoenix, Minneapolis and San Diego, Hayden IR provides a
comprehensive range of investor relations services to a growing
list of clients. For more than a decade, Hayden IR has been a
recognized leader in driving market recognition and creating
sustainable competitive advantages for more than 100 micro- and
small-cap companies. Hayden delivers expertise and professionalism
in such areas as investor management, relationship building,
awareness campaigns, online presence and corporate identity. Brett
Maas, Managing Partner at Hayden IR, added, "TechPrecision is a
highly valuable contractor in its identified industry sectors due
to leveraging its expertise from over 50 years of developing
mission critical products. They are diversifying their platform and
product mix to sustain long-term growth and are targeting
high-margin projects with more predictable cost structures as
currently 75-80% of their gross profit drops to the EBITDA line.
They have seen a 100% return on their Ranor acquisition in just
three years. They have a solid balance sheet with $9.5 million in
cash. We believe TechPrecision is well positioned for the future
and represents a value play for investors looking for growth at a
reasonable price." About TechPrecision Corporation TechPrecision
Corporation, through its wholly-owned subsidiary Ranor, Inc.,
manufactures metal fabricated and machined precision components and
equipment. These products are used in a variety of markets
including: alternative energy, medical, nuclear, defense,
industrial, and aerospace to name a few. TechPrecision's goal is to
be an end-to-end service provider to its customers by furnishing
customized and integrated "turn-key" solutions for completed
products requiring custom fabrication and machining, assembly,
inspection and testing. To learn more about the Company, please
visit the corporate website at http://www.techprecision.com/.
Information on the Company's website or any other website does not
constitute a part of this press release. Safe Harbor Statement This
release contains certain "forward-looking statements" relating to
the business of the Company and its subsidiary companies. These
forward looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions. Such forward looking statements involve known
and unknown risks and uncertainties that may cause actual results
to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the Company's ability to generate business from
long-term contracts rather than individual purchase orders, its
dependence upon a limited number of customers, its ability to
successfully bid on projects, and other risks discussed in the
company's periodic reports that are filed with the Securities and
Exchange Commission and available on its website
(http://www.sec.gov/). All forward-looking statements attributable
to the Company or to persons acting on its behalf are expressly
qualified in their entirety by these factors other than as required
under the securities laws. The Company does not assume a duty to
update these forward-looking statements. DATASOURCE: TechPrecision
Corporation CONTACT: Mr. Richard F. Fitzgerald, Chief Financial
Officer of TechPrecision Corporation, +1-610-246-2116, ; or Brett
Maas, , or Cameron Donahue, both of Hayden IR, +1-646-536-7331 Web
Site: http://www.techprecision.com/
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