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January 4, 2000, Leicester, NY….CPAC, Inc. (Nasdaq: CPAK) announced today that
it has named Wendy F. Clay to Chief Operating Officer of the Stanley Home Products (SHP)
direct selling business. Ms. Clay will report directly to CPAC, Inc. Senior Vice President
and Chief Operating Officer, Robert C. Isaacs.
Commenting on Ms. Clay’s appointment, Mr. Isaacs said, "Wendy has been
involved in the transitional management of two CPAC subsidiaries and has a strong
background in business operations and marketing. As Chief Operating Officer for SHP she
will provide overall strategic direction for the business to capitalize on opportunities
in the direct selling industry, as well as assume responsibility for all operations and
performance of the business."
"I look forward to the opportunity to assist Stanley Home Products in enhancing
its already solid position within the direct selling industry," Ms. Clay said.
"Stanley possesses significant growth potential, which will be driven by the
development of products and programs to service the personal care needs of some of the
fast-growing niches in direct selling, such as Hispanic and African-American
consumers."
Ms. Clay began her career with CPAC in 1982. She has served as President, CPAC
Equipment Division; Acting Chief Operating Officer, Allied Diagnostic Imaging Resources;
and Vice President, Administration for CPAC, Inc. She completed an MBA from the University
of Rochester’s Simon School of Business, and has a Bachelor of Arts from the
University of Kentucky.
Founded in 1931, Stanley Home Products is a marketer of over 200 cleaning and personal
care products sold by a nationwide network of approximately 9,000 customer representatives
via "the party plan", a method developed by founder Frank Stanley Beveridge. Its
products include high-quality household cleaners as well as new lines of skincare and
"bath and body" items. Stanley Home Products’ annual sales are
approximately $17 million.
CPAC, Inc. is a specialty chemical manufacturer operating in two business segments:
Cleaning and Personal Care (Fuller Brands) and Imaging. Its Fuller Brands segment is
comprised of The Fuller
Brush Company, Stanley Home Products, and Cleaning Technologies Group. The Imaging
segment serves the worldwide Imaging market and is comprised of Trebla Chemical Company,
Allied Diagnostic Imaging Resources, Inc., CPAC Equipment Division, and four international
chemical manufacturing operations. CPAC, Inc. shares are traded over the Nasdaq National
Market System under the ticker symbol, ‘CPAK’. More information is available on
the company’s website (www.cpac-fuller.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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