Dahill Industries Wins Global Imaging Systems' Highest Award For Second Straight Year
Wednesday May 28, 2:51 pm ET
TAMPA, Fla., May 28 /PRNewswire/ -- San Antonio-based Dahill Industries, a Global Imaging Systems, Inc. (Nasdaq: GISX - News) core company, posted the best overall operating results for the fiscal year among all the other 57 Global companies nationwide to win the top award for the second year in a row. Their "twopeat," as Global president and CEO Tom Johnson dubbed the feat, was awarded at the Eight Annual Global Leaders Conference.
The coveted Chairman's Trophy is awarded annually for outstanding performance to the Global company that turns in the top numbers measured by revenue growth, operating income growth, and the growth in cash flow, return on assets and return on investment. Dahill turned in record revenues that were three percent over budget and recorded a superb level of 14 percent over budget in operating profit, besting last year's performance in both categories despite continued economic challenges.
Mr. Johnson said, "The people at Dahill Industries are the epitome of the 'Powered by Commitment' theme we adopted for this year's Global Leaders' meeting. No one was more committed to their customers and to improving their productivity than these top performers."
Dahill president Mike Mueller said, "These results prove what happens when this level of commitment, and focus and teamwork, is followed day in, day out, by an entire organization." He added that it was particularly gratifying to win the award the same night that the Dallas Mavericks won their series to make the NBA Western Conference playoffs a completely Texas affair between the Mavericks and the San Antonio Spurs. "Now Texas has three great performers and champions to be proud of," he said.
Dahill is a Global Imaging Systems' core company serving middle-market customers in eastern Texas from offices in San Antonio, Austin, Bryan/College Station, Tyler, Laredo, Harlingen, McAllen and Corpus Christi. Dahill is one of Texas' leading providers of office technology solutions including the sale and service of Konica, Sharp and Savin digital copiers and fax products.
Global Imaging Systems offers thousands of middle-market customers a one- stop shop for office technology solutions. The company provides a broad line of office technology solutions, including the sale and service of automated office equipment, network integration services and electronic presentation systems. The company is also a disciplined, profitable consolidator in the highly fragmented office technology solutions industry.
This news release contains forward-looking statements and statements based on forward-looking information, including statements relating to Global's expected future earnings and earnings per share, future growth rates, future expenses, the future results of efforts to control expenses, future cash flows, future condition of and growth in customers' businesses, the future performance of Global's market, and general economic conditions. These statements are based on numerous assumptions and are subject to uncertainties and risks. Actual results could differ materially. Factors that might cause Global's results to differ materially include risks relating to downturns in or the slow pace of recovery in the economy; rising interest rates or restricted access to debt financing; Global's debt and debt service obligations; the challenge of integrating acquired businesses; the need for funding acquisitions; Global's ability to close acquisitions in a timely and cost-effective manner; the need for skilled employees; rapid technological change in Global's industry; dependence on suppliers; and high levels of competition. Most of these risks are discussed in more detail under the caption "Risk Factors" in Global's annual report on Form 10-K/A for the year ended March 31, 2002.
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