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To: CIMA who wrote (16947)	12/14/1999 3:30:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

PTCH - ANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Dec. 14, 1999--Pacer Technology (Nasdaq:PTCH) announced that its board of directors has authorized a program for repurchases of up to 10 percent of Pacer's outstanding common stock. Shares purchased under this program are to be used to provide shares for employer equity compensation plans. The stock repurchase program will be put into effect within the next 30 days. Share repurchases by the company may be made from time to time in the open market or in block purchases and in private transactions in compliance with Securities and Exchange Commission rules and guidelines. "We believe that the buy-back of our shares is an attractive opportunity for the company and is a good investment of corporate funds and is in the best interests of our shareholders," stated Tom Nightingale, Pacer's president and chief executive officer. Pacer Technology is a world-class manufacturer, packaging and distribution company engaged in marketing advanced technology adhesives, sealants and related products, as well as manicure implements for consumer markets on a worldwide basis. It is the provider of SUPER GLUE(R), ZAP(R), PRO SEAL(R), Cook Bates(R), Diamon Deb(R)/Kurlash(R) and Gem(R), and other well-known branded products. This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Pacer Technology, or its representatives, have made or may make forward-looking statements, orally or in writing. The words "estimate," "project," "potential," "intended," "expect," "believe," and similar expressions or words, are intended to identify forward-looking statements. Such forward-looking statements may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, news releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. Reference is hereby made to the company's Annual Report on Form 10-K for the fiscal year ended June 30, 1999, for information regarding those factors and conditions. --30--MRA/la* MT/la CONTACT: Pacer Technology W.T. Nightingale III, 909/987-0550