American Vanguard Named to BusinessWeek's Hot Growth Companies List.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- American Vanguard Corporation (AMEX AMEX See: American Stock Exchange :AVD AvD Automobilclub von Deutschland (German automobile club) AVD Academy of Veterinary Dentistry AVD Audio Video Design (Melbourne, FL) AVD Audio Video Data AVD Association des Volontaires pour le Développement ) today announced that it has been recognized as one of BusinessWeek's "100 Hot Growth Companies" for the third consecutive year. American Vanguard was ranked #72, up from #93 in 2004. The list is currently available at www.businessweek.com and in the June 6th issue of BusinessWeek. BusinessWeek's selection process begins with a review of a database of 2,200 publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. with revenues of $50 million to $1.5 billion a year. The companies are then ranked by sales and earnings growth, as well as return on capital over three years. Companies must have a market cap of $25 million or more and a stock that trades for at least $5 per share. Companies that under perform the NASDAQ composite The Nasdaq Composite is a stock market index of all of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. are eliminated, as are some with recent earnings disappointments. The top 100 companies make BusinessWeek's "Hot Growth" list. Eric Wintemute, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Vanguard, stated, "We are very proud to have been acknowledged by BusinessWeek for the third year in a row and to have improved our ranking over last year. This recognition reflects the continued successful execution of our core growth strategy - to acquire and license brand name, niche product lines from larger companies, as well as the talent and dedication of our employees." About American Vanguard American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and public and animal health. The Company's basic strategy is to acquire brand name, niche product lines from larger companies that divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. mature products to focus on newly discovered molecules. During 2005, American Vanguard has been recognized for the third consecutive year as one of BusinessWeek's Hot Growth Companies (#72), and during 2004, the Company was recognized as one of Fortune Small Business' America's 100 Fastest Growing Small Companies (#26) and Forbes' 200 Best Small Companies (#34). American Vanguard is included on the Russell 2000(R) and Russell(R) 3000 Indexes. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com. The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company's SEC reports and filings. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. |
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