Hauppauge,
NY, October 17, 2000 -- United-Guardian, Inc. (AMEX:UG)
announced today that it has been ranked 120th
on Forbes Magazine’s comprehensive list of the “200
Best Small Companies in America”.
This is the first time the company has appeared on
this list, and it is an indication of the excellent
progress the company has made over the past few years in
increasing its revenue, earnings, and financial strength.
In order to even be considered for inclusion on
this list a company must have sales of between $5 million
and $350 million, show at least a 5% annual growth in
revenue and earnings-per-share over the past five years,
and have total net income in excess of $1 million over the
past four fiscal quarters.
In the case of United-Guardian, the earnings growth
rate over the past five years has averaged 40% per year,
placing United 78th out of the 200 companies
listed. It
also ranked 85th for average annual growth in
Return on Equity over the past five years, 55th
for Return on Equity growth over the past 12 months, and
33rd for Return on Enterprise Value.
Kenneth
H. Globus, President of United-Guardian, stated: “We are
very pleased to be recognized by Forbes Magazine as one of
the best small companies in America, and are very proud to
be included on a list that contains such well-known
companies as eBay, Perry Ellis, and Learning Tree. Our
inclusion on this list is the result of the ongoing
efforts we have been making over the past few years to
expand the marketing of our existing products, develop new
and unique products for the cosmetic market, and to
streamline our operations.
We are continuing to work on many exciting new
projects and products for the personal care and medical
markets that have the potential to increase our revenue
and earnings dramatically over the next few years.
We are very excited to have the growth we have
experienced recognized by one of the country’s leading
financial magazines, and hope that this will be just the
first of many years of being included on such a
prestigious list.”
United-Guardian is a
manufacturer of cosmetic ingredients, personal and health
care products, pharmaceuticals, and specialty industrial
products.
Contact:
Robert S. Rubinger
Public Relations
(631) 273-0900
NOTE: This press release contains both historical and
"forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995.
These statements about the company’s expectations
or beliefs concerning future events, such as financial
performance, business prospects, and similar matters, are
being made in reliance upon the “safe harbor”
provisions of that Act. Such statements are subject to a
variety of factors that could cause Registrant’s actual
results or performance to differ materially from the
anticipated results or performance expressed or implied by
such forward-looking statements. For further information
about the risks and uncertainties that may affect the
company’s business please refer to the company's reports
and filings with the Securities and Exchange Commission.
