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| FOR IMMEDIATE RELEASE June 4, 2008 |
For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466 |
ART’S-WAY MANUFACTURING RECEIVES NEW ORDERS FOR $2.2 MILLION FROM NEW DISTRIBUTORS IN WESTERN EUROPE AND THE FAR EAST.
Adds New Global Clients While Supporting Existing Customers
Increases Level Of Existing Backlog
Revenue To Be Recognized In 2008
ARMSTRONG, Iowa, June 4, 2008 – Art’s-Way Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, announces it has sold containers of the Company’s xxxxxxxxx and xxxxxx to new distributors in Western Europe and The Far East. These new international distributors were acquired at the Agritechnica 2007 show in Hanover, Germany, the world’s largest agricultural equipment exhibition.
J. Ward McConnell, Jr., Chairman of the Board, said, “I am very pleased to announce these new orders and our continued expansion into the Western Europe and our entrance Far East marketplace. The demand for quality farming equipment globally remains robust and this is an outstanding opportunity to introduce our unique brand of reliable and durable equipment to a new consumer base. These new contracts add to an already high level of confirmed backlog now measuring more than $XX Million.
“While we work hard to attract new clients, especially global clients, Art’s Way Manufacturing business is in fact built upon a strong base of existing and returning customers and we look forward to continuing to do so in the future.”
About Art’s Way Manufacturing, Inc.
Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.
For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466
Or visit the Company’s website at www.artsway-mfg.com
This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.
