Business Services Industry
Michelex Media Products Receives More Than Double the Projected Orders
Business Wire, March 22, 2004
Business Editors
MASSENA, N.Y.--(BUSINESS WIRE)--March 22, 2004
Michelex Corporation (OTCBB:MHXC), announces that Michelex Media Products, its newest division, more than doubled management's expectations by receiving over two times its original projected orders, during the first eight months of operations.
Michelex Media Products provides CD and DVD packaging which includes a variety of Paper, Tyvek, Poly as well as Board Mailers. Additionally, the new division offers a number of special plastic packaging inclusive of the standard C-shell and disc savers. Michelex is also the exclusive distributor of the Poron Hubproducts to customers worldwide.
The division's growth has continued into December and the Company now believes it's original forecast for the Media Products division for the first 12 months is extremely conservative. "With the initial launch being so successful we are very excited about the Division's future and we feel that it was a valuable addition to Michelex Corporation. With the seamless integration of administration expenses, virtually no additional overhead is being incurred by the new division. This was a natural avenue for us to take," said Cynthia Cassell Vice President of West Coast Sales and Administration.
Thomas Gramuglia, Director, Vice President, and Treasurer, "We are very excited to be a publicly trading company and anticipate that many doors will be opened for us in the future. Everyone has worked very hard over the last 30 plus years to make Michelex a prosperous and growing company. We are committed to continue working in the same diligent manner for our new shareholders."
About Michele Audio
Michele Audio Corporation of America began business in March 1972. The Corporation manufactures and distributes sound recordings, including cassettes, LP's and compact discs, C-Zero's, C-Shells, Norelco Boxes, Jewel Boxes and other related products. Additional manufacturing facilities were opened in March 1999 in Salt Lake City, Utah to increase production of jewel boxes and trays. Michele Audio is a fully integrated audio replication and multimedia fulfillment company providing professional services to distributors through three divisions.
Michele Audio - audio duplication services and exclusive rights holder of a catalog of music and spoken word recordings.
Michelex Plastics - producer/supplier/distributor of plastic multimedia packaging products as well as offering complete fulfillment services.
Michelex Media Products - producer/supplier/distributor of paper multimedia packaging products as well as offering complete fulfillment services of smaller orders.
For further information, www.micheleaudio.com . Please note, for shareholder's convenience, the website is being updated, including an improved investor section.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
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