Drew Industries Incorporated To Present At RedChip Partners Investor Conference in New York - Sept. 19, 2002; Steve Forbes, Editor-in-Chief of Forbes Magazine, To Speak
WHITE PLAINS, N.Y.--Sept. 6, 2002--Drew Industries Incorporated (Amex: DW) today announced it will participate in the RedChip Partners(TM) Investor Conference in New York on Thursday, Sept. 19, 2002. Drew's presentation, which is scheduled for 2:00 p.m. ET, will include a brief review of the company's past performance and a discussion regarding its future growth prospects.The White Plains, N.Y.-based manufacturer of recreational vehicle and manufactured home components has been spurred by continued market share gains in RV segment, and sustained profitability in the embattled, but soon-to-rebound manufactured housing market. Drew reported sharp increases in net income and net sales for the second quarter of 2002.
Drew's stock has been one of the best-performing investments on the American Stock Exchange over the past 14 months, rising nearly 130 percent from June 30, 2001 to July 8 of this year. The sustained growth also warranted Drew's placement on the Russell 2000 Index.
Drew, which will be represented at the conference by President and CEO Leigh Abrams and Executive VP and CFO Fred Zinn, said it will be participating in its first RedChip conference, and is excited for the opportunity to tell its story to potential investors.
The conference, which will be held at Grand Hyatt New York, begins with on-site registration at 8 a.m. Corporate presentations are scheduled from 9 a.m. to 4:30 p.m. A schedule of corporate presentation times will be available on www.redchip.com before the conference. The hotel is located on Park Avenue at Grand Central Station.
The keynote speaker will be Steve Forbes, president and chief executive officer of Forbes and editor-in-chief of Forbes magazine. Mr. Forbes, a widely respected economic prognosticator, returned to publishing in 2000 after campaigning for the Republican nomination for the presidency and led the company's expansion into new publications and businesses. The company's flagship publication, Forbes, is the nation's leading business magazine, with a circulation of 850,000.
There is no charge for interested investors to attend the daylong event or to listen to a live webcast, but advance registration is required at www.redchip.com or by calling 1-800-REDCHIP (1-800-733-2447).
The conference will be webcast by CCBN and can be accessed at www.redchip.com beginning at 9 a.m. Eastern time on Sept. 19 and will be archived for 60 days on the site. Individual investors can also listen to company presentations through CCBN's individual investor center at www.companyboardroom.com. Institutional investors can access the conference via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).
About Drew Industries
Drew (www.drewindustries.com), through its wholly owned subsidiaries Kinro and Lippert Components, supplies a broad array of components for manufactured homes and recreational vehicles, primarily towables and fifth-wheel units. Drew's products include windows and screens, chassis, bath and shower units, axles and tires, and galvanized roofing for manufactured homes, and windows, doors and chassis for recreational vehicles.
About RedChip(TM)
RedChip Companies, LLC is a well-established source of independent research and information on the small-cap market. Dedicated to "discovering tomorrow's blue chips today(TM)," its analysts seek out emerging growth companies and undiscovered small-cap values before they show up on Wall Street's radar screen. Through RedChip Review(TM), the company's flagship publication, analysts provide a unique breadth of coverage and depth of research on relatively unknown small-cap companies. RedChip Partners(TM)provides small-cap companies with access to professional and individual small-cap investors by holding conferences throughout the United States and producing online corporate visibility programs. RedChip Review(TM)was launched in 1993 by Marcus W. Robins, CFA. The company's research, publishing and corporate awareness businesses are based in Portland, Ore.