All-- Big, big news>>>>>>>>>>>>>>>>>>>>>Wednesday July 2 7:03 AM EDT
Company Press Release
Pacer Technology captures The Home Depot business
RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--July 2, 1997--Pacer Technology
(NASDAQ:PTCH), owner of branded consumer products such as Super Glue, Wednesday
announced that The Home Depot, the nation's largest home center, has selected Pacer as its
exclusive vendor of record for carded adhesives.
As a result, Pacer expects to generate a substantial increase in revenues over the next three years.
These revenues will increase earnings materially during the same period.
The Home Depot currently has 542 stores and an aggressive growth strategy to expand to 1,000
stores by the year 2000. In head-to-head competition, Pacer won the right to supply all of the
carded adhesives to the 500 expansion stores, as well as to 115 of the existing stores.
President and Chief Executive Officer James T. Munn said: ``Pacer was chosen by The Home
Depot because we have the No. 1 branded product and provide consistent superior quality.
Driving their decision was also our proven track record for on-time delivery and our ability to
provide in-store service.''
Munn added: ``The Home Depot has a very innovative selective process and has established
extremely high standards in choosing its suppliers. Pacer successfully competed head to head with
worldwide competitors in winning this client.'' Munn concluded, ``We rank as the top player in our
industry and look forward to a long and mutually beneficial relationship with The Home Depot.''
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
Financial Relations Board, Los Angeles
310/442-0599
Karen Taylor, general information
Edward J. Tretter, investor/analyst contact
Steven Seiler, media contact |
