All>> News posted under ptch thread>>>>>All>>This news will most likely propel the stock to $1.75 or more.>>>>>>>>Pacer
Technology launches new brush-on Future Glue
Business Wire - June 23, 1997 07:00
PACER-TECHNOLOGY PTCH %CALIFORNIA %RETAIL %PRODUCT
V%BW P%BW
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RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--June 23, 1997-- Pacer
Technology (NASDAQ:PTCH), owner of such branded consumer products as Super
Glue,
Monday announced the launch of its revolutionary new brush-on Future Glue, which
the company
expects will contribute to revenue and earnings growth.
President and Chief Executive Officer Jim Munn said, "Future Glue Brush-On will first
debut on
the retail shelves of Walgreens, Michaels and Meijer, and overall acceptance has been
very
strong. Competitively priced, we anticipate roll-out of the product to most of our
15,000
domestic mass merchandisers, hardware and home centers, arts and crafts stores and
grocery
and drug chains by year-end.
"We also plan to introduce this product into international markets simultaneously."
Munn stated, "This new product formulation highlights the success of our ongoing
research and
development efforts to create new products that fulfill a customer need, as well as find
new uses
for Pacer's products." Munn further said, "Future Glue Brush-On solves many of the
spillage
problems encountered in our traditional product packaging.
"Applied like nail polish, the user can more easily direct and control the application of
the glue.
Obviously, we expect the professional and retail nail care market to be strong users of
this
product, as well as the overall consumer market. We also intend to target the female
consumer
aggressively, as this product streamlines the application and use of glue."
Munn noted that the company's in-house manufacturing capacity more than adequately
supports
volume production of this new product.
Except for historical information contained herein, the matters set forth in this news
release are
forward-looking statements that are subject to certain risks and uncertainties that could
cause
actual results to differ materially from those set forth herein in the forward-looking
statements,
including such factors, among others, as significant fluctuations in operating results,
uncertain
market acceptance of the company's products and intense competition.
Pacer Technology is a manufacturer and worldwide marketer of advanced technology
adhesives, sealants and related products for a variety of consumer and industrial
applications. It is
the provider of SUPER GLUE, PRO SEAL, ZAP and other well-known branded
products.
For more information about Pacer Technology via facsimile call 800/PRO-INFO and
dial client
code "PTCH."
CONTACT: Pacer Technology, Rancho Cucamonga
Roberto J. Cavazos, Jr., 909/987-0550
or
The Financial Relations Board, Los Angeles
Karen Taylor, general information
Edward J. Tretter, investor/analyst contact
Steven Seiler, media contact
310/442-0599
REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473
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