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|FOR IMMEDIATE RELEASE
April 15, 2008
|For More Information, Contact:
Jim Drewitz, Investor Relations
ART’S WAY MANUFACTURING ANNOUNCES
2007 ANNUAL SHAREHOLDER MEETING
ARMSTRONG, Iowa, April15, 2008 – Art’s Way Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, announces it will hold its 2007 Annual Shareholder Meeting on Thursday, April 24, at 10:00AM CDT. The meeting will be held at the American Lodge & Suites, 137 S. Main Street, Prairie-du-Chien, Wisconsin, 53821
The business of the meeting includes: electing 7 directors for terms of one-year each; voting upon a proposal to approve the adoption of Art’s Way Manufacturing non-employee director’s stock option plan; ratification of the selection of Eide Bailly as the Company’s independent registered public accountants and approving of their discretion upon any other matters which may come before the meeting as set forth in the notice of annual meeting of stockholders and proxy statements. The deadline for submitting shareholder proposals and nominations for directors at this year’s meeting has now passed.
Shareholders of record as of March 24, 2008 will be entitled to vote at the meeting. A notice of meeting and proxy materials will be mailed to shareholders and filed with the Securities and Exchange Commission by the end of the month. The Company will present its financial results and business highlights for fiscal 2007 and will outline goals concerning the Company’s sales and profit outlook for 2008 and beyond.
J. Ward McConnell, Jr., Chairman of the Board of Art’s Way Manufacturing said, “We welcome all shareholders to attend the annual meeting to review with us our fiscal 2007 financial results and discuss our long term growth goals and projections. We look forward to continued success.”
About Art’s Way Manufacturing, Inc.
Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.
For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466
Or visit the Company’s website at www.artsway-mfg.com
This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.