Met-Pro Corporation is Named One of 'America's Fastest-Growing Small Public Companies' by Fortune Small Business Magazine
July 07 2009 - 9:00AM
PR Newswire (US)
HARLEYSVILLE, Pa., July 7 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company has been recognized as
one of "America's fastest-growing small public companies" by
Fortune Small Business magazine. According to Fortune Small
Business, the ninth annual "FSB 100" "constitutes an elite group of
small public companies: the best of the best. In this Great
Recession, their performance is nothing short of miraculous." The
candidates, all with revenues of less than $200 million and a stock
price of more than $1, were judged according to their three-year
annualized rates of revenue growth and total return to investors,
through the quarter ended on or before Dec. 31, 2008. For the first
time, Fortune Small Business added a new requirement stating that
companies with losses in any of the four quarters ended on or
before Dec. 31, 2008, were excluded from the list. "We are honored
to be acknowledged by Fortune Small Business magazine," said De
Hont. "During such challenging economic times, this achievement is
a source of great pride for our dedicated employees, without whom
this special recognition would not be possible." Met-Pro's Board of
Directors, at their meeting on June 3, 2009, declared a quarterly
dividend of $0.06 per share payable on September 11, 2009 to
shareholders of record at the close of business on August 28, 2009.
This dividend represents a 9.1% increase over the same period last
year. This is the thirty-fourth consecutive year that Met-Pro
Corporation has paid either a cash or stock dividend. The complete
"FSB 100" list appears in the July/August issue of Fortune Small
Business Magazine, and is currently available online at
http://money.cnn.com/magazines/fsb/fsb100/2009/full_list/index.html.
About Met-Pro Met-Pro Corporation, with headquarters at 160 Cassell
Road, Harleysville, Pennsylvania, was recognized in 2008, for the
third consecutive year, as one of America's "200 Best Small
Companies" by Forbes magazine. Through its business units, in the
United States, Canada, Europe and The People's Republic of China, a
wide range of products and services are offered for industrial,
commercial, municipal and residential markets worldwide. These
include product recovery and pollution control technologies for
purification of air and liquids; fluid handling technologies for
corrosive, abrasive and high temperature liquids; Mefiag filtration
technologies for harsh, corrosive liquid filtration applications;
and filtration and purification technologies which include
proprietary water treatment chemicals and filter products for air
and liquid filtration. For more information, please visit
http://www.met-pro.com/. The Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for forward-looking
statements. Certain information included in this news release, and
other materials filed or to be filed with the Securities and
Exchange Commission (as well as information included in oral or
other written statements made or to be made by the Company),
contain statements that are forward-looking. Such statements may
relate to plans for future expansion, business development
activities, capital spending, financing, the effects of regulation
and competition, or anticipated sales or earnings results. Such
information involves risks and uncertainties that could
significantly affect results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to,
the cancellation or delay of purchase orders and shipments, product
development activities, computer systems implementation, dependence
on existing management, the continuation of effective cost and
quality control measures, retention of customers, global economic
and market conditions, and changes in federal or state laws.
Met-Pro common shares are traded on the New York Stock Exchange,
symbol MPR. To obtain an Annual Report or additional information on
the Company, please call 215-723-6751 and ask for the Investor
Relations Department, or visit the Company's website at
http://www.met-pro.com/. Contact: Investor Contact: Gary J. Morgan,
Senior Vice President of Finance, CFO 215-723-6751 Joseph Hassett,
VP Gregory FCA Communications 610-228-2110 DATASOURCE: Met-Pro
Corporation CONTACT: Investors: Gary J. Morgan, Senior Vice
President of Finance, CFO of Met-Pro Corporation, +1-215-723-6751;
or Joseph Hassett, VP of Gregory FCA Communications,
+1-610-228-2110 Web Site: http://www.met-pro.com/
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