| FROM: Padilla Speer Beardsley Inc. 224 Franklin Avenue West Minneapolis, Minnesota 55404 |
FOR: Winland Electronics, Inc. 1950 Excel Drive Mankato, Minnesota 56001 |
| Marian Briggs/Chris Bauer (612) 871-8877 |
Lorin Krueger, SVP, Operations (507) 625-7231 |
FOR IMMEDIATE RELEASE
WINLAND ELECTRONICS NAMED TO IW GROWING COMPANIES 25,
America's Most Successful Small Manufacturers
MANKATO, Minn., November 19, 1998: Winland Electronics, Inc.(NASDAQ SmallCap: "WLET"), has been selected by IW GROWING COMPANIES, the leading management magazine for small to mid-sized manufacturers, to be in the inaugural class of the IW Growing Companies 25, America's Most Successful Small Manufacturers. (IW Growing Companies is an edition of IndustryWeek publication.) Winland Electronics designs and manufactures custom electronic control products and systems, as well as proprietary products for the security/industrial marketplace. The IWGC 25 recognizes small companies that manage well nearly every discipline required of a modern manufacturer. Profiles of each of the IWGC 25 can be found at http://www.iwgc.com. "It's an honor to be recognized in the industry for our achievements," said W. Kirk Hankins, president, chairman and chief executive officer of Winland Electronics. "We've been able to achieve our rapid growth and success through the innovation and commitment of our employees and our partnerships with customers."
For the nine months ended September 30,1998, Winland's revenues totaled $12,810,906, up 48 percent from $8,660,164 for the first nine months of 1997. To be considered for the award, companies must have fewer than 500 employees; exist for at least three fiscal years; be independent; and have U.S. headquarters. The IWGC 25's aggregate financial performance and best practices also can be found at http://www.iwgc.com.
"The IWGC 25 represents the vitality of U.S. manufacturing: small public and private companies that are laying a foundation of 'best practices' that will enable them to grow successfully and profitably," said IW GROWING COMPANIES Editor-in-Chief John R. Brandt. "These are companies that are managing and guiding rapid growth while satisfying the needs of customers, stakeholders, and employees."
IW GROWING COMPANIES is an edition of INDUSTRYWEEK, the flagship publication of Penton Media, and has a circulation of more than 200,000 readers. Winland Electronics, based in Mankato, Minn., designs and manufactures custom electronic control products and systems, as well as proprietary products for the security/industrial marketplace. The company's stock is traded on the Nasdaq SmallCap Market under the symbol WLET.
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