Patrick Industries Engages Investor Relations Firm Lambert, Edwards & Associates
Taps Small-Cap & Recreational Vehicle/Manufactured Housing Specialists
ELKHART, Ind., July 20 -- Patrick Industries, Inc. , a leading manufacturer and distributor of building and component products for the Recreational Vehicle (RV) and Manufactured Housing (MH) industries, today announced it has hired Lambert, Edwards & Associates, Inc. (LE&A) to assist and advise on the Company's investor relations activities.
"We have engaged LE&A to help increase awareness in the financial community about the Company and its financial strength, growth, and market potential," said Paul E. Hassler, president and CEO of Patrick Industries, Inc. "We are excited about the opportunity to work with LE&A, which has a proven track record of putting small-cap companies in the RV and MH industries onto the radar screens of analysts, investors and national media outlets."
Jeff Lambert, managing partner of LE&A said, "Patrick Industries fits well with our existing roster of publicly-traded RV and MH clients, and we are eager to convey the Patrick story to shareholders, investors, analysts and media. By communicating the Company's emerging growth platform and under- valuation to the investment community, we aim to increase shareholder value for the Company, while building sustained interest in its future."
About Patrick Industries
Patrick Industries, Inc. (http://www.patrickind.com/ ) is a major manufacturer of component products and a distributor of building products serving the Manufactured Housing, Recreational Vehicle, Kitchen Cabinet, Home and Office Furniture, Fixture and Commercial Furnishings, Marine, and other Industrial markets and operates coast to coast in thirteen states. Patrick's major manufactured products include cabinet and wall components, countertops, adhesives, and aluminum extrusions. The company also distributes drywall and drywall finishing products, interior passage doors, flooring, vinyl and cement siding, ceramic tile, high pressure laminates, and other miscellaneous products.
About LE&A
Lambert, Edwards & Associates (http://www.lambert-edwards.com/ ) is a leading investor relations firm with more than 70 clients in 17 states. Based in Grand Rapids, Mich., the firm and its principals have more than a decade of experience working with RV and manufactured housing companies, spanning privately held and publicly traded dealers, suppliers and OEMs.
Forward-Looking Information
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive position, growth opportunities for existing products, plans and objectives of management, markets for the Company's common stock and other matters. Statements in this press release that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Exchange Act and Section 27A of the Securities Act. Forward-looking statements, including, without limitation, those relating to our future business prospects, revenues and income, wherever they occur in this press release, are necessarily estimates reflecting the best judgment of our senior management at the time such statements were made, and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by forward-looking statements. The Company does not undertake to update forward- looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. You should consider forward- looking statements, therefore, in light of various important factors, including those set forth in this press release. There are a number of factors, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include pricing pressures due to competition, costs and availability of raw materials, availability of retail and wholesale financing for manufactured homes, availability and costs of labor, inventory levels of retailers and manufacturers, levels of repossessed manufactured homes, the financial condition of our customers, interest rates, oil and gasoline prices, the outcome of litigation, volume of orders related to hurricane damage and operating margins on such business, and adverse weather conditions impacting retail sales. In addition, national and regional economic conditions and consumer confidence may affect the retail sale of recreational vehicles and manufactured homes.