Met-Pro Corporation is Named to Forbes Magazine '200 Best Small Companies' List for Third Consecutive Year
October 23 2008 - 12:00PM
PR Newswire (US)
HARLEYSVILLE, Pa., Oct. 23 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company has been recognized as
one of America's "200 Best Small Companies" by Forbes magazine for
the third consecutive year. According to Forbes, this list is
comprised of "the strongest small public outfits in a very tough
time." The candidates, all with sales between $5 million and $750
million and share prices above $5 as of September 29, were judged
according to return on equity, as well as sustained sales and net
profit growth over both the last five years and last 12 months.
Forbes also compared a company's stock performance with that of its
industry peers. "We are honored to be acknowledged by Forbes again
this year and are especially pleased to see our ranking improve by
more than 40 places," said De Hont. "This achievement continues to
be a source of great pride for our dedicated employees, without
whom this special recognition would not be possible." The complete
"200 Best Small Companies" list appears in the October 27, 2008
issue of Forbes Magazine, and is currently available online at
http://www.forbes.com/200best. About Met-Pro Met-Pro Corporation,
with headquarters at 160 Cassell Road, Harleysville, Pennsylvania,
was named earlier this year as one of the world's "Top Small to
Midsize Manufacturers" by Start-It magazine for the second year in
a row. 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; Mefiag filtration technologies for harsh,
corrosive liquid filtration applications; and filtration and
purification technologies which include proprietary water treatment
chemicals and filter products for air and liquid filtration. 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 news 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 website at
http://www.met-pro.com/. Contact: Investor Contact: Gary J. Morgan
Senior Vice President of Finance, CFO 215-723-6751, Joseph Hassett,
VP Gregory FCA Communications 610-228-2110 DATASOURCE: Met-Pro
Corporation CONTACT: Investor Contact: Gary J. Morgan, Senior Vice
President of Finance, CFO, +1-215-723-6751, , or Joseph Hassett, VP
of Gregory FCA Communications for Met-Pro, +1-610-228-2110 Web
site: http://www.met-pro.com/ http://www.forbes.com/200best
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