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While 71 companies from the 2008 list went unmentioned in this year's prestigious list, Forbes again recognized TESSCO for its consistent pattern of earnings and sales growth, as well as return on equity. Ranked higher than last year, TESSCO again demonstrated its proven ability to meet a series of other rigorous financial benchmarks, including positive sales and net profit growth over the last 12-month and five-year periods.
Chairman, President and CEO Robert B. Barnhill commented, "It is an honor for TESSCO to be included on the Forbes' Best Small Companies in America listing for the third consecutive year. We believe this recognition demonstrates our enduring commitment to the continuous growth of shareowner value."
For more financial data and corporate governance ratings, visit www.forbes.com/200best.
TESSCO Technologies Incorporated (Nasdaq:TESS) is a value-added provider of the product solutions needed to design, build, run, maintain and use wireless systems. TESSCO is committed to delivering, fast and complete, the product needs of wireless system operators, program managers, contractors, resellers, and self- maintained utility, transportation, enterprise and government organizations. As Your Total Source(R) provider of mobile and fixed-wireless network infrastructure products, mobile devices and accessories, and installation, test and maintenance equipment and supplies, TESSCO assures customers of on- time availability, while streamlining their supply chain process and lowering inventories and total costs. To learn more, please visit TESSCO.com.
Forbes is a privately held publishing and news media company. Its flagship publication is Forbes, the oldest of the nation's major business magazines, which recently celebrated its 90th Anniversary. In an industry increasingly dominated by public conglomerates, Forbes remains one of the largest and most successful family businesses of its kind. In recent years, the company has expanded to include Forbes.com, Forbes Conference Group, Forbes Custom Media, and American Heritage. In August 2006, Elevation Partners, a private equity firm, became a minority shareholder in a newly formed company, Forbes Media LLC. For more information, visit www.forbesinc.com.
SOURCE: TESSCO Technologies Incorporated
TESSCO Technologies Incorporated Jamie Holloway, 410-229-1123 hollowayj@tessco.com
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