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JERR-DAN ADDS RUSH TOWING SYSTEMS TO ITS NATIONWIDE SALES AND SERVICE NETWORK
GREENCASTLE, PENN. (June 17, 2009) -
Jerr-Dan Corporation, an Oshkosh Corporation [NYSE: OSK] company and a leading manufacturer of towing and recovery equipment, today announced the addition of Rush Towing Systems of San Antonio, Tex., as its distributor for Texas, Oklahoma and New Mexico. Rush Towing Systems will provide sales, service and support for the full line of Jerr-Dan light-, medium- and heavy-duty carriers and wreckers.
Operated by Rush Enterprises, Rush Towing Systems features 22 locations, 400 service bays and an extensive parts inventory across its Jerr-Dan three-state service area. The company also offers a wide range of truck chassis brands, including Peterbilt, Ford, Hino, GMC, Isuzu and UD.
“We’re proud to have Rush Towing Systems join our nationwide sales and service network. Its extensive group of dealerships will provide a new level of support to Jerr-Dan customers throughout Texas, Oklahoma and New Mexico,” said Wilson Jones, Oshkosh Corporation executive vice president, president Fire & Emergency, and interim president of Jerr-Dan Corporation. “Moreover, the company has a national reputation for exceeding customer expectations, and they are a great addition to our team.”
Rush Enterprises [NASDAQ: RUSHA & RUSHB] operates the largest network of heavy- and medium-duty truck dealerships in North America. Its current truck operations include a network located throughout the southern United States in Alabama, Arizona, California, Colorado, Florida, Georgia, New Mexico, North Carolina, Oklahoma, Tennessee and Texas.
Rush Towing Systems, headquartered in San Antonio, Texas, can be reached at 877-661-4511 and online at www.rushtowingsystems.com
About Jerr-Dan Corporation
Jerr-Dan Corporation, an Oshkosh Corporation [NYSE: OSK] company, is a leading manufacturer of towing and recovery equipment. Its full line includes light-, medium- and heavy-duty carriers and wreckers, industrial transporters and four-car carriers. The company is headquartered in Greencastle, Penn., and its products are backed by industry leading warranties and a strong service network dedicated to the towing professional. Visit www.jerr-dan.com for more information.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, Geesink™, Norba™, Kiggen™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
Peterbilt, Ford, Hino, GMC, Isuzu and UD are trademarks of their respective companies
®, ™ All other brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the consequences of financial leverage associated with the JLG acquisition, including the level of the Company’s borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company’s ability to maintain compliance with its financial covenants under its credit agreement; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession and its adverse impact on the Company’s share price, which could lead to additional impairment charges related to many of the Company’s intangible assets; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures and the uncertainty of government contracts; the potential for commodity costs to rise sharply in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; the Company’s ability to close the sale of its Geesink business on its expected timetable; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission.
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Author: Linda Bartelt
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