- Published: 20 October 2008
- Written by Editor
Natural Gas Services Group, Inc. Ranked #38 on Forbes List of America's Best Small Companies
Natural Gas Services Group, Inc. (Amex: NGS), a leading provider of equipment and services to the natural gas industry, announces it has been recognized by Forbes magazine as one of "America's 200 Best Small Companies" for the fourth consecutive year.
The America's 200 Best Small Companies list is selected following a comprehensive evaluation of financial results plus additional operating factors of candidate companies having sales between $5 million and $750 million and a minimum stock price of $5 as of Sept. 29, 2008. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and five year periods. Forbes' editors also compared the Company's stock performance with that of its industry peers.
Steve Taylor, President and CEO of NGS said, "We are very pleased that, for the fourth year in a row, Forbes has recognized NGS's achievements and placed us on their prestigious list of America's 200 Best Small Companies. This is our highest ranking in the years we have been recognized by Forbes and it is a tribute to the Company's customer service focus, business strategy and financial execution. Our employees deserve the credit that goes with being named to this distinguished list four straight years."
To learn more about America's Best 200 Small Companies, visit http://www.forbes.com/lists/2008/23/biz_200smalls08_The-200-Best-Small- Companies_Rank_2.html (Due to the length of URL, please copy and paste into browser.)
About Natural Gas Services Group, Inc. (NGS)
NGS is a leading provider of small to medium horsepower, wellhead compression equipment to the natural gas industry with a primary focus on the non-conventional gas industry, i.e., coalbed methane, gas shales and tight gas. The Company manufactures, fabricates, rents and maintains natural gas compressors that enhance the production of natural gas wells. The Company also designs and sells custom fabricated natural gas compressors to particular customer specifications and sells flare systems for gas plant and production facilities. NGS is headquartered in Midland, Texas with manufacturing facilities located in Tulsa, Oklahoma, Lewiston, Michigan and Midland, Texas and service facilities located in major gas producing basins in the U.S.
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause NGS's actual results in future periods to differ materially from forecasted results. Those risks include, among other things, the loss of market share through competition or otherwise; the introduction of competing technologies by other companies; a prolonged, substantial reduction in oil and gas prices which could cause a decline in the demand for NGS's products and services; and new governmental safety, health and environmental regulations which could require NGS to make significant capital expenditures. The forward-looking statements included in this press release are only made as of the date of this press release, and NGS undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. A discussion of these factors is included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission.
For More Information, Contact:
Jim Drewitz, Investor Relations
SOURCE Natural Gas Services Group, Inc.