Business Services Industry
Alpha Pro Tech, Ltd. Announces $5 Million Sales and Marketing Agreement for Engineered Products; Perma ''R'' Products to Sell House Wrap Products
Business Wire, Jan 31, 2005
NOGALES, Ariz. -- Alpha Pro Tech (AMEX:APT)(CHX:APT), a leading developer and manufacturer of proprietary materials for disposable protective apparel and consumer products, announced today that its subsidiary Alpha ProTech Engineered Products, Inc. has signed a 3 year mutually exclusive agreement with Perma "R" Products, Inc., a Grenada, Mississippi-based company in the construction industry. As part of the agreement, Perma "R" will be responsible for all marketing of Alpha Pro Tech's house wrap products, and Perma "R" has agreed to minimum sales of $5 million per year.
"This agreement makes our unique products available to contractors and builders nationwide, backed by the proven expertise and exceptional reputation of Perma 'R' Products," commented Al Millar, Alpha Pro Tech's President. "Perma 'R' has a strong base of house wrap customers and we see their decision to partnership our house wrap as validation of our technology. With Perma 'R''s existing customer base and national sales network, we see this as a winning scenario both for Alpha Pro Tech and Perma 'R' Products."
Tim LeClair, Chief Executive Officer of Perma "R" Products, Inc., added, "During the past 26 years, Perma 'R' has developed a reputation of manufacturing quality products and delivering a one of a kind service. We are considered an innovator in the building materials market by our customers and peers, and adding Alpha Pro Tech's new house wrap is a natural addition to our product line. We look forward to introducing this unique and compelling advance in house wrap technology to our existing customer base and building a long-term and mutually beneficial relationship with Alpha Pro Tech."
About Perma "R" Products, Inc.
Perma "R" Products is a leading manufacturer and developer of cutting-edge products for the building and packaging industries. The Company also owns General Panel Corporation, a manufacturer of Structural Insulated Panel (SIPS) for residential and commercial building markets. Also, Perma "R" is an owner and a manufacturer of LOGIX ICF, an insulated concrete forms (ICF) for all of North America used in residential and commercial markets. The Company's corporate offices are in Grenada, Mississippi, and manufacturing plants are in Grenada; Johnson City, Tennessee; and Union, Mississippi.
About Alpha Pro Tech, Ltd.
Alpha Pro Tech, Ltd. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the medical, dental, industrial, clean room and food service markets. The Company has manufacturing facilities in Salt Lake City, Utah; Nogales, Arizona; Janesville, Wisconsin; and Valdosta, Georgia. For more information and copies of all news releases and financials visit Alpha Pro Tech's Website at http://www.alphaprotech.com.
This news release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in registration statements, annual reports and other periodic reports and filings of the Company filed with the Securities and Exchange Commission. All statements, other than statements of historical facts, which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. As a result, there can be no assurance that the Company's future results will not be materially different from those described herein as "believed," "anticipated," "estimated" or "expected," which reflect the current views of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based.
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