QuotesTCPN
Thursday October 8, 6:03 am Eastern Time
Company Press Release
Temperature Control Packager Announces Record Revenues for the Second Consecutive Quarter
EDISON, N.J.--(BUSINESS WIRE)--Oct. 8, 1998--TCP/Reliable, Inc. (OTCBB: TCPN - news) 3rd quarter sales increased 100% over the prior year's quarter. In addition, this is the second consecutive calendar quarter providing record revenues. The company's backlog continues to provide revenues to be derived through the first quarter of 1999.
These unprecedented financial results appear to be resulting from the both the pharmaceutical and food categories' growth and public recognition of the importance of temperature control packaging. TCP's contributions to the field of temperature control packaging were shared by Sanford L. Cook, President & CEO, at the 9/16/98 meeting for the Validation Committee, Institute of Packaging Professionals: ''Climate: A Clear and Present Danger to the Product.''
TCP has recently entered the temperature-monitoring field to enhance its climate packaging systems. The Xi3, a microelectronic temperature sensor/alarm with programmable thresholds is compatible with Windows95, Windows NT and Windows 3.1. This cost-effective data logger unit automatically provides the mean kinetic temperature (MKT) and displays visual confirmation of the payload's transit temperature record.
TCP's upcoming climate control seminar: ''Climate, Your Product and Thermodynamics'', October 22-23, 1998 is open to interested parties. Please contact TCP for additional information and/or reservations.
This climate control packager designs, creates, tests, and manufactures temperature control packaging systems for the pharmaceutical, food and industrial categories. TCP is a Certified Laboratory member of ISTA.
The forward-looking statements contained in this press release reflect the company's current beliefs and expectations, but may involve risks and uncertainties. These forward-looking statements are made pursuant to the harbor provisions of the Private Securities Litigation Reform act of 1995.
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Contact:
TCP/Reliable, Inc., Edison
Voice Line: 732.346.9200
Facsimile: 732.346.0295
E-mail: tcpmkt@aol.com |
