Leicester, NY, April 17, 2003 - CPAC, Inc. (Nasdaq: CPAK) today announced the appointment of Stephen J. Carl, Esq, to its Board of Directors. CPAC now has four independent and two inside Directors.
Mr. Carl, 36, is Chief Operating Officer of Clover Capital Management, Inc. in Pittsford, NY. An attorney by profession, he practiced at Woods, Oviatt, Gilman, Sturman & Clarke law firm, before becoming legal counsel to a family of companies including two investment advisors, a mutual fund complex, and a trust company. In 2000, Mr. Carl joined Clover Capital to assume his current role as Chief Operating Officer, overseeing all business and client services functions in addition to his legal/compliance responsibilities.
According to Thomas N. Hendrickson, CPAC, Inc. President and CEO, "We are extremely pleased that Mr. Carl has agreed to join our Board as an outside director. In addition to his financial and legal background, he brings diverse marketing expertise that will be of particular value to CPAC's strategic growth initiatives."
Mr. Carl graduated with honors from the University of Rochester and received a law degree from Albany Law School at Union University. He is active in several local charities, especially the Parks Junior Golf Foundation. Mr. Carl, his wife Sandra and two sons reside in Brighton, NY.
Established in 1969, CPAC, Inc. (cpac.com) manages holdings in two industries. CPAC Global Imaging Group develops and markets innovative imaging chemicals, equipment, and supplies at eight business units worldwide. The Fuller Brands segment manufactures commercial, industrial, and household cleaning products, as well as custom brushes and personal care lines. Stock is traded under the symbol: CPAK.
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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