APCO Honored as One of The Top Public Companies in Georgia
ATLANTA, June 8 /PRNewswire/ -- Automobile Protection Corporation (Nasdaq: APCO - news) today
announced that the Atlanta Journal-Constitution, Georgia's largest circulation newspaper, recently released its annual
survey of the State's best performing public companies. The newspaper listed Automobile Protection Corporation #13
out of the top 100 Companies in Georgia. The publication based its rankings on four key categories: return on equity,
revenue increase over the previous year, change in profit margin and return on investment.
As reported by the Atlanta Journal-Constitution, the Company earned its ranking by showing a 39.77% increase in
year-over-year revenues, an 85.32% increase in profit margin, an 18.63% return on equity and a 56.2% return on
investment.
Larry Dorfman, President and CEO stated, ''We are pleased to be ranked in the top 100 Companies in Georgia for
four consecutive years. This selection illustrates our continued focus on providing the best products and services in our
industry, while generating consistent growth for our shareholders.''
''Safe Harbor'' Statement under the private Securities Litigation Reform Act of 1995: To the extent that this news
release discusses financial projections, information or expectations about our products or markets, or otherwise
makes statements about the future, our statements are forward looking and are subject to a number of risks and
uncertainties that could cause actual results to differ materially from the statements made. These factors include, but
are not limited to, the competitive nature of the industry in which some competitors have significantly greater financial
resources and name recognition than the Company, the availability of insurance coverage at competitive rates and of
insurance funds to make claims payments, the Company's dependence on independent sales representatives, dealers
and a major automobile manufacturer, the cyclical nature of the automobile industry, and other risks detailed in the
Company's Form 10-K that has been filed with the Securities & Exchange Commission in connection with its 1997
year.
APCO, established in 1984, is a leading marketer and administrator of products and services to automobile and
recreational vehicle dealers. The Company's core business is the marketing and administration of EasyCare(R) Vehicle
Service Contracts and the EasyCare(R) Certified Pre-Owned Vehicle Merchandising Program. The Company also
administers warranty and service contract products under private labels for financial institutions, an insurance company
and a manufacturer.
SOURCE: Automobile Protection Corporation |
