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2000 Highlights - Awards, Honors and Articles

. June 19, 2000 - Mity-Lite Nears Completion of New Manufacturing Facility
. June 15, 2000 - Furniture Company Building up its Reputation
. June 15, 2000 - Mity-Lite Listed Among Hot Growth Companies
. June 14, 2000 - Mity-Lite, Inc. Introduces Light-Weight, Durable Lectern Line


MITY-LITE NEARS COMPLETION OF NEW MANUFACTURING FACILITY

Mity-Lite, an Orem-based designer, manufacturer and marketer of a variety of commercial furniture, has completed the manufacturing portion of a new facility across the street from its headquarters at 1301 W. 400 N.

The company bought nine acres across the street last year with an eye towards future expansion, said COO/CFO Brad Nielson. This is the first facility on that site, he noted.

At approximately 30,000 square feet, 12,000 square feet is dedicated to warehouse and manufacture. The remaining 18,000 will serve the company's future tele-sales needs.

"Historically, we've maintained about a 25-30 percent growth rate out of this facility and have just continued to expand," Nielson said. "When I joined the company six years ago, we had about 30,000 square feet. Today, excluding the new 30,000, we've got about 70,000."

Sales in 1999 reached $34 million for the company, which employs approximately 350 in Utah County and another 200 at facilities in Canada, Indiana and Arkansas. "We hope to maintain our 25-30 percent historical growth rate this year, too."

The company serves three major segment: multi purpose room division, which specializes in folding chairs, stacking chairs and durable, light weight banquet tables; healthcare, which makes geriatric seating; and office furniture, which focuses on specialty office seating, cubical systems and work stations. Its product names include Mity-Lite, Broda, CenterCore, Domore, DO3, Corel and JG.

Still, Nielson said he expects the new building to fill fast, if the company maintains the growth rate it has been experiencing the last few years.

In other company news, Mity-Lite Inc. was named to Business Week's list of Hot Growth Companies for 2000 last week - one of only 30 companies making a repeat performance from last year. Mity-Lite ranked 93, compared to last year's rank of 99.

Business Week bases its ranking on three-year results in sales growth, earnings growth and return on invested capital. Business Week requires that each company has annual sales of more than $25 million and less than $500 million, a current stock price greater than $5, and be actively traded.


FURNITURE COMPANY BUILDING UP ITS REPUTATION

Mity-Lite has hit the big time, according to both Business Week and Forbes Magazine. Forbes listed it as one of Top 200 best managed small companies in America. Business Week named Mity-Lite in its list of the Top 100 Hot Growth Companies.

This isn't a first-time occurrence. They've made the Forbes list for five of the past six years. "It's a terrific honor," said Brad Nielson, the Mity-Lite Chief Operating Officer and Chief Financial officer.

The company boasts 500 employees total, with 350 of those located in its Orem headquarters. Currently, Mity-Lite's in a growth phase in its business. The company has purchased nine acres of land and it's building a 30,000 square-foot facility with plenty of room to expand even more. The company's a month away from completing that building, which will be used for office space and warehousing.

This is just the latest growing experience for Mity-Lite. The company's grown from a small startup company to a multi-million dollar enterprise. It makes lightweight durable furniture, such as tables, chairs, and office furniture, that can take more wear than the typical office furniture. According to Mity-Lite officials, their furniture is really durable.

On its sales video, it shows a man trying to pound the life out of one of Mity-Lite's tables and one of its competitor's tables. Mity-Lite feels the video speaks for itself. It uses ABS plastic in its tables, which is the same material used in motorcycle helmets, football helmets and super durable luggage. Have you ever seen the commercial with the gorilla throwing the suitcase around? That's the same material Mity-Lite uses in its tables.

The company markets pretty extensively to churches, universities and other institutions where furniture gets heavily used. Depending on which church you belong to, you may have seen some 30-inch by 96-inch tables at your church dinner and festival. And that's part of the problem. Furniture just is not as sexy these days to stockholders as the exciting and dramatic dot.coms. "Kiplinger's called us a boring but beautiful stock," Nielson said. "That about sums it up."

Mity-Lite understands and has a sense of humor about the whole thing. "For heaven's sakes, here we are making tables," said Greg Wilson, the CEO and president of the company. It's tough to be the stable, hardworking, table-making guy when the flashy dot.coms are dancing around, dazzling investors. But they have the last laugh, compared to some of the Internet companies. "We actually make money," Wilson said.

Wilson started the company in 1987. He was in the furniture business, and a customer came to him and said he needed some really durable banquet tables. There was nothing on the market that satisfied this person. So Wilson put up the startup money himself and his company designed, engineered and came up with a durable and lightweight banquet table with folding legs that could be put away in a small storage space. After six months, his startup capital ran out and he sought some new investors.

