Indiana-based agency recognized for outstanding sales, customer service, support of company’s goals.
Release date: November 4, 2008 LAS VEGAS, Nev. — Delphi announced today that Kitchin & Sons has been selected as the Delphi Sales Agency of the Year for the second time, recognizing the agency’s outstanding performance in customer service and program participation. The announcement was made at the Automotive Aftermarket Products Expo (AAPEX) in Las Vegas.
“Kitchin & Sons has a long history with Delphi, and throughout that time their sales team has continually exceeded our goals and expectations in sales, promotional activity and training,” said Tim Wheeler, North America sales director, Delphi Product & Service Solutions. “Most importantly, our customers value the work they do in the field, helping to grow their business with Delphi’s vast product portfolio. We’re grateful to have such a premiere sales group as part of the Delphi team. Their work ethic and dedication has led to great success.”
Throughout 2008, Delphi’s 11 United States and Canada sales agencies have been competing for the number one spot. The agencies were ranked on a number of criteria, including increasing market penetration, customer satisfaction and program/promotion support.
“Our agency’s philosophy is simple: to provide the best service to our customers and to provide the best representation for our manufacturers. This award is an acknowledgement of the hard work of our whole team,” said Tom Kitchin, president, Kitchin & Sons. “Delphi continues to provide the necessary parts and tools, allowing our industry to remain competitive in this fast-paced market. We are proud to be part of this team.”
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FORWARD-LOOKING STATEMENTS
This press release as well as other statements made by Delphi may contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," the negative of these terms and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of the debtor-in-possession financing facility and its advance agreement with GM, to obtain an extension of term or other amendments as necessary to maintain access to such facility and advance agreement; the Company's ability to obtain Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Company to achieve all of the conditions to the effectiveness of those portions of the Amended and Restated Global Settlement Agreement and Amended and Restated Master Restructuring Agreement with General Motors which are contingent on Delphi's emergence from chapter 11; the ability of the Company to obtain court approval to modify its amended plan of reorganization which was confirmed by the Court on January 25, 2008 as set forth in its filing on October 3, 2008 and to confirm such modified plan or any subsequent modifications to the confirmed plan or any other subsequently confirmed plan of reorganization and to consummate such plan; risks associated with third parties seeking and obtaining Court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 cases on the Company's liquidity or results of operations; the ability of the Company to fund and execute its business plan as described in the proposed modifications to its plan of reorganization as filed with the court and to do so in a timely manner; the ability of the Company to attract, motivate and/or retain key executives and associates; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers and the ability of the Company to attract and retain customers. Additional factors that could affect future results are identified in the Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC, including the risk factors in Part I. Item 1A. Risk Factors, contained therein, and the Company's quarterly periodic reports for the subsequent periods, including the risk factors in Part II. Item 1A. Risk Factors, contained therein, filed with the SEC. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various prepetition liabilities, common stock and/or other equity securities.