JACKSONVILLE, Fla., April 27, 2009 (GLOBE NEWSWIRE) -- PSS World Medical, Inc. (Nasdaq:PSSI) has been named one of Forbes' "Top 100 Most Trustworthy Companies." The annual list, compiled by independent financial analytics firm Audit Integrity, recognizes public companies on American exchanges that have displayed the highest corporate integrity and fair dealing with shareholders. PSS World Medical was one of six medical supply and equipment companies and one of 52 small-cap companies named to the list.
"We are very proud to be included in this prestigious group," said David A. Smith, Chairman and CEO of PSS World Medical. "This ranking is a direct result of our longstanding commitment to conduct our business in a legal and ethical manner as we fanatically focus on our customers, take care of each other, and deliver exceptional results for our shareholders."
The Top 100 were selected from over 12,000 public companies using Audit Integrity's proprietary model. According to Forbes, "To qualify for the roster, the 100 companies had to have market caps of $200 million or more at the time Audit Integrity prepared the list, AGR ratings of 'conservative' or 'average' over each of the last four quarters and no amended filings with the Securities and Exchange Commission or material restatements over the last year. They also had to rank high in Audit Integrity's Equity Risk Ranking, which indicates a positive forecast for equity returns."
According to Forbes, "Audit Integrity finds that its 100 Most Trustworthy Companies have consistently shown transparent and conservative accounting practices and solid corporate governance and management. These companies do not play games with revenue and expense recognition, or with asset valuation."
PSS World Medical, Inc. is a national distributor of medical products to physicians and elder care providers through its two business units. Since its inception in 1983, PSS has become a leader in the two market segments that it serves with a focused market approach to customer services, a consultative sales force, strategic acquisitions, strong arrangements with product manufacturers and a unique culture of performance.
(NASDAQ GS:PSSI) - E