Outlook Group Signs Contract with Major National Consumer Products Company
July 13 2005 - 4:00PM
Business Wire
Outlook Group Corp. (Nasdaq:OUTL) today announced that it has
signed a two-year contract with a major national consumer products
company to produce, package and carton a new consumer product. The
contract is valued at an estimated $20 million over the two-year
period, depending upon the success of the new product in the
consumer marketplace. Additional information on the new product
cannot be disclosed for competitive reasons. "We chose Outlook
Group because of the value added through their complete supply
chain management solution," said a representative of the consumer
products company. "Outlook Group worked hard to identify the exact
technical processes required and the optimal way to amortize the
equipment needed for the development and production of our
product." "Our existing core competency in printing technology will
be the basis for the manufacture of this new consumer product. Our
strong balance sheet enabled us to make the up-front investment in
the specialized equipment needed to develop the new product," said
Joseph J. Baksha, president and chief executive officer of Outlook
Group. "This contract is a significant opportunity for Outlook
Group because it incorporates the manufacture of a consumer product
into the supply chain management services we already offer. It
validates the effectiveness of our supply chain management strategy
and further extends the value we can bring to our clients," said
Baksha. Outlook Group Corp. is a printing, packaging and direct
marketing company offering a variety of related services to clients
in markets including contract packaging, collateral information
management and distribution, direct marketing components and
services, packaging components and materials and specialty print
related services. The company leverages its core competencies by
cross-selling services to provide a single-source solution for its
clients. The discussions of potential future occurrences and
operations, and other statements in the future tense or using terms
such as "believe," "expect," or "anticipate," in this press release
are "forward-looking statements" intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are
subject to certain risks and uncertainties which could cause actual
results to differ materially from those anticipated. Outlook's
periodic filings with the Securities and Exchange Commission
discuss a number of other factors which may affect Outlook's future
operations, including: possible changes in customer relationships;
financing needs to support our relationships; possible termination
of contracts, including long-term contracts; the need to complete
the transitions to the new customer contracts, and the need to
achieve and maintain satisfactory performance thereunder; potential
inability to achieve expected cost savings or delays in their
achievement; changes in project mix and timing; the effects of
industry competition, overcapacity and acquisition activity;
slowdowns in general market and economic conditions, and changes in
other world and national conditions; and the possible need for
future capital investments or equipment enhancements, and related
financing. Readers are urged to consider these factors carefully in
evaluating the forward-looking statements.
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