News

Arrow Q1 Revenue Growth

April 10, 2006

Arrow Critical Supply Solutions (ACSS) posts 1st quarter revenue growth of 62%. Increases were seen in all business areas. Expansion into time-definite guarantees on heavy weight freight. The introduction of new time-definite products such as overnight, two-day and deferred heavyweight freight in the North East added to robust growth rates.

Arrow Critical Supply Solutions to Provide Service to Telephonics

April 5, 2006

Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE:GFF) announced the award of an additional $54 Million in funding from Syracuse Research Corporation (SRC) for Turnkey production of an SRC product. This brings the total funding to Telephonics on the program to over $175 Million. ACSS provides the daily transport between the facilities for the SRC Project through the 2nd Quarter of Fiscal Year 2007.

Company Name Change

April 1, 2006

Arrow Systems change’s its name to Arrow Critical Supply Solutions (ACSS). The name change is due to the company growth and focus on the ground expedited freight delivery market. Arrow began its push into the ground expedited freight delivery market in 2005 and has gained constant market share and revenue growth in each quarter. ACSS has also made inroads in the import export market as the “last mile” delivery agent for clients such as United Parcel Systems (UPS) and federal Express (FDX). As the U.S. continues to buy goods and services from foreign nations, imports such as UPS need delivery agents for the “last mile” import Export .