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 News ItemsJERR-DAN HOSTS BOARD OF INTERNATIONAL TOWING & RECOVERY HALL OF FAME AND MUSEUMGREENCASTLE, PENN. (July 2, 2009) -
Jerr-Dan Corporation, an Oshkosh Corporation [NYSE: OSK] company and a leading manufacturer of towing and recovery equipment was pleased to host, in June, the Board of Directors of the International Towing & Recovery Hall of Fame and Museum, based out of Chattanooga, Tenn. The Board conducted its meetings while at Jerr-Dan’s corporate offices, and enjoyed a tour of the company’s carrier and wrecker manufacturing facilities. “We’re proud to support the International Towing & Recovery Hall of Fame and Museum any way we can and enjoyed hosting its Board at our home offices here in Pennsylvania,” said Wilson Jones, Oshkosh Corporation executive vice president, president Fire & Emergency, and interim president of Jerr-Dan Corporation. “We are honored that our framed Jerr-Dan historic brochures will find a home on display at the Museum in Chattanooga among the restored antique wreckers and other equipment and relevant pictorial histories.” The International Towing & Recovery Hall of Fame and Museum is a 501(C)(3) non-profit, non-political and non-commercial organization. Its mission is to preserve and educate others about the history of the towing and recovery industry and to honor those who have made significant contributions to it. Beginning in 1986, the Museum has inducted annually members who have made such contributions to the industry. In addition, the Museum features a Wall of the Fallen, unveiled in 2006. More recently, the organization has launched “The Survivor Fund” and has raised $455,000 of its $500,000 goal, to benefit families of towing and recovery professionals who have died in the course of their work. The International Towing & Recovery Hall of Fame and Museum can be reached at Photo caption: Jerr-Dan presents the Board of Directors of The International Towing & Recovery Hall of Fame and Museum with framed historic Jerr-Dan brochures for display at the museum in Chattanooga, Tenn.
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; 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. # # # Author: Linda Bartelt Related Files:Photo |
