I am in PNTK, anyone?
(PR NEWSWIRE) Pentech Enters e-Commerce
Pentech Enters e-Commerce
EDISON, N.J., March 4 /PRNewswire/ -- Pentech International, Inc.
(Nasdaq: PNTK), today announced it will establish a retail Website and develop
an e-commerce solution to market its innovative children's activity products
and writing instruments.
"We intend to leverage the power of our COLOR CLUB(R) brand and become a
leading marketer of children's activity products on the World Wide Web," said
David Melnick, president and CEO. "We expect to be up and running by July,
1999."
The company's long-term plans call for the building of a Web community
with other strategic partners that will involve content sharing and cross
marketing opportunities, Mr. Melnick added. Pentech's goal is to use the
Internet to penetrate and increase sales in both its retail and e-commerce
channels.
Pentech manufactures and markets writing instruments and accessories, and
art and activity products to major food and drug chains, mass merchants,
office superstores, and warehouse clubs.
Statements which are not historical facts, including statements about the
company's confidence and strategies and its expectations about new and
existing products, technologies and opportunities, market and industry segment
growth, demand and acceptance of new and existing products are forward looking
statements that involve risks and uncertainties. These risks include, but are
not limited to, product demand and market acceptance risks; the impact of
competitive products and pricing; the results of financing efforts; the loss
of any significant customers of any business; the effect of the company's
accounting policies; the effects of economic conditions and trade, legal,
social, and economic risks, such as import, licensing, and trade restrictions;
the results of the company's business plan and the impact on the company of
its relationship with its lender.
SOURCE Pentech International, Inc.
-0- 03/04/99
/CONTACT: William Visone, VP Finance of Pentech International, Inc.,
732-287-6640, ext. 136, or James T. Berger of The Investor Relations Company,
847-564-5610, for Pentech International, Inc./
(PNTK)
CO: Pentech International, Inc.
ST: New Jersey
IN: REA
SU: PDT
*** end of story ***
|