But his furniture caught on, and in 1994, they went public. The value of the company has grown stunningly. It went from having just investment capital in 1987, to having a market value of 15 million dollars when it went public in 1994. The market value of the company today is 75 million dollars. The growth rate of companies in the furniture industry is around 4-5 percent. Mity-Lite's growth rate averages 25 percent. The profitability in their industry hovers around 12 percent. Mity-Lite's growth rate is in the 18-20 percent range.

The company's stock has fluctuated recently, due to one of the companies it acquired in another state in an effort to turn the company around, but it has high hopes for this particular company. "It's an opportunity to turn this company around," Wilson said. "But the market overreacted to that."

Mity-Lite sells to churches, universities and 911 centers...And the company sees great things in its future. "We have a drive to succeed," Nielson said.


FOR IMMEDIATE RELEASE: Thursday, June 15, 2000

CONTACT: Gregory L. Wilson
Chairman and President
Bradley T Nielson
Chief Operating Officer
Mity-Lite, Inc.
801-224-0589

MITY-LITE LISTED AMONG HOT GROWTH COMPANIES

OREM, UTAH ó Mity-Lite, Inc. (Nasdaq: MITY), designer, manufacturer and marketer of a variety of commercial furniture, today announced that the Company recently was ranked 93 on the BusinessWeek list of "Hot Growth Companies" for 2000. The Company was ranked 99 in the 1999 listing.

BusinessWeek bases its ranking on three-year results in sales growth, earnings growth and return on invested capital. BusinessWeek requires that each company has annual sales of more than $25 million and less than $500 million, a current market value greater than $25 million, a current stock price greater than $5, and be actively traded. According to BusinessWeek, Mity-Lite has a 29.0 percent average increase in sales, a 22.5 percent average increase in profits, and a 19.2 percent average return on capital.

"We are again honored to be selected by BusinessWeek as one of the ëHot Growth Companiesí," said Gregory L. Wilson, president and chief executive officer of Mity-Lite. "Making the list for the second time in two years is a great honor. Only 30 other companies repeated from last yearís list."

Founded in 1987, Mity-Lite, Inc. designs, manufactures and markets innovative commercial furniture created to meet the efficiency needs of its customers. The Company focuses on providing premium quality commercial furniture products to niche markets. The Companyís product lines consist of multipurpose room furniture, healthcare seating, call center furniture, and speciality office seating and office systems. The Companyís products are marketed under the Mity-Lite, Broda, CenterCore, Domore, DO3, Corel and JG tradenames. Headquartered in Utah, Mity-Lite serves national and international customers directly and through distributors.


FOR IMMEDIATE RELEASE: Wednesday, June 14, 2000

CONTACT: Gregory L. Wilson
Chairman and President
Bradley T Nielson
Chief Financial Officer
Mity-Lite, Inc.
801-224-0589

MITY-LITE, INC. INTRODUCES LIGHT-WEIGHT, DURABLE LECTERN LINE

OREM, UTAH ó Mity-Lite, Inc. (Nasdaq: MITY), designer, manufacturer and marketer of a variety of commercial furniture, today introduced the Summitô Lectern Series. The lectern series is a new product line for the Company and is available for immediate shipment.

The Summitô lecterns are designed to be light weight and mobile. The lecterns meet OSHA standards and require only one person for setup since the basic lectern weighs only 48 pounds. The tilt wheels and rounded corners allow the lecterns to be mobile while minimizing injuries and damage to doors and walls. The one piece construction makes the lecterns durable, waterproof and built to last.

The five models in the series are available with simple-to-mount options, which allow for a wide variety of technical equipment. The audio and electrical connections are located at the base of the lecterns so that they are out of the way. In addition, the lecterns are made of recycled material and are available in a variety of colors and with a variety of decorative inserts. The lecterns offer the same famous durability and quality construction as other Mity-Lite products and are backed by a 12-year warranty.

"The Summitô Lectern Series is a welcome addition to the Mity-Lite line," said Bradley T Nielson, chief operating officer and chief financial officer of Mity-Lite. "The seriesí one piece construction is innovative, light weight and durable, truly making it a Mity-Lite product."

"As we examined the market potential for the lecterns, our excitement grew," said Lon Allen, Mity-Liteís director of marketing. "We saw a market segment in need of a light-weight, durable lectern. We believe that the features and benefits of this product, coupled with a good price, will make the Summitô Lectern Series a winning product."

Founded in 1987, Mity-Lite, Inc. designs, manufactures and markets innovative commercial furniture created to meet the efficiency needs of its customers. The Company focuses on providing premium quality commercial furniture products to niche markets. The Companyís product lines consist of multipurpose room furniture, healthcare seating, call center furniture, and speciality office seating and office systems. The Companyís products are marketed under the Mity-Lite, Broda, CenterCore, Domore, DO3, Corel and JG tradenames. Headquartered in Utah, Mity-Lite serves national and international customers directly and through distributors.

NOTICE: This press release includes forward-looking statements regarding our expectations about the market acceptance and success of the Summitô Lectern Series. These forward-looking statements may not be realized and the anticipated market acceptance of this new product may not materialize.


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