Genie Industries Receives Vendor of the Year Honors from Volvo Rents

REDMOND, WASH. (March. 1, 2006) – Genie Industries has been named the 2006 Vendor of the Year by Volvo Construction Equipment Rents, Inc. (Volvo Rents). Genie supplies Volvo Rents franchises with aerial work platform and telehandler products.

According to Mike Crouch, Volvo Rents vice president of global operations, the Vendor of the Year was awarded based on input from Volvo Rents franchises. The franchises were asked to rate vendors in several categories: Quality of National Account Program; Quality/Reliability of Products; Availability and Lead Times; Parts Pricing and Availability; Warranty/After-Sales Service; Local Sales and Service Support; and Marketing Support. To determine the recipient of the award, category totals from 30 participating franchises were tallied, and Genie received the highest overall ranking.

“It was an honor to present the Vendor of the Year award to Genie,” said Crouch. “Volvo Rents has built its reputation on providing rental customers with the industry’s most respected brands and products. Genie is the industry leader in lift equipment, and our customers have access to the highest quality lift equipment and support services through Volvo Rents’ partnership with Genie.”

“The entire Genie organization is extremely proud to receive the Vendor of the Year recognition from Volvo Rents,” said Steve Headden, Genie Regional Sales Manager. “We have a lot of exciting, new products coming to market in 2007, and we rely on our strong relationships with rental companies, such as Volvo Rents, to get Genie products to customers.”

Volvo Rents are locally owned and operated rental franchises that carry extensive general construction equipment and tool inventories for commercial, industrial and homeowner applications. In addition to carrying Volvo-brand construction equipment, Volvo Rents maintains relationships with industry manufacturers to provide proven products to customers. Currently, there are more than 70 Volvo Rents franchises operating in the United States, Canada and Puerto Rico. RER magazine called Volvo Rents "a better slingshot" and ranked the company No. 15 among its top 100 rental companies in 2006. The company is recipient of the Franchise Times 2005 Fast 55 award (ranked No. 13), was ranked No. 19 of New Franchise Systems by Entrepreneur Magazine (2005) and received the prestigious Editor's Choice, Best of 2005 nod by Construction Executive Magazine.