DOUGLAS CALVERT NAMED
PRESIDENT OF CLEANING TECHNOLOGIES GROUP
LEICESTER, NY, August 11, 2003 - CPAC, Inc. (Nasdaq: CPAK) today announced the appointment of Mr. Douglas R. Calvert as President of Cleaning Technologies Group, its commercial cleaning chemicals and hard goods business unit, effective August 11, 2003. Cleaning Technologies Group (CTG), part of CPAC's Fuller Brands segment, was formed in 1997 when The Fuller Brush Company's commercial cleaning division and the former IVAX Industries' janitorial chemicals business combined forces.
As President, Mr. Calvert assumes complete profit and loss responsibility for CTG, and will oversee all sales, marketing, product development, and customer service functions. He is charged with guiding the business into new areas of growth and opportunity as well as managing the current operations.
Mr. Calvert began his career in the institutional and industrial market in 1977 with S.C. Johnson and Son, Inc., holding increasingly responsible positions in sales and marketing for Johnson Professional North America and Worldwide. He moved to ZEP Manufacturing Company in 1994, first as Director and then Vice President of Business Development for this $500 million specialty chemical division of Acuity Brands, Inc. He has more recently held executive sales and marketing positions for BioShield Technologies, Inc., a firm engaged in the development, marketing, and sales of patented antimicrobial technology, and for Kimberly-Clark's Scientific and Industrial business. He has successfully led strategic business development initiatives, resulting in significant improvements in sales and net revenue.
According to G. Robert Gey, President of CPAC's Fuller Brands segment, "Mr. Calvert brings Fortune 500 experience and a record of top and bottom line results to our commercial cleaning operation. The CTG business has strong, recognized brands, a top-notch sales and marketing organization, and limitless potential to contribute positively to shareholder value. Under Mr. Calvert's leadership, we are confident that CTG will not only meet, but exceed our expectations."
Mr. Calvert holds a BA in Business Administration from the University of North Carolina, Charlotte. His office is located in Duluth, GA in the headquarters of the CPAC Imaging segment.
About CPAC, Inc.
Established in 1969, CPAC, Inc. (cpac.com) manages holdings in two industries. The Fuller Brands segment manufactures commercial, industrial, and household cleaning products, as well as custom brushes and personal care lines for The Fuller Brush Company, Stanley Home Products, and Cleaning Technologies Group. The CPAC Imaging segment develops and markets innovative imaging chemicals, equipment, and supplies at eight business units worldwide. Stock is traded under the symbol: CPAK.
Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties, which may affect CPAC's business and prospects, including economic, competitive, governmental, technological, and other factors discussed in CPAC's filings with the Securities and Exchange Commission.
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