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LEICESTER, N.Y., April 14, 1997 -- CPAC,
Inc. (Nasdaq: CPAK)
today announced that its graphics arts subsidiary has introduced its innovative
LiquidPowder(TM) Slush(TM) pre-press chemistry packaged in an environmentally sound soft
pouch. The new product was developed with #1 Network, the nation's largest graphic arts
distribution organization serving over 40,000 facilities. #1 Network projects to convert
25% of its customers to CPAC's pouch product over the next twenty-four months. The total
U.S. demand for graphic arts pre- press chemistry is roughly $36 million. #1 Network has
approximately one- third of the market.
The unique combination of the super-concentrated chemistry
packaged in a soft pouch provides the benefits of both liquid and powder, including
convenient and consistent mixing, and reduced shipping and handling costs. The pouch helps
reduce environmental waste and disposal problems associated with traditional rigid plastic
bottles, a growing concern for imaging customers.
According to Fred Miller, National Sales Manager for #1
Network, "CPAC is the only U.S. chemical manufacturer offering this unique formula
and package for graphic arts facilities. Since #1 Network has one-third of the total
market, this gives us an opportunity to gauge the effectiveness and acceptance of
innovative products. Our customers are very pleased with the convenience and ease of
disposal with the new pouches," he said.
CPAC's graphic arts subsidiary is headquartered in
Norcross, Georgia. CPAC, Inc. manufactures processing chemicals and pollution control
equipment for the global imaging market. The Company also produces and markets cleaning
and personal care products for household and commercial use. CPAC, Inc. shares are traded
over the Nasdaq National Market System under the ticker symbol "CPAK".
Additional product and financial information is available on the Internet at http://www.cpac-fuller.com or http://www.cpacimaging.com.
Except for the historical matters contained herein,
statements in this press release are forward looking and are made pursuant to the safe
harbor provisions of the Securities Litigation Reform Act of 1995. Investors are cautioned
that forward looking statements involve risks and uncertainties which may affect CPAC's
business and prospects, including economic, competitive, governmental, technological and
other factors discussed in CPAC's filings with the Securities and Exchange Commission.
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