Universal Electronics Named to Forbes 200 Best Small Companies List
CYPRESS, Calif., Oct 23, 2006 (BUSINESS WIRE) -- Universal Electronics Inc. (UEI) (NASDAQ: UEIC) today announced it was named to the list of the 200 Best Small Companies in America published in the October 30, 2006 issue of Forbes.
According to Forbes, selected companies have revenues between $5 million and $750 million, a share price above $5 as of September 29, 2006, profit margins of better than 5 percent, and positive sales and profit growth over both the last twelve months and the last five years.
Paul Arling, UEI's chairman and chief executive officer, commented, "It is a great honor to be recognized for the success we have had growing our wireless control technology business. This ranking reflects the hard work of our people and our continued focus on execution of our growth strategy. We are thrilled to be selected to this list along with other emerging U.S. companies, and I want to offer congratulations to all of the UEI employees who made this achievement possible."
The article may be accessed on Forbes web site at www.forbes.com/200best
About Universal Electronics
Founded in 1986, Universal Electronics Inc. (UEI) is the global leader in wireless control technology for the connected home. UEI designs, develops, and delivers innovative solutions that enable consumers to control entertainment devices, digital media, and home systems.
The company's broad portfolio of patented technologies and database of infrared control software have been adopted by many Fortune 500 companies in the consumer electronics, subscription broadcast, and computing industries. UEI sells and licenses wireless control products through distributors and retailers under the One For All(R) brand name. UEI also delivers complete home control solutions in the professional custom installation market under the brand name Nevo(R), as well as software solutions for digital media control and enjoyment in the consumer and OEM markets under the brand SimpleCenter(TM).
SOURCE: Universal Electronics Inc.
Universal Electronics Inc.
Paul Arling, 714-820-1000
IR Agency for UEI
Kirsten Chapman, 415-433-3777