FOR IMMEDIATE RELEASE
August 17, 2009
For More Information,
Contact:
Jim Drewitz, Investor Relations
830-669-2466
The New Space Will Create A More
Efficient “Current Build” Product Line
ARMSTRONG, Iowa, August 17,
2009 – Art’s Way
Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of
niche agricultural machinery, equipment and services, is pleased to announce
the Company has increased the size of their manufacturing facility in
Armstrong, IA by over 9,000 sq. ft. The new space will house raw materials,
pieces and parts used for manufacturing small run and seasonal farm equipment,
clearing the production floor and manufacturing lines for a more efficient
operation of products that are currently being produced.
The Company has also added
warehouse space in Bath, New York to distribute the Miller Pro line. In 2008,
the Miller Pro line did $ 2.8 million in sales to the Northeast and East Coast.
This warehouse space, in a
key market area, will allow the Company to ship full truckloads on the long
haul eastbound, making Art’s Way more competitive from a total cost-to-dealer
perspective.
J.
Ward McConnell, Jr., Executive Chairman of the Board, said, “From our beginning, we
have manufactured quality, reliable farm machinery and were dedicated to
customer service. Today, in this economic turbulent period, our differentiator
is customer service. To
better serve our customers, we added space to accommodate the increasing demand
for small run, seasonal equipment, while clearing the production lines for
“current build” products. We are now in a position to respond quickly to those
seasonal customer demands without disrupting the flow of our current build
products.
“With
the warehouse space added in the Northeast, we can now have standing inventory on-hand for the
dealers to pull from which should unquestionably help sales, revenue and
customers service.
“With
the Company’s manufacturing strength, the skill of our employees and our
dedication to customer service, I am confident we will continue respond to our
customers specific needs and drive growth quarter after quarter.”
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 and top and bottom drive augers.
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; Art’s Way Scientific Inc.
manufactures modular animal confinement buildings and modular laboratories.
For More Information,
Contact: Jim Drewitz, Investor Relations
830-669-2466 jim@jdcreativeoptions.com
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.
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