Proforma Partners with Global Source Link, Adds More Than 100 Sales People
Proforma, Cleveland, a leader in the printing and promotional products industry, announced today that it has entered into an agreement with Fort Scott, Kansas-based, Global Source Link (GSL). This transaction will result in more than 100 GSL sales professionals becoming individual members of the Proforma Network.
GSL distributors specialized in printing, promotional products and office supplies. The new affiliation will give the GSL distributors enhanced marketing programs and sales tools; improved buying clout with industry suppliers; and expanded product offerings including e-commerce and multimedia. In addition, they will have access to Proforma’s world class back office support services including billings, accounts payables and receivables, credit, collections, enhanced cash flow services, free credit insurance and ProVision, Proforma’s state of the art computer operating systems.
“We are excited to have the Global Source Link professionals join our team,” said Greg Muzzillo, founder of Proforma. “This is a key step in Proforma’s goal of becoming the preeminent brand in the industry through increased awareness and support across a wide demographic.”
By utilizing Proforma’s expertise in promotional products, business documents, e-commerce and multimedia, annual sales are expected to be in excess of $30 million.
“Proforma is the ideal fit for Global Source Link. This partnership will help each one of the GSL sales professionals increase sales by providing them with additional tools and resources,” said Michael Del Chiaro, president of GSL. “We are confident that this will be a win-win situation for Proforma and GSL.”
With more than 730 independent offices throughout North America, Proforma is consistently ranked among the top three distributors in the industry. In 2009, Proforma added 150 new owners to the system including four multimillion dollar distributors, more than 20 million dollar distributors and 33 members with more than a half million dollars in sales.
About Proforma
With more than 30 years of experience, Proforma remains clearly focused on providing solutions to North American businesses for their graphic communications needs. A leading provider of promotional products, printing services, business documents and e-commerce solutions, Proforma has received numerous awards and is recognized as one of the top three largest companies in the promotional products industry. Proforma serves more than 50,000 clients through more than 700 member offices in North America.
For more information about Proforma, visit www.proforma.com.
HALO/Lee Wayne Parent Company Reports Earnings
Compass Diversified Holdings, Westport, Conn., an owner of leading middle market businesses including HALO/Lee Wayne, Sterling, Ill., announced its consolidated operating results for the three and 12 months ended December 31, 2009.
Fourth Quarter and Full Year 2009 Highlights
- Generated cash flow available for distribution and reinvestment ("CAD" or "cash flow") of $17.9 million for the fourth quarter of 2009 and $37.0 million for the full year 2009;
- Reported a net loss of $0.1 million for the fourth quarter of 2009 and a net loss of $39.6 million for the full year 2009, which includes a $24.6 million negative impact from one-time noncash items
- Paid a fourth quarter 2009 cash distribution of $0.34 per share, bringing cumulative distributions paid to $4.64 per share since CODI's IPO in May of 2006
CODI reported cash flow (see note regarding use of non-GAAP Financial Measures below) of $17.9 million for the quarter ended December 31, 2009, as compared to $11.2 million for the prior year period. CODI's cash flow for the year ended December 31, 2009 was $37.0 million as compared to $50.6 million for the prior year period. CODI's weighted average number of shares outstanding for the quarter and twelve months ended December 31, 2009 was approximately 36.6 million and 34.4 million, respectively.
The approximate 60 percent improvement in cash flow for the fourth quarter of 2009 compared to the year-earlier period was due to strengthening revenue trends at a number of CODI's subsidiaries, as well as a variety of cost containment measures across its businesses. CODI's cash flow decline for the year ended December 31, 2009 compared to the prior year was largely attributable to the negative impact of the economy, particularly on the Company's Staffmark subsidiary.
CODI's cash flow is calculated after taking into account all interest expense, cash taxes paid and maintenance capital expenditures, and includes the operating results of each subsidiary for the periods during which CODI owned them. However, cash flow excludes the gains from sales of businesses, which have totaled over $109 million since 2007.
The net loss for the quarter ended December 31, 2009 was $0.1 million, as compared to net income of $2.4 million for the quarter ended December 31, 2008. CODI reported a net loss for the year ended December 31, 2009 of $39.6 million, as compared to net income of $81.8 million for the prior year period. Net income for 2008 includes gains of approximately $73.4 million from the sale of Aeroglide Holdings Inc. and Silvue Technologies Group Inc. During the first quarter of 2009, CODI recorded $59.8 million of non-cash impairment expense for the Company's Staffmark subsidiary, partially offset by the associated tax benefit of $22.5 million and by $12.7 million for the noncontrolling shareholders portion of this impairment expense.
As of December 31, 2009, CODI had $31.5 million in cash and cash equivalents on hand, $76.0 million outstanding on its term debt facility and $137 million of borrowing availability under its $340 million revolving credit facility. The company has no significant debt maturities until 2013.
