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LEICESTER, New York, April 7, 1997 --
1997, CPAC, Inc. (Nasdaq/NNM: CPAK) today announced that its Board of Directors has
authorized the repurchase of up to 5% of CPAC, Inc. common stock to be made from time-to-
time in the open market or through privately negotiated transactions, when conditions
warrant.
Thomas N. Hendrickson, CPAC Chief Executive Officer, said
that the shares will be repurchased with cash on hand and held in the Company's treasury
for a variety of corporate purposes. Since this program is limited to a maximum of 5% of
outside common shares, Mr. Hendrickson noted, it does not change CPAC's acquisition
strategy.
CPAC, Inc. is a specialty chemical manufacturer operating
in two business segments -- Cleaning and Personal Care, under its brand name The Fuller
Brush Company, and Imaging, with it trademark Trebla and Allied Diagnostic Imaging
chemicals. CPAC, Inc. shares are traded over the Nasdaq National Market System under the
ticker symbol, 'CPAK'. More information is available over the Internet at http://www.cpac-fuller..com.
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