SPRINGFIELD, Mo., April 29, 2010 (GLOBE NEWSWIRE) -- As a result of the global economic crisis, Paul Mueller Company (Pink Sheets:MUEL), like many companies, has experienced a downturn in business. The Company has responded by "right sizing" the operations to reflect today's market conditions, successfully maintaining a positive cash position, and retaining its core competencies in anticipation of the eventual recovery. The strong financial condition of the Company has allowed it to successfully move forward during a time of significant business challenges for many of our customers. We, at Paul Mueller Company, remain committed to the markets we serve and our many loyal customers.
Paul Mueller Company manufactures stainless steel equipment and performs onsite construction and repair/maintenance in over 100 countries worldwide on dairy farms and in a wide variety of industrial applications, including food, dairy, beverage processing; pharmaceutical, biotechnological, and chemical processing; water distillation; heat transfer; HVAC; heat recovery; process cooling; and thermal energy storage.
This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance, growth, conditions or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statements due to a variety of factors, including but not limited to the factors described on page 33 of the Company's 2009 Annual Report. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.