CPAC, Inc. Announces Earnings of $.13 per share;
Declares Quarterly Cash Dividend of $.07

LEICESTER, NY, August 8, 2001 – CPAC, Inc., (Nasdaq: CPAK) an international manufacturer and marketer of cleaning chemicals and related accessories, personal care products, and prepackaged imaging chemical formulations, today reported first quarter results for Fiscal Year 2002 ended June 30, 2001 consistent with guidance announced May 2, 2001.

At its regular meeting on August 8, 2001 CPAC’s Board of Directors declared a quarterly cash dividend in the amount of $0.07 per share, payable on September 21, 2001 to shareholders of record at the close of business on August 24, 2001.

Thomas N. Hendrickson, CPAC's President and Chief Executive Officer, remarked, "Like hundreds of other public companies, CPAC's results were impacted by current economic conditions in the U.S. and other countries where we do business. Since these economies show little progress toward recovery, we reiterate expectations for weak sales in the second quarter and possibly for the duration of the fiscal year. However, we are excited by the growth initiatives outlined by new Fuller Brands President Read D. McNamara and, barring unforeseen circumstances, we expect CPAC will remain profitable throughout the fiscal year. At the same time, we will remain focused on continued efforts at cost containment and margin improvements."

Thomas J. Weldgen, CPAC's Chief Financial Officer, stated, "The strong U.S. dollar and high currency translation rates again negatively impacted foreign sales and operating results for all foreign locations. Translated at last year's rates, sales would have been $ 272,000 higher. Pretax income for the combined foreign operations represents a 4.6% return on sales for the quarter compared to 7.7% in the prior year, but is up slightly from the 4% result reported for the quarter ended March 31, 2001."

Mr. Weldgen continued, "EBITDA (earnings before interest, taxes, depreciation and amortization) was $2.2 million or $0.42 per share for the quarter. Depreciation and amortization was $967,000 for the quarter with total capital additions of $234,000, reflecting a philosophy of conserving cash based on low sales levels."

"The statement of cash flows was strong for the quarter," according to Mr. Weldgen, "starting with $8.9 million in cash at March 31, 2001. For the quarter, $858,000 of CPAC stock was repurchased in the marketplace, $492,000 of outstanding debt was paid, and cash dividends of $370,000 were distributed to shareholders. At June 30, 2001 the Company had $8.3 million in available cash, no outstanding balance on its $20 million corporate line of credit, working capital of $31.5 million, and a strong balance sheet. This strong cash position allows CPAC the flexibility it needs to conduct business as usual while providing substantial opportunity for leverage."

The Company will hold its twentieth annual shareholders' meeting on August 9^th at the Genesee River Restaurant and Reception Center in Mt. Morris, NY commencing at 11:00 a.m. EST.

CPAC, Inc. is an international manufacturer and marketer of industrial and household cleaning products and related accessories, and personal care products for the cleaning and personal care industry, as well as prepackaged chemical formulations, supplies, and equipment systems for the imaging industry. The Company operates in two business segments: Cleaning and Personal Care (Fuller Brands) and Imaging. The Fuller Brands segment includes The Fuller Brush Company, Stanley Home Products, and Cleaning Technologies Group. CPAC's Imaging segment serves the global Imaging market and includes three domestic and four international chemical manufacturing operations. CPAC, Inc. shares trade on the Nasdaq National Market System under the ticker symbol "CPAK''. More information is available on the Company's web site (http://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.

(Tables Follow)

CPAC, Inc.
RESULTS OF OPERATIONS

JUNE 30, 2001, AND JUNE 30, 2000

(UNAUDITED)

CPAC, Inc.
SUPPLEMENTAL SEGMENT DATA

JUNE 30, 2001, AND JUNE 30, 2000

(UNAUDITED)