Proliance International, Inc. Receives 2006 Supplier Awards from Aftermarket Auto Parts Alliance, Inc.
NEW HAVEN, Conn.--Proliance International, Inc. (AMEX: PLI) today announced that it has received two Silver Supplier Awards from Aftermarket Auto Parts Alliance, Inc. The awards were given in recognition of excellence in shipping performance for the supply of radiators and heaters to the warehouse distributor group and were recently presented at the Alliance’s Annual Vendor Awards Gathering in Boca Raton, Florida.
“We are honored to have received such important awards,” said Charles E. Johnson, President and CEO of Proliance. “We have developed a longstanding and valued relationship with the members of Aftermarket Auto Parts Alliance, providing radiators, heaters and other products to their distribution centers in North America for over 20 years. We are extremely pleased to participate in the mutual growth our organizations have achieved over the many years of our association, and we look forward to continue working closely with them in the coming years.”
Aftermarket Auto Parts Alliance, Inc. is one of the largest auto parts distribution and marketing organizations in the world. Operating under the Auto Value and Bumper to Bumper brand names, its members are the source for quality parts and service for over 4,500 parts stores and 2,300 certified service centers throughout North America.
Proliance International, Inc. is a leading global manufacturer and distributor of aftermarket heat transfer and temperature control products for automotive and heavy-duty applications serving North America, Central America and Europe.
Proliance International, Inc.’s Strategic Corporate Values Are:
-- Being an Exemplary Corporate Citizen
-- Employing Exceptional People
-- Dedication to World-Class Quality Standards
-- Market Leadership through Superior Customer Service
-- Commitment to Exceptional Financial Performance
FORWARD-LOOKING STATEMENTS
Statements included in this news release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future financial performance of the Company are subject to business conditions and growth in the general economy and automotive and truck business, the impact of competitive products and pricing, changes in customer product mix, failure to obtain new customers or retain old customers or changes in the financial stability of customers, changes in the cost of raw materials, components or finished products and changes in interest rates. Such statements are based upon the current beliefs and expectations of Proliance management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release the terms "anticipate," "believe," "estimate," "expect," "may," "objective," "plan," "possible," "potential," "project," "will" and similar expressions identify forward-looking statements.
In addition, the following factors relating to the merger with the Modine Manufacturing Company aftermarket business, among others, could cause actual results to differ from those set forth in the forward-looking statements: (1) the risk that the businesses will not be integrated successfully; (2) the risk that the cost savings and any revenue synergies from the transaction may not be fully realized or may take longer to realize than expected; (3) disruption from the transaction making it more difficult to maintain relationships with clients, employees or suppliers; (4) the transaction may involve unexpected costs; (5) increased competition and its effect on pricing, spending, third-party relationships and revenues; (6) the risk of new and changing regulation in the U.S. and internationally; (7) the possibility that Proliance’s historical businesses may suffer as a result of the transaction and (8) other uncertainties and risks beyond the control of Proliance. Additional factors that could cause Proliance's results to differ materially from those described in the forward-looking statements can be found in the Annual Report on Form 10-K of Proliance (formerly known as Transpro, Inc.), in the Quarterly Reports on Forms 10-Q of Proliance, and Proliance's other filings with the SEC. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information or otherwise.