Pacer Technology Reports "Best Ever" Third-Quarter
Revenues and Nine-Month Fiscal 1998 Results
Folks, I got Pie In my face on PTCH sold out too soon, always made nice profits on my PTCH. I always felt PTCH was a great undervalued stock. I think you investors will do well here. wishing you the best.
Regards,
Malcolm
RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--April 23, 1998--Pacer Technology
(NASDAQ:PTCH - news), owner of such branded consumer products as Super Glue, ZAP and
PRO SEAL, Thursday announced continued gains in net sales, operating income and net income for
its fiscal 1998 third quarter.
Continued growth both domestically and internationally for Pacer's products, along with the
significant contribution from the California Chemical acquisition last summer, drove quarterly results.
Also favorably impacting Pacer's performance was the Cook Bates acquisition, which continues to
go well, according to President and Chief Executive Officer Jim Munn.
Cook Bates, which was acquired in March, manufactures and markets manicure implements such as
nail clippers, emery boards, tweezers and related manicure products.
''Pacer is actively seeking additional acquisition opportunities that complement our existing
businesses and enable us to take advantage of our increasingly formidable distribution channels,''
added Munn. |
