MOD-PAC CORP. Announces Agreement with American Solutions for Business; Joins Preferred Vendor Network of Top Commercial Print D
September 12 2006 - 8:00AM
Business Wire
MOD-PAC CORP. (NASDAQ: MPAC) a commercial on demand printer and
manufacturer of custom paperboard packaging, announced today that
it has signed an agreement with American Solutions for Business to
join its Preferred Vendor Network. As a member of this network,
MOD-PAC's products and services are available to over 500 American
Sales Associates located across the U.S. and Canada. American
Solutions for Business is a premier provider of commercial
printing, forms, labels and envelopes as well as promotional
products, packaging and office supplies. They were ranked in the
June 2006 issue of Print Solutions Magazine, an industry
publication, as the third largest print distributor with 2005 sales
approaching $240 million. As reported by the magazine, the Top 10
distributors generated over $2.2 billion in sales in 2005. As an
employee owned company, American Solutions for Business provides
its customers with high-quality, innovative products and services
at competitive prices through leading edge e-commerce capabilities
and their world-class sales team. Daniel G. Keane, President and
CEO of MOD-PAC, comments, "The agreement we signed with American
Solutions for Business represents the building momentum in our
efforts to target the print distribution industry as an additional
market channel for our commercial product line. We have developed a
business model to service and support the potential for large
volumes of orders through print distributor networks, including the
development of private labeled web stores. Web to print stores are
the front-end vehicles for capturing and managing the large flow of
orders into our efficient print facility." Mr. Keane added,
"American Solutions for Business has a strong reputation for
providing its customers with superior products and services, and we
believe our print capabilities and high standards of excellence are
a good fit. We will be aggressively marketing to their sales
associates for the second half of this year to build awareness of
MOD-PAC's offering, which kicked off with our attendance at
American's annual sales conference last month." ABOUT MOD-PAC CORP.
MOD-PAC CORP. is a high value-added, on demand print services firm
operating a unique low-cost business model. MOD-PAC leverages its
capabilities to innovate and aggressively integrate technology into
its marketing, order in-take and production operations to provide
economically-priced, short run, on demand full-color commercial and
folding carton print products and services. MOD-PAC, through its
large, centralized "SuperPrint" facility, has captured significant
economies of scale by channeling large numbers of
small-to-medium-sized print orders through its operations.
MOD-PAC's key differentiator is its success at being a just-in-time
producer of short-run, quality on demand print products. Through
its lean manufacturing processes coupled with state-of-the-art
printing technologies, MOD-PAC is able to address short-run, highly
variable content needs of its customers with short turn around
times relative to industry standards. MOD-PAC's strategy is to
expand its market share by leveraging its capabilities and
flexibility to meet the growing customized needs of its customers.
Additional information on MOD-PAC can be found at its website:
http://www.modpac.com ABOUT AMERICAN SOLUTIONS FOR BUSINESS
American Solutions for Business is the industry-leading distributor
of printing, promotions and enterprise-wide document management
solutions. The company's annual sales total over $223 million.
Sales and distribution occur in 50 states, Canada and Puerto Rico.
Additional information on American Solutions for Business can be
found at: www.americanbus.com. Safe Harbor Statement: This press
release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended. One
can identify these forward-looking statements by the use of the
words such as "expect," "anticipate," "plan," "may," "will,"
"estimate" or other similar expressions. Because such statements
apply to future events, they are subject to risks and uncertainties
that could cause the actual results to differ materially. Important
factors, which could cause actual results to differ materially,
include market events, competitive pressures, changes in
technology, customers preferences and choices, success at entering
new markets, the execution of its strategy, marketing and sales
plans, and other factors which are described in MOD-PAC's annual
report on Form 10K on file with the Securities and Exchange
Commission. The Company assumes no obligation to update
forward-looking information in this press release whether to
reflect changed assumptions, the occurrence of unanticipated events
or changes in future operating results, financial conditions or
prospects, or otherwise.
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