Thursday, August 28, 2008 5:06:07 PM
The Company intends to file an Annual Report on Form 10-K for the year ended December 31, 2007 with the Securities and Exchange Commission on or before September 15, 2008. The Company anticipates that its consolidated statement of operations included in its Annual Report on Form 10-K for the year ended December 31, 2007 will report net sales of approximately $890 million, representing an increase of over $694 million from net sales of $196 million for the year ended December 31, 2006. The increase in net sales was primarily due to contracts awarded under the United States military’s Mine Resistant Ambush Protected (“MRAP”) vehicle program. Although revenues increased in 2007, the Company expects that 2007 net income will be significantly lower than the $16.6 million of net income that the Company reported for the year ended December 31, 2006.
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