SBS Technologies, Inc. Named One Of Business Week's 100 Hot Growth Companies
SBS Technologies, Inc. (NASDAQ: SBSE) today announced that it has been named to Business Week's 1999 Hot Growth list of 100 fastest-growing small companies. This 15th annual Hot Growth listing ranks publicly traded corporations according to their three-year results in sales growth, earnings growth, and return on invested capital, based on the latest figures from continuing operations available through the most recent 12 months. Technology companies led the list, as in previous years, although a broad range of industries and sectors were represented. The combined list features average annual sales growth of 44.5% and average annual earnings growth of 89.5% for the past three years, exceeding the Standard & Poorís Industrials companies, which reported 6.2% sales growth and 6.7% earnings growth during the same period. "We are pleased to be identified as a leading growth company by one of the foremost authorities on business. SBS will continue to do our best to merit this kind of recognition," said Christopher J. Amenson, Chairman and CEO of SBS Technologies. "The performance of our company is the result of a lot of hard work by our employees and their continuing diligence in satisfying customers and building the strategic value of this company," Amenson continued. SBS Technologies, Inc. (NASDAQ: SBSE) was founded in 1986 and has been listed on the Nasdaq Stock Market© since 1992. Headquartered in Albuquerque, New Mexico, SBS Technologies has six additional operating locations throughout the U.S. and Germany. SBS is a leading manufacturer of embedded computer components and systems used in a variety of applications, such as communications, medical imaging, industrial control, and flight instrumentation, in the commercial and aerospace markets. The company markets its products to original equipment manufacturers (OEMs) and large commercial and defense end-users through a worldwide direct sales force, global channels, and an extensive service and support network. Additional information about SBS Technologies and its products is available through the company's web site at http://www.sbs.com This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results or outcomes to differ materially from those anticipated. These forward looking statements should be considered in light of the risk factors listed in the Company's Annual Report on Form 10-K for the year ending June 30, 1998 filed with the Securities and Exchange Commission.