LESCO Opens 300th Service Center
November 28 2005 - 2:37PM
PR Newswire (US)
Company Continues Opening New Service Centers to Better Serve
Customers CLEVELAND, Nov. 28 /PRNewswire-FirstCall/ -- LESCO, Inc.
(NASDAQ:LSCO), a leading provider of professional turf care and
pest control products, continues its growth with the opening of its
300th LESCO Service Center(R) location. The Service Center is
located in Concord, California and is the 26th Service Center to
open in 2005. In 2003, after five years of no store expansion, the
Company embarked on a campaign to resume opening new Service
Centers and has since added 74 locations to its portfolio. LESCO
believes there are opportunities for 500+ Service Centers over the
long-term and, as previously communicated, intends to increase its
store base by 10 to 15 percent annually. "LESCO is one of the most
recognizable brands in the professional green industry, providing
quality products and agronomic expertise to more than 130,000 lawn
care, landscape, golf course and pest control professionals across
the country. We look forward to helping more of these businesses
grow in the years to come, as we expand into the roughly 50% of the
market that we have not yet penetrated," noted Jeffrey Rutherford,
LESCO's President and Chief Executive Officer. Mr. Rutherford
concluded, "We appreciate the hard work and dedication of all our
sales associates in helping us achieve this tremendous milestone.
Most importantly, the traction we have gained with our newer
Service Centers demonstrates that we are using our capital wisely
and making progress towards our goal of generating a return on
invested capital above 10%." About LESCO, Inc. LESCO serves more
than 130,000 customers worldwide, through 300 LESCO Service
Center(R) locations, 111 LESCO Stores-on-Wheels(R) vehicles, the
Internet, and other direct sales efforts. Additional information
about LESCO can be found on the Internet at http://www.lesco.com/.
CONTACT: Michael Weisbarth Vice President & Chief Financial
Officer LESCO, Inc. 216-706-9250 DATASOURCE: LESCO, Inc. CONTACT:
Michael Weisbarth, Vice President & Chief Financial Officer of
LESCO, Inc., +1-216-706-9250 Web site: http://www.lesco.com/
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