HOUSTON, May 31, 2007 (PRIME NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq:HWCC), one of the nation's largest distributors of specialty wire and cable, announced its position in the top 10 of BusinessWeek's annual "Hot Growth" list of the 100 best small companies in the United States.
"Driving for excellence all day, every day, really does result in big wins and I am proud to be part of this winning team," said Chuck Sorrentino, HWCC's President & CEO.
To identify "Hot Growth" companies, BusinessWeek reviews Standard & Poor's database of 10,000 public companies with annual revenues of $50 million to $1.5 billion. Businesses are ranked by three-year sales and earnings growth as well as return on capital. Companies must have a market cap of $25 million or more and a stock price of at least $5. To review the article in its entirety, visit www.businessweek.com
About Houston Wire & Cable Company
With more than 30 years experience in the electrical industry, HWCC is one of the largest distributors of specialty wire and cable and related services in the U.S. electrical distribution market. Headquartered in Houston, 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.primezone.com/newsroom/prs/?pkgid=2807
The BusinessWeek Hot Growth Companies logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3787
Forward-Looking Statements
This release may contain information about 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. Forward-looking statements included in this press release or the article written by BusinessWeek, represent the Company's views as of the date of this press release and these views could change as a result of various important factors, including, but not limited to, economic downturns and cyclicality in the markets served, risks associated with inventory, fluctuations in the prices of copper and other commodities, changes in relationships with customers, dependence on third-party manufacturers and suppliers, changes in the terms of vendor rebate programs, loss of key personnel or difficulties recruiting and retaining new qualified personnel, market acceptance of our private branded products, success of initiatives to penetrate targeted markets, future capital needs and uncertainty of additional financing, new or changed competitors and other risks and challenges. For a complete discussion of risk factors, please review our Annual Report on Form 10-K for the year ended December 31, 2006, filed with the SEC on March 14, 2007.