Business Services Industry
H&E Equipment Services, Inc. Announces Appointment by Komatsu Utility as Authorized Dealer for Utah, Nevada and Southern California
Business Wire, Nov 5, 2007
BATON ROUGE, La. -- H&E Equipment Services, Inc. (NASDAQ: HEES) (the "Company") has been appointed as an authorized Komatsu Utility dealer for the entire state of Utah, Nevada and Southern California. Currently, the Company has nine full-service locations throughout the Utah, Nevada and Southern California service territory.
"We are excited to continue expanding our relationship with Komatsu after many years of experience in the earthmoving business and representing the Komatsu product in the Louisiana and Arkansas service territory. Komatsu's utility line is world class equipment that we are proud to represent," said John M. Engquist, President and Chief Executive Officer of H&E.
Komatsu Utility, established in 1997, offers a full line of compact equipment on a worldwide level including compact excavators, skid steer loaders, compact track loaders, backhoe loaders, dozers, compact wheel loaders and crawler carriers. Komatsu compact products also offer a full range of solutions for landscape, utility, plumbing and nursery markets.
About H&E Equipment Services, Inc.
The Company is one of the largest integrated equipment services companies in the United States with 62 full-service facilities throughout the West Coast, Intermountain, Southwest, Gulf Coast, and Southeast regions of the United States. The Company is focused on heavy construction and industrial equipment and rents, sells and provides parts and service support for four core categories of specialized equipment: (1) hi-lift or aerial platform equipment; (2) cranes; (3) earthmoving equipment; and (4) industrial lift trucks. By providing equipment rental, sales, and on-site parts, repair and maintenance functions under one roof, the Company is a one-stop provider for its customers' varied equipment needs. This full service approach provides the Company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal and provides cross-selling opportunities among its new and used equipment sales, rental, parts sales and service operations.
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the federal securities laws. Statements about our beliefs and expectations and statements containing the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results that differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, the following: (1) general economic conditions and construction activity in the markets where we operate in North America; (2) relationships with new equipment suppliers; (3) increased maintenance and repair costs; (4) our substantial leverage; (5) the risks associated with the expansion of our business; (6) our possible inability to integrate any businesses we acquire; (7) competitive pressures; (8) compliance with laws and regulations, including those relating to environmental matters; and (9) other factors discussed in our public filings, including the risk factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2006. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, we are under no obligation to publicly update or revise any forward-looking statements after the date of this release.
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