Met-Pro Corporation's Dean Pump Division Enters Into Export Management Agreement with Dorian Drake International
January 08 2008 - 8:55AM
PR Newswire (US)
HARLEYSVILLE, Pa., Jan. 8 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Dean Pump Division,
recognized worldwide for high quality pumps and an industry leader
in developing pumps for handling high temperature liquids, has
entered into an agreement with Dorian Drake International Inc., an
innovative leader in the field of export management. Under the
terms of this agreement, Dorian Drake International will manage
exports for Dean Pump in specific international markets including
all of Europe, Africa, New Zealand and the Middle East, as well as
a majority of Asia and parts of South America. "We are excited to
have Dorian Drake as part of our team," said De Hont. "As we
continue to grow globally, this agreement will bring a new level of
service to our existing customers and an exciting new product line
to existing Dorian Drake customers. In addition, Dorian Drake's
established distribution network will provide an immediate market
presence for unearthing new applications, customers and
opportunities." About Met-Pro Met-Pro Corporation, with
headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was
recently recognized, for the second consecutive year, as one of
America's "200 Best Small Companies" by Forbes magazine. The
Company was also recently named as one of America's "Top
Publicly-Held Manufacturers" by Start-It magazine. Through its
business units, in the United States, Canada, Europe and The
People's Republic of China, a wide range of products and services
are offered for industrial, commercial, municipal and residential
markets worldwide. These include product recovery and pollution
control technologies for purification of air and liquids; fluid
handling technologies for corrosive, abrasive and high temperature
liquids; and filtration and purification technologies including
proprietary water treatment chemicals and filter products. For more
information, please visit http://www.met-pro.com/. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in
this press release, and other materials filed or to be filed with
the Securities and Exchange Commission (as well as information
included in oral or other written statements made or to be made by
the Company) contain statements that are forward-looking. Such
statements may relate to plans for future expansion, business
development activities, capital spending, financing, the effects of
regulation and competition, or anticipated sales or earnings
results. Such information involves risks and uncertainties that
could significantly affect results in the future and, accordingly,
such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to,
the cancellation or delay of purchase orders and shipments, product
development activities, computer systems implementation, dependence
on existing management, the continuation of effective cost and
quality control measures, retention of customers, global economic
and market conditions, and changes in federal or state laws.
Met-Pro common shares are traded on the New York Stock Exchange,
symbol MPR. To obtain an Annual Report or additional information on
the Company, please call 215-723-6751 and ask for the Investor
Relations Department, or visit the Company's Web site at
http://www.met-pro.com/. Contact: Investor Contact: Gary J. Morgan,
Senior VP of Finance, CFO 215-723-6751 DATASOURCE: Met-Pro
Corporation CONTACT: Gary J. Morgan, Senior VP of Finance, CFO of
Met-Pro Corporation, +1-215-723-6751, Web site:
http://www.met-pro.com/
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