Attached files
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8-K - FORM 8-K - MILLER INDUSTRIES INC /TN/ | t67357_8k.htm |
EX-99.3 - EXHIBIT 99.3 - MILLER INDUSTRIES INC /TN/ | ex99-3.htm |
EX-99.1 - EXHIBIT 99.1 - MILLER INDUSTRIES INC /TN/ | ex99-1.htm |
EXHIBIT
99.2
8503
Hilltop Drive
Ooltewah,
Tennessee 37363
(423)
238-4171
APPROVED
BY:
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Jeffrey
I. Badgley
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Co-Chief
Executive Officer
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For Immediate Release
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CONTACT:
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Miller
Industries, Inc.
|
||
J.
Vincent Mish, Chief Financial Officer
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(423)
238-4171
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Frank
Madonia, General Counsel
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(423)
238-4171
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FD
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Investor
Contact: Eric Boyriven
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(212)
850-5600
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MILLER
INDUSTRIES ELECTS NEW DIRECTOR
CHATTANOOGA, Tennessee, March 10, 2010
– Miller Industries, Inc. (NYSE: MLR) (the “Company”) today announced the
election of Theodore H. Ashford III to the Company’s Board of Directors
effective as of April 1, 2010. His election will bring the number of
Directors on the Company’s Board to six, of which four will be independent
directors.
Mr.
Ashford, age 46, is the President and Chief Investment Officer of Ashford
Capital Management, Inc. where he is responsible for overseeing the planning and
operation of the company’s investment decisions, processes and related client
services. Over the past four years, he has led the expansion of the firm’s
international investment research effort to areas including China, Canada,
Australia, the European Union and Brazil. He was named to this position in 2003
after serving as an Investment Analyst for 10 years. Mr. Ashford
graduated from Harvard College in 1986 with a Bachelor of Arts in
History.
William
G. Miller, Chairman of the Board and Co-CEO of the Company stated, “We are
pleased to welcome Ted to our Board of Directors. Ted is a recognized business
leader with a strong financial background, and we look forward to benefitting
from his experience and expertise as we continue to execute our operating
strategy going forward.”
- MORE
-
MILLER INDUSTRIES ELECTS NEW DIRECTOR | PAGE 2 |
Miller
Industries is the world’s largest manufacturer of towing and recovery equipment,
and markets its towing and recovery equipment under a number of well-recognized
brands, including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige,
Boniface and Eagle.
Certain
statements in this news release may be deemed to be forward-looking statements,
as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by the use of
words such as “may,” “will,” “should,” “could,” “continue,” “future,”
“potential,” “believe,” “project,” “plan,” “intend,” “seek,” “estimate,”
“predict,” “expect,” “anticipate” and similar expressions, or the negative of
such terms, or other comparable terminology. Forward-looking
statements also include the assumptions underlying or relating to any of the
foregoing statements. Such forward-looking statements are made based
on our management’s beliefs as well as assumptions made by, and information
currently available to, our management. Our actual results may differ
materially from the results anticipated in these forward-looking statements due
to, among other things, economic and market conditions; the risks related to the
general economic health of our customers; our customers’ access to capital and
credit to fund purchases, including the ability of our customers to secure floor
plan financing; the success and timing of existing and additional export and
government orders; the cyclical nature of our industry; changes in fuel and
other transportation costs; our dependence on outside suppliers of raw
materials; changes in the cost of aluminum, steel and related raw materials; and
those other risks discussed in our filings with the SEC, including those risks
discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for
fiscal 2009, which discussion is incorporated herein by this
reference. Such factors are not exclusive. We do not
undertake to update any forward-looking statement that may be made from time to
time by, or on behalf of, our company.