Spartan Motors Added to S&P SmallCap 600 Index

FOR IMMEDIATE RELEASE


 


Spartan Motors Added to S&P SmallCap 600 Index

 

CHARLOTTE, Michigan, Nov. 1, 2007 - Spartan Motors, Inc.
announced it will be added to the Standard & Poor's S&P SmallCap 600
Index at the close of trading today, according to a list of changes
published by Standard & Poor's earlier this week.

 

"We are pleased with our inclusion in this index, as it reflects where
we come from and where we can potentially go," said John Sztykiel, chief
executive officer of Spartan Motors.  "Standard & Poor's indexes are
widely used among the investment community, and this inclusion will
provide greater exposure relative to our stock." 

 

Introduced in 1994, the S&P SmallCap 600 covers approximately 3 percent
of the domestic equities market.  The S&P Index Committee, whose members
include Standard & Poor's economists and index analysts, maintains the
index.  The index follows a set of published guidelines and policies
that provide the transparent methodologies used to maintain the index.

About Spartan Motors

Spartan Motors, Inc. (www.spartanmotors.com
<http://www.spartanmotors.com/> ) designs, engineers and manufactures
custom chassis and vehicles for the recreational vehicle, fire truck,
ambulance, emergency-rescue and specialty vehicle markets.  The
Company's brand names - SpartanPTMP, Crimson FirePTMP, Crimson Fire
AerialsTM, and Road RescuePTMP - are known for quality, value, service
and being the first to market with innovative products.  The Company
employs approximately 1,300 at facilities in Michigan, Pennsylvania,
South Carolina, and South Dakota.  Spartan reported sales of $445
million in 2006 and is focused on becoming the premier manufacturer of
specialty vehicles and chassis in North America.

 

This release contains forward-looking statements, including, without
limitation, statements concerning our business, future plans and
objectives and the performance of our products. These forward-looking
statements involve certain risks and uncertainties that ultimately may
not prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. Technical
complications may arise that could prevent the prompt implementation of
the plans outlined above. The company cautions that these
forward-looking statements are further qualified by other factors
including, but not limited to, those set forth in the company's Annual
Report on Form 10-K filing and other filings with the United States
Securities and Exchange Commission (available at TUhttp://www.sec.govUT
<http://www.sec.gov/> ). Government contracts and subcontracts typically
involve long payment and purchase cycles, competitive bidding,
qualification requirements, delays or changes in funding, extensive
specification development and changes, price negotiations and milestone
requirements.  An announced award of a governmental contract is not
equivalent to a finalized executed contract and does not assure that
orders will be issued and filled.  Government agencies also often retain
some portion of fees payable upon completion of a project and collection
of contract fees may be delayed for long periods, which can negatively
impact both prime contractors and subcontractors. The company undertakes
no obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events or
otherwise, except as required by law. 

 

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CONTACT:  

 

John Sztykiel, CEO, or Jim Knapp, CFO
Jeff Lambert or Ryan McGrath

Spartan Motors, Inc.
Lambert, Edwards & Associates, Inc.   

(517) 543-6400
(616) 233-0500 / rmcgrath@lambert-edwards.com