15.06.2006 20:49:00
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ADC Wins Stevie Award in Best Business Turnaround Category; Company Awarded Top Honor in 4th Annual 2006 American Business Awards
More than 1,500 companies submitted entries for consideration inmore than 40 Stevie Awards categories. As a winner of the BestBusiness Turnaround award, ADC is recognized for showing significantoperational and financial improvement over the prior year. ADC hasadvanced several initiatives to transform its cost structure andposition the company for long-term growth. ADC is continuing itsefforts to improve its long-term operating margins and recentlyreported a 17 percent increase in net sales from continuing operationsfor the fiscal first-half ended April 28, 2006, over the prior-yearperiod.
"We're honored that ADC won this award which recognizes thesuccessful execution of our strategies to grow revenue and improveprofitability," said Robert E. Switz, president and CEO at ADC. "Ourturnaround is due to the hard work of our dedicated employees and thesupport of our loyal customers. We are excited about the long-termprospects for ADC."
Stevie Awards founder, Michael Gallagher, said, "Many Americansaccomplish extraordinary things in the workplace everyday, but rarelyget the attention they deserve. We hope that the Stevies inspirepeople at all levels of American business to recognize and honoroutstanding work."
Members of the awards' board of judges, advisors and their staffsselected Stevie winners from among the finalists. Finalists werechosen by business professionals nationwide during preliminary judgingearlier this year. Details about The American Business Awards and thelist of finalists and Stevie Award winners are available atwww.stevieawards.com/aba.
About The Stevie Awards
Hailed as "the business world's own Oscars" by the New York Post(April 27, 2005), Stevie Awards are conferred in three programs: TheAmerican Business Awards, The International Business Awards, and TheStevie Awards for Women Entrepreneurs. Honoring companies of all typesand sizes and the people behind them, the Stevies recognizeoutstanding performances in the workplace worldwide. Learn more aboutThe Stevie Awards at www.stevieawards.com.
About ADC
ADC provides the connections for wireline, wireless, cable,broadcast, and enterprise networks around the world. ADC's innovativenetwork infrastructure equipment and professional services enablehigh-speed Internet, data, video, and voice services to residential,business and mobile subscribers. ADC (NASDAQ:ADCT) has sales into morethan 140 countries. Learn more about ADC at www.adc.com.
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