Ranked Seventh Overall in Five-Years' Average EPS Growth
(Minneapolis, MN, October 17, 2007) - Digi International® Inc. (NASDAQ: DGII) was named one of "America's 200 Best Small Companies" by Forbes magazine.
Approximately 2,400 other small public companies, whose revenues were between $5 million and $750 million, with share prices above $5.00, were considered for the honor. "Our 200 Best Small Companies in America must pass through a gauntlet to qualify for the list," the article stated. "It takes more than solid books to make the cut." In addition to revenue and share price, return on equity, sustained sales, and net profit growth over twelve-month and five-year periods were also determining factors. Forbes excluded companies from the running that demonstrated "too much debt, signs of a downturn in the future or a whiff of legal troubles."
"We are very pleased with the Forbes 'Top 200' Ranking based on five-year performance," said Joe Dunsmore, Digi's Chief Executive Officer. "Given our new wireless Drop-in Networking products, we believe that we have the business momentum to continuously improve our performance over the next five years. Further, we believe we have the talented team necessary to do it."
About Digi International Inc.
Digi International, based in Minneapolis, is the leader in device networking for business. Digi
develops reliable products and technologies that enable companies to connect and securely
manage local or remote electronic devices over the network or via the web at www.digi.com.
This press release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which generally can be identified by the use of forward-looking terminology such as "anticipate," "believe," "target," "estimate," "may," "will," "expect," "plan," "project," "should," or "continue" or the negative thereof or other variations thereon or similar terminology. Such statements are based on information available to management as of the time of such statements and relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market and statements regarding the Company's mission and vision. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, including risks related to the highly competitive market in which the Company operates, rapid changes in technologies that may displace products sold by the Company, declining prices of networking products, the Company's reliance on distributors, delays in the Company's product development efforts, uncertainty in consumer acceptance of the Company's products, and changes in the Company's level of revenue or profitability. These and other risks, uncertainties and assumptions identified from time to time in the Company's filings with the Securities and Exchange Commission, including without limitation, its annual report on Form 10-K for the year ended September 30, 2006 and its quarterly reports on Form 10-Q, could cause the Company's future results to differ materially from those expressed in any forwardlooking statements made by or on behalf of the Company. Many of such factors are beyond the Company's ability to control or predict. These forward-looking statements speak only as of the date on which they are made. The Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.