Interstate National Dealer Services is One of the Best 200 Small Companies
27 October 1999
Interstate National Dealer Services, Inc. Selected as One of the Best 200 Small Companies in America, 1999 in Forbes Magazine Survey for the Third Consecutive Year
MITCHEL FIELD, N.Y.--Oct. 27, 1999--Interstate National Dealer Services, Inc. (NASDAQ NM:ISTN) is pleased to report that for the third consecutive year it has been selected by Forbes Magazine, a leading financial publication, as one of the 200 Best Small Companies in America, 1999. Forbes Magazine (November 1, 1999 issue) ranked every company based on a composite score that measures growth and profitability over the past five years and the latest 12 months.Mr. Chester J. Luby, Chairman and CEO, noted, "It is with great pride and satisfaction to note that for the third year in a row Forbes Magazine has recognized that Interstate is one of the top 200 small companies in America. Very few companies have attained this distinction and this achievement is recognition befitting the outstanding job that our employees have done over the past year. Our clients and suppliers have contributed immeasurably to our success and we thank them as well for their steadfast support. Interstate will strive to warrant Forbes Magazine's continued recognition in the future and we believe that our new initiatives, including our unique internet complete car buying site, UAUTOBID.com, will position us to do so."
Interstate is a leading nationwide provider of service contracts and extended warranties, primarily for new and used cars and recreational vehicles, as well as watercraft, manufactured housing, motorcycles and other power sport vehicles. Please visit our websites: http://www.inds.com for information on the Company and http://www.uautobid.com for the most comprehensive listing on the Internet of everything auto-related.
This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not be even anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's report on Form 8-K filed with the Securities and Exchange Commission on December 23, 1996.