SIOUX FALLS, S.D., May 22 /PRNewswire-FirstCall/ -- Raven Industries,
Inc. (Nasdaq: RAVN) announced today that its shareholders elected Daniel A.
Rykhus as a director. Mr. Rykhus' appointment increases the number of board
members to nine.
Ronald Moquist, president and chief executive officer commented, "Our
Flow Controls division continues to drive Raven's strong cash flows and Dan
has done an exemplary job of developing this segment's success." He
continued, "Dan brings industry experience, strong management skills and
passion to our organization and he will be an invaluable addition to our
Board as we look to build and grow all of our operating units."
Daniel Rykhus, 43, is currently Executive Vice President of the Company
and Flow Controls Division General Manager since 2004. Prior, he was Flow
Controls Division Vice President and General Manager from 2002 through
2004. Mr. Rykhus joined the Company in 1990 as Director of World Class
Manufacturing.
About Raven Industries, Inc.
Raven is an industrial manufacturer that provides electronic
precision-agriculture products, reinforced plastic sheeting, electronics
manufacturing services and specialty aerostats and sewn products to niche
markets.
Forward-Looking Statements
This news release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, including
statements regarding the expectations, beliefs, intentions or strategies
regarding the future. Without limiting the foregoing, the words
"anticipates," "believes," "expects," "intends," "may," "plans" and similar
expressions are intended to identify forward-looking statements. The
company intends that all forward-looking statements be subject to the safe
harbor provisions of the Private Securities Litigation Reform Act. Although
management believes that the expectations reflected in forward-looking
statements are based on reasonable assumptions, there is no assurance these
assumptions are correct or that these expectations will be achieved.
Assumptions involve important risks and uncertainties that could
significantly affect results in the future. These risks and uncertainties
include, but are not limited to, those relating to weather conditions,
which could affect some of the company's primary markets, such as
agriculture and construction; or changes in competition, raw material
availability, technology or relationships with the company's largest
customers -- any of which could adversely affect any of the company's
product lines, as well as other risks described in Raven's 10-K under Item
1A. This list is not exhaustive, and the company does not have an
obligation to revise any forward-looking statements to reflect events or
circumstances after the date these statements are made.
For more information on Raven Industries, please visit
http://www.ravenind.com.
SOURCE Raven Industries, Inc.
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Related links:
http://www.ravenind.com
CONTACT:
Tom Iacarella, Chief Financial Officer of
Raven Industries, Inc., +1-605-336-2750; or General Inquiries,
Leslie Loyet, +1-312-640-6672, or Media Inquiries, Tim Grace,
+1-312-640-6667, both of Financial Relations Board, for Raven
Industries, Inc.
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