HOUSTON, Oct. 15, 2008 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq:HWCC), one of the nation's largest distributors of specialty wire and cable, announced it ranked 16th overall in Forbes' 200 Best Small Companies in America for 2008. This ranking compares favorably to the Company's 44th overall position last year.
To qualify for the Top 200, companies must have annual revenues of $5 million to $750 million and a stock price of $5 as of September 29, 2008. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and also over five years. HWCC ranked 3rd in the important 5-year average return on equity category. A complete list of the Top 200 companies can be found in the new October 27th issue at www.forbes.com.
"Inclusion in this list would not be possible without the support of our stakeholders, including advisors, customers, employees and suppliers. I am honored to be a member of such a great team," said Chuck Sorrentino, President & CEO.
About the Company
With more than 30 years experience in the electrical industry, Houston Wire & Cable Company is one of the largest distributors of specialty wire and cable and related services in the U.S. electrical distribution market. Headquartered in Houston, Texas, HWCC has sales and distribution facilities in Atlanta, Baton Rouge, Charlotte, Chicago, Denver, Houston, Los Angeles, Philadelphia, San Francisco, Seattle and Tampa.
The Houston Wire & Cable Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2807
Forward-Looking Statements
This release contains comments concerning management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and projections about future events may and often do vary materially from actual results.
Risk factors that may cause actual results to differ materially from statements made in this press release can be found in the MD&A Section of the Company's Annual Report on Form 10-K for the period ended December 31, 2007. This document and other SEC filings are available under the Investor Relations section of the company's website at www.houwire.com.
Any forward-looking statements speak only as of the date of this press release and the Company undertakes no obligation to publicly update such statements.