Fabtech “State of the Company”

10/8/08
PRESS RELEASE
“State of the Company”
Recently it has come to our attention that slanderous statements were recently made by our competitors that “Fabtech filed for bankruptcy and that is why they are not at the Offroad Expo.” This is not true. We are still in business today and functioning as we have for 19 years.
It is no secret that as with all businesses today we are affected by the downturn in the economy. To aid us during these difficult times we have seeked out equity for the past few months and have obtained offers to support us in this area, which will come to fruition in the next 90 days. In addition to finding equity, we have analyzed our overhead and cut expenses to adapt to the downturn as we see fit. We do not need approval by our competitors for us to cut expenses such as the Offroad Expo. We make our own decisions that are not always understood by others. The decision not to attend the Offroad Expo was much like we did three years ago when we did not attend the Sema Show. Simply a cut in overhead expenses. Nothing more than that.
The slanderous statements made by our competitors will be handled with legal action against the individuals within the companies that started the defamatory remarks at the Offroad Expo. These individuals have already been identified by name and have been presented to our attorneys for legal action.
In closing it is unfortunate that our competitors feel that the only thing they have to talk about is us and not their own success. Fabtech is open for business today and ready to ship you the quality product that you have come to expect from the leader in suspension.
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