Williams Controls, Inc. (WMCO) Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell
ADVISORY, March 13, 2007 (PRIME NEWSWIRE) --
What: Patrick Cavanagh, President and Chief Executive Officer of Williams Controls, Inc. (WMCO), will preside over the closing bell. Williams Controls returns to NASDAQ after being de-listed in 2001 when the company was facing bankruptcy. Today, the 70-year-old company is posting record profits and earnings, fueled by strong international growth in the heavy truck, bus and off-road vehicle markets as the world moves to tougher emission standards. In fiscal 2006, Williams' business in Asia was up 78 percent. This year, the company is doubling production and employment in China and planning a facility in India to meet growing customer demand. Tougher emissions standards for off-road vehicles in North America and Europe are also driving growth, complementing Williams' strong base of NAFTA business. Williams Controls' stock is up 30 percent since it began trading on NASDAQ October 9, 2006. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Wednesday, March 14, 2007 at 4 p.m. ET Contacts: Marta Rhyner, for Williams Controls 312.593.2253 (mobile); firstname.lastname@example.org NASDAQ MarketSite: Jolene Libretto; 646.441.5220; 347.219.9539 Jolene.Libretto@NASDAQ.com
The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.
A live Webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm
To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.
About Williams Controls, Inc. (WMCO):
Williams Controls is a leading global designer and manufacturer of Electronic Throttle Control Systems (ETC) for the heavy truck, bus and off-road markets. The company is headquartered in Portland, Oregon, and currently employs more than 200 people worldwide at locations in North America, Europe and Asia. For more information visit www.wmco.com.
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