Supreme Industries to Divest Shuttle-Bus Business

  Supreme Industries to Divest Shuttle-Bus Business

Business Wire

GOSHEN, Ind. -- December 31, 2013

Supreme Industries, Inc. (NYSE MKT: STS), a leading manufacturer of
specialized commercial vehicles including truck bodies, trolleys, armored and
specialty vehicles, today announced that it intends to divest its shuttle-bus
business.

Supreme’s core business of manufacturing and selling customized truck bodies
has recently undergone successful facilities and manufacturing upgrades
resulting in enhanced operating efficiencies and margins for these products.
Shuttle bus products currently represent less than 12% of the Company’s
consolidated sales and had a materially adverse impact on consolidated
earnings in 2013. The divestiture is intended to further expand profit margins
on a consolidated basis.

“As a proportion of revenue mix, bus products have represented a declining
percentage of our sales and shuttle buses, in particular, have failed to meet
profitability objectives,” said President and Chief Executive Officer Mark
Weber. “This action allows us to concentrate on markets where we can maximize
future returns for shareholders and eliminate the substantial drag on earnings
from the shuttle bus business.”

“We remain committed to the trolley business,” he added. “Furthermore, to
avoid disruptions for our shuttle-bus customers, we plan to assist the future
owners with a swift and orderly transition. This approach will optimize the
value of the business and benefit all constituents including the new owners,
customers and employees.”

Additional information will be provided when the Company releases its
fourth-quarter and full-year 2013 financial results in February.

About Supreme Industries
Supreme Industries, Inc. (NYSE MKT: STS), is a nationwide manufacturer of
specialized truck bodies produced to the specifications of its customers.
Supreme also manufactures armored vehicles and trolleys. The Company's
transportation equipment products are used by a wide variety of industrial,
commercial and law enforcement customers.

News releases and other information on the Company are available on the
Internet at: http://www.supremeind.com or
http://www.b2i.us/irpass.asp?BzID=1482&to=ea&s=0.

Other than historical facts contained herein, the matters set forth in this
news release are “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, as amended, and reflect the view of management with
respect to future events. When used in this report, words such as “believe,”
“expect,” “anticipate,” “estimate,” “intend,” “plan” and similar expressions,
as they relate to Supreme or its plans or operations, identify forward-looking
statements. Such forward-looking statements are based on assumptions made by,
and information currently available to, management. Although management
believes that the expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that the expectations reflected in
such forward-looking statements are reasonable, and it can give no assurance
that such expectations will prove to be correct. Important factors that could
cause actual results to differ materially from such expectations include,
without limitation, an economic slowdown in the specialized vehicle industry,
limitations on the availability of chassis on which Supreme’s product is
dependent, availability of raw materials, raw material cost increases and
severe interest rate increases. Furthermore, Supreme can provide no assurance
that any raw material cost increases can be passed on to its customers through
implementation of price increases for Supreme’s products. The forward-looking
statements contained herein reflect the current view of management with
respect to future events and are subject to those factors and other risks,
uncertainties and assumptions relating to the operations, results of
operations, cash flows and financial position of Supreme. Supreme assumes no
obligation to update the forward-looking statements or to update the reasons
actual results could differ from those contemplated by such forward-looking
statements.

Contact:

Supreme Investor Relations
Matthew J. Dennis, CFA, 574-228-4130
 
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