TVI Corporation Receives $750,000 in Disaster Relief Orders
TVI Corporation (NASDAQ: TVIN), an international supplier of first receiver and first responder products and provider of event shelter and equipment rentals, today announced that its Signature Special Event Services (“SSES”) subsidiary received orders valued at more than $750,000 from several contractors assisting utilities and infrastructure recovery teams as they work to restore infrastructure damaged by Hurricane Gustav in south central Louisiana. SSES is supporting a 1,000-person camp of technicians and staff cleaning up after the hurricane made landfall along coastal areas. SSES is supplying support equipment, including shelters, flooring, generators, HVAC equipment and kitchen equipment. SSES’s customers may extend these orders if the clean-up efforts take longer than currently anticipated.
“We are thankful that Gustav caused far less damage than was originally feared,” said TVI President and CEO General Harley A. Hughes, USAF (Ret.). “We are proud that our temporary shelters, generators and kitchen equipment were chosen to assist in the relief efforts. Our disaster response team worked diligently to help first responders fully prepare for the worst, which enabled us to efficiently provide equipment to meet the needs of the battered region. We have readied our personnel and resources to swiftly respond should additional equipment be needed in the relief effort. Our thoughts are with the residents of the Gulf Coast as they steadily return to their homes, schools and businesses.”
About TVI Corporation
TVI Corporation, headquartered in Glenn Dale, Maryland, is an international supplier of military and civilian emergency first responder and first receiver products, personal protection products and quick-erect shelter systems. These products include powered air-purifying respirators, respiratory filters and quick-erect shelter systems used for decontamination, hospital surge systems and command and control. The users of these products include military and homeland defense/homeland security customers. Through its Signature Special Event Services business, TVI is a leading full-service shelter and equipment rental company serving the government and defense, corporate, sporting and hospitality industries.
The TVI designation is a registered trademark of TVI Corporation. All other company and product names mentioned above are trade names and/or trademarks of their respective owners. For more information concerning TVI, please visit the Company at: www.tvicorp.com. This reference to the TVI website is an active textual reference and the contents of the site are not part of this press release.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995
Certain information contained in this press release constitutes forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and involves expectations, beliefs, plans, intentions or strategies regarding the future. These statements may be identified by the use of forward-looking words or phrases such as “should”, “anticipates”, “believes”, “expects”, “might result”, “estimates” and others. These forward-looking statements are based on information available to TVI as of the date hereof and involve risks and uncertainties and are not guarantees of future performance, as actual results could differ materially from our current expectations. Such risks and uncertainties include actions of our lender, our ability to comply with bank covenants and debt repayment obligations and our ability to obtain future financing on satisfactory terms; achieving the intended benefits of our acquisitions and integrating the operations, technologies, products and services of those businesses; achieving order and sales levels to fulfill revenue expectations; unanticipated costs or charges; our ability to meet the requirements of the NASDAQ Capital Market for continued listing of our common stock; adverse consequences from any government investigations, lawsuits or private actions; our ability to manage growth should it occur; general economic and business conditions; adverse changes in governmental regulations; the possibility that our products contain unknown defects that could result in product liability claims; and competitive factors in our markets and industry generally. Numerous other factors could cause or contribute to such differences, including, but not limited to, those set forth in the Company’s Annual Report to Stockholders, periodic reports, registration statements and other filings made with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date of the press release. We assume no obligation to update any such forward-looking statements, whether as a result of new information, future events or otherwise.