Corporate Profile for Ault Inc., dated 03/27/98.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: 03/27/98
Company Name: Ault Inc.
Address: 7300 Boone Ave. N.
Minneapolis, MN
55428
Main Telephone
Number: 612/493-1900
Internet Home
Page Address
(URL): www.aultinc.com
Chief Executive
Officer: Frederick M. Green
Chief Financial
Officer: Carlos S. Montague
Investor Relations
Contact: Dick Cinquina
Business number: 612/338-0810
Home number: N/A
e-mail address: N/A
Public Relations
Contact: Cynthia Trojanowski
Business number: 612/493-1943
Home number: 612/636-9275
e-mail address: N/A
Trading Symbol/
Exchange: AULT/Nasdaq
Industry: Power supply/power conversion products
Market Makers: N/A
Company description: Ault Incorporated (Nasdaq National Market: AULT) is the largest independent manufacturer of external power sup- plies plies 1 v. Third person singular present tense of ply1. n. Plural of ply1. , battery chargers and transformers based in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Fiscal 1997 marked Ault's third consecutive year of record operating results. Sales have grown at a three-year compound annual rate of 24%, while net income has increased at a 130% compound annual rate. In May 1997, Business Week Magazine ranked Ault among its 100 "Hot Growth Companies" based on three-year sales, profits and return on capital. Fiscal year 1997 sales were $40 million (June 1, 1996-May 31, 1997). All of Ault's products change the voltages supplied by power companies (110V in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 220V in Europe and Asia) to lower voltages required to power OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and (original equipment manaufactur- ers) products in the data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , computer peripherals and medical equipment markets. Within these markets, Ault develops and sells standard, semi-custom and custom power solutions. We provide: Engineering Support: Our in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. staff has more than 100 years of combined experience in design for OEMs. Localized Translated into the spoken language of the country. See localization. Service - Distributors and reps are strategically located in the U.S., Canada, Europe and Japan to provide prompt, professional assistance. International Certification Capabilities - In-house safety agency process to reduce approvals for OEMs. Multiple Manufacturing Venues - Worldwide operations to meet global needs. CONTACT: Ault Incorporated |
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