Pacer Technology launches new brush-on Future Glue

Business Wire, June 23, 1997

RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--June 23, 1997-- Pacer Technology (NASDAQ:PTCH), owner of such branded consumer products as Super Glue, Monday announced the launch of its revolutionary new brush-on Future Glue, which the company expects will contribute to revenue and earnings growth.

President and Chief Executive Officer Jim Munn said, "Future Glue Brush-On will first debut on the retail shelves of Walgreens, Michaels and Meijer, and overall acceptance has been very strong. Competitively priced, we anticipate roll-out of the product to most of our 15,000 domestic mass merchandisers, hardware and home centers, arts and crafts stores and grocery and drug chains by year-end.

"We also plan to introduce this product into international markets simultaneously."

Munn stated, "This new product formulation highlights the success of our ongoing research and development efforts to create new products that fulfill a customer need, as well as find new uses for Pacer's products." Munn further said, "Future Glue Brush-On solves many of the spillage problems encountered in our traditional product packaging.

"Applied like nail polish, the user can more easily direct and control the application of the glue. Obviously, we expect the professional and retail nail care market to be strong users of this product, as well as the overall consumer market. We also intend to target the female consumer aggressively, as this product streamlines the application and use of glue."

Munn noted that the company's in-house manufacturing capacity more than adequately supports volume production of this new product.

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth herein in the forward-looking statements, including such factors, among others, as significant fluctuations in operating results, uncertain market acceptance of the company's products and intense competition.

Pacer Technology is a manufacturer and worldwide marketer of advanced technology adhesives, sealants and related products for a variety of consumer and industrial applications. It is the provider of SUPER GLUE, PRO SEAL, ZAP and other well-known branded products.

For more information about Pacer Technology via facsimile call 800/PRO-INFO and dial client code "PTCH."

CONTACT: Pacer Technology, Rancho Cucamonga

Roberto J. Cavazos, Jr., 909/987-0550

or

The Financial Relations Board, Los Angeles

Karen Taylor, general information

Edward J. Tretter, investor/analyst contact

Steven Seiler, media contact

310/442-0599