Hi M..
ACILE
press release issued on a Sunday of all things !!! Very weird timing.
biz.yahoo.com
Sunday June 20, 2:44 pm Eastern Time
Company Press Release
SOURCE: Alliance Consumer International, Inc.
Sweeping New Contracts Announced by Alliance
Consumer International
LOS ANGELES, June 20 /PRNewswire/ -- Alliance Consumer International, Inc. (Nasdaq: ACILE - news) today announced
new customer contracts and product, commencing with greatest impact third quarter, 1999.
-- One contract is with a large distributor in China who supplies
household cleaning and health/beauty care products to that nation's
1.2 billion residents. The company has distribution facilities and
capabilities to reach 80% of all Chinese provinces.
-- In addition, three new private label and co-branded retailers with
some 1200 combined stores will now be carrying household cleaners,
health and beauty care and over-the-counter pharmaceutical products
produced by ACI.
-- Furthermore, ACI has nine new distributors in the Chicago and
South Florida markets who will be carrying a comprehensive range of
products.
-- Lastly, ACI has developed a hand sanitizer similar to other national
brand hand sanitizers under its own label, Pharmacy Prescriptions and
available to its private label customers.
These additional new customers and product will help increase ACI sales in 1999. In 1998, annual net sales were $8.5 million,
up from $6.1 million or 39% over 1997.
Alliance Consumer International, Inc. (www.acillc.com) is an international provider of 60 products and solutions for home
cleaning, personal care and over-the-counter pharmaceuticals. Located in Lynwood, California, the company's products are
designed to offer stores and their consumers equivalent products in quality and performance to ''brand name'' items while
offering significantly higher margins to retailers and lower costs to consumers.
According to David Molayem, President, ''we will continue to capitalize on the strong momentum we have created in early
1999 and look forward to extending our strong start through the remainder of fiscal year 1999.'' Further, Mr. Molayem noted
that, ''to maintain this growth, ACI is currently in the process of changing its existing lender and anticipates a change in the near
future. The Company's sale in the second quarter of 1999 have been impacted by restrictions imposed by its lending
arrangement hampering our growth.'' ACI will seek to raise additional capital in the third quarter to accommodate the growth
ACI is experiencing. ACI continues to build new product lines, sign new and significant contracts and offer the marketplace a
range of manufactured products which satisfies the demand of the nation's consumers to receive quality products at value
pricing.
Certain statements in this press release may be ''forward-looking statements'' within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties and factors
which may cause the actual performance of the Company to be materially different.
SOURCE: Alliance Consumer International, Inc. |
