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Met-Pro Corporation is Named One of 'America's Fastest-Growing Small Public Companies' by Fortune Small Business Magazine

Posted on: Tuesday, 7 July 2009, 08:00 CDT

HARLEYSVILLE, Pa., July 7 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company has been recognized as one of "America's fastest-growing small public companies" by Fortune Small Business magazine. According to Fortune Small Business, the ninth annual "FSB 100" "constitutes an elite group of small public companies: the best of the best. In this Great Recession, their performance is nothing short of miraculous." The candidates, all with revenues of less than $200 million and a stock price of more than $1, were judged according to their three-year annualized rates of revenue growth and total return to investors, through the quarter ended on or before Dec. 31, 2008. For the first time, Fortune Small Business added a new requirement stating that companies with losses in any of the four quarters ended on or before Dec. 31, 2008, were excluded from the list.

"We are honored to be acknowledged by Fortune Small Business magazine," said De Hont. "During such challenging economic times, this achievement is a source of great pride for our dedicated employees, without whom this special recognition would not be possible."

Met-Pro's Board of Directors, at their meeting on June 3, 2009, declared a quarterly dividend of $0.06 per share payable on September 11, 2009 to shareholders of record at the close of business on August 28, 2009. This dividend represents a 9.1% increase over the same period last year. This is the thirty-fourth consecutive year that Met-Pro Corporation has paid either a cash or stock dividend.

The complete "FSB 100" list appears in the July/August issue of Fortune Small Business Magazine, and is currently available online at http://money.cnn.com/magazines/fsb/fsb100/2009/full_list/index.html.

About Met-Pro

Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recognized in 2008, for the third consecutive year, as one of America's "200 Best Small Companies" by Forbes magazine. Through its business units, in the United States, Canada, Europe and The People's Republic of China, a wide range of products and services are offered for industrial, commercial, municipal and residential markets worldwide. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; Mefiag filtration technologies for harsh, corrosive liquid filtration applications; and filtration and purification technologies which include proprietary water treatment chemicals and filter products for air and liquid filtration. For more information, please visit www.met-pro.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release, and other materials filed or to be filed with the Securities and Exchange Commission (as well as information included in oral or other written statements made or to be made by the Company), contain statements that are forward-looking. Such statements may relate to plans for future expansion, business development activities, capital spending, financing, the effects of regulation and competition, or anticipated sales or earnings results. Such information involves risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to, the cancellation or delay of purchase orders and shipments, product development activities, computer systems implementation, dependence on existing management, the continuation of effective cost and quality control measures, retention of customers, global economic and market conditions, and changes in federal or state laws.

Met-Pro common shares are traded on the New York Stock Exchange, symbol MPR.

To obtain an Annual Report or additional information on the Company, please call 215-723-6751 and ask for the Investor Relations Department, or visit the Company's website at www.met-pro.com.

Contact: Investor Contact: Gary J. Morgan, Senior Vice President of Finance, CFO 215-723-6751 Joseph Hassett, VP Gregory FCA Communications 610-228-2110

SOURCE Met-Pro Corporation

Source: PR Newswire

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