The Company has scheduled a conference call to discuss its fourth quarter and full year 2005 financial results for 9:00 a.m. Central Time on the same day. ASV CEO and Chairman Gary Lemke, along with ASV President Mark Glasnapp and ASV Chief Financial Officer Tom Karges, will host the conference call.
"Our earnings release and conference call were originally scheduled for Tuesday, February 28, 2006," said Chairman and CEO Gary Lemke. "However, shortly before the planned release date an issue arose regarding the accounting classification applied to an $8.3 million equipment purchase during the quarter ended June 30, 2005. We felt that the prudent course of action was to postpone the release and conference call pending resolution of this issue. We have now resolved this issue to our satisfaction and are pleased to report that no changes were required in our results for the year and quarter ended December 31, 2005 as a result of this resolution."
The call will be broadcast over the Internet and can be accessed at either www.InvestorCalendar.com or ASV's web site, www.asvi.com, in the investor relations section under the "About ASV" tab. To listen to the call, go to either of the two Web sites at least 15 minutes prior to the call to register, download and install any needed audio software. A replay of the call will be available both telephonically and over the Internet approximately one hour after its conclusion. The telephonic replay information will be provided in the Company's earnings release. The Internet replay will be available for 30 days and can be accessed at www.InvestorCalendar.com or www.asvi.com in the same manner as discussed above.
About ASV
ASV designs, manufactures and sells rubber track loaders and related accessories, attachments and traction products. ASV also manufactures rubber track undercarriages, some of which are a primary component on Caterpillar's Multi Terrain Loaders. With its patented undercarriage technology, ASV leads all rubber track loaders in technology and innovation. ASV's products are able to traverse nearly any terrain with minimal damage to the ground, making it effective in industries such as construction, landscaping and agriculture. ASV's wholly-owned subsidiary Loegering Mfg. Inc. provides traction products and attachments for the skid-steer industry. For more information, visit ASV's website at www.asvi.com or Loegering's website at www.loegering.com.