Spartan Motors, Inc. To Present At RedChip Partners Investor Conference in New York- Sept. 19, 2002; Steve Forbes, Editor-in-Chief of Forbes Magazine, To Speak

    CHARLOTTE, Mich.--Sept. 6, 2002--Spartan Motors, Inc. today announced it will be presenting at the RedChip Partners(TM) Investor Conference in New York on Thursday, Sept. 19, 2002. Spartan's presentation, which is scheduled for 1:30 p.m. ET, will include a brief review of the company's past performance and a discussion regarding its future growth prospects in its core recreational vehicle and emergency-rescue markets.
    The Charlotte, Mich.-based manufacturer of motorhome chassis, fire truck chassis and emergency vehicles is coming off its seventh consecutive improved quarter, and is experiencing continued market growth in each of its niches.
    Spartan Motors' net sales and net income have been steadily growing as a result of both the resurgence of the RV industry and the Bush administration's increase in funding for emergency-rescue departments, which has fueled fleet upgrades across the nation as municipalities and townships work to bring their emergency vehicles up to date in the wake of 9-11.
    Spartan's stock has also risen dramatically over the past 18 months. The result of market share gains, lean manufacturing, concentration on engineering and successful introductions for new and innovative products in each of its segments, the Company's quarterly earnings have driven the stock price from around $2 in January 2001 to nearly $16 in July of this year.
    Spartan Motors is also embarking on its first year as a Russell 3000 company. Spartan was added to the Russell 2000 Index in July, due to its substantial increase in market value over the past year-and-a-half.
    Spartan CEO John Sztykiel and CFO Jim Knapp will tell the Company's story to current and potential investors during the RedChip Partners conference this month.
    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 Spartan Motors

    Spartan Motors, Inc. (www.spartanmotors.com) is a leading developer and manufacturer of custom chassis for recreational vehicles, fire trucks, ambulances and other specialty vehicles. The Company also owns fire and rescue vehicle manufacturers Luverne Fire Apparatus, Quality Manufacturing and Road Rescue, Inc.

    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.