On January 8, 2010, CODI's board of directors declared a distribution of $0.34 per share. The distribution was paid on January 28, 2010 to all holders of record as of January 22, 2010.
Commenting on the quarter, Joe Massoud, CEO of Compass Diversified Holdings, said, "We are very pleased to report strong results for the fourth quarter, which significantly exceeded our expectation. CODI's Cash Flow in that period grew by approximately 60% as compared to the year-earlier period. Over the past year and a half, our companies have exploited the difficult economic environment and our comparative financial strength to increase market share relative to their competitors. We have also continued to invest in outstanding managers and in high return organic and external growth initiatives across all our subsidiaries. These factors, coupled with aggressive cost controls where appropriate, enabled us to finish 2009 with strengthening revenue trends and greater operating leverage. For 2010, we expect to achieve significant year-over-year growth in CAD, excluding the impact of any new platform businesses we may acquire, and are already beginning to see these trends in the first quarter."
Mr. Massoud concluded, "Our efforts to grow our existing subsidiaries through new attractive purchases of businesses are also beginning to show results. We are optimistic about our ability to add to our family of platform subsidiaries in the coming quarters, as well as to continue to make highly accretive add-on acquisitions to our current companies. We have been disciplined in utilizing our financial capacity and hope to reward our shareholders for their patience by acquiring businesses that are niche market leaders with highly defensible positions and are managed by proven and incentivized management stewards."
Conference Call
Management will host a conference call this morning at 9:00 a.m. ET to discuss the latest corporate developments and financial results. The dial-in number for callers in the U.S. is (888) 389-5993 and the dial-in number for international callers is (719) 325-2393. The access code for all callers is 2251294. A live webcast will also be available on the Company's website at www.compassdiversifiedholdings.com.
A replay of the call will be available through March 16, 2010. To access the replay, please dial (888) 203-1112 in the U.S. and (719) 457-0820 outside the U.S., and then enter the access code 2251294.
Note Regarding Use of Non-GAAP Financial Measures
CAD, or Cash Flow, is a non-GAAP measure used by the Company to assess its performance, as well as its ability to sustain and increase quarterly distributions. A number of CODI's businesses have seasonal earnings patterns, with the first quarter typically being the slowest of the year. Accordingly, the Company believes that the most appropriate measure of its performance is over a trailing or expected 12-month period. We have reconciled CAD, or Cash Flow, to Net Income and Cash Flow Provided by Operating Activities on the Attached Schedules. We consider Net Income and Cash Flow Provided by Operating Activities to be the most directly comparable GAAP financial measures to CAD, or Cash Flow.
About Compass Diversified Holdings ("CODI")
Compass Diversified Holdings ("CODI") was formed to acquire and manage a group of middle market businesses that are headquartered in North America. Its subsidiaries are a diverse group of businesses with highly defensible market positions.
CODI's structure involves acquisition of controlling ownership interests in its subsidiaries in order to maximize its ability to impact each subsidiary's performance. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI's model involves discipline in identifying and valuing businesses, proactive engagement with the management teams of the companies it acquires and the monetization of its subsidiaries when it believes that doing so will maximize shareholder value. The Company seeks to provide an extraordinarily high level of transparency in financial reporting and governance processes for the benefit of its shareholders. CODI currently has six subsidiaries operating in distinct market niches. The cash flows generated by these businesses are utilized in pursuit of CODI's dual objectives of investing in the long-term growth of the Company and making distributions of cash to its shareholders.
Our Subsidiary Businesses
Each of our companies is a leader in their respective market niche.
Based in Ecru, MS, American Furniture Manufacturing is a manufacturer of promotionally priced upholstered furniture. Visit www.americanfurn.net.
Based in Coral Springs, FL, Anodyne Medical Device is a designer manufacturer of medical support surfaces and other wound treatment devices. Visit www.anodynemedicaldevice.com.
Based in Aurora, CO, Advanced Circuits is a manufacturer of quick-turn, prototype and production rigid printed circuit boards ("PCBs"). Visit www.4pcb.com.
Based in Watsonville, CA, Fox Racing Shox is a designer and manufacturer of suspension products for mountain bikes and powered off-road vehicles. Visit www.foxracingshox.com.
Based in Sterling, IL, Halo Lee Wayne is a one-stop resource for design, sourcing and fulfillment of promotional products. Visit www.haloleewayne.com.
Based in Cincinnati, OH, Staffmark is a provider of temporary staffing services, operating over 300 locations in 29 states. Visit www.staffmark.com.
To find out more about Compass Diversified Holdings, please visit www.compassdiversifiedholdings.com.
This press release may contain certain forward-looking statements, including statements with regard to the future performance of the Company. Words such as "believes," "expects," "projects," and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the Securities and Exchange Commission for the year ended December 31, 2009 and other filings with the Securities and Exchange Commission. CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A copy of this press release, and of past press releases, is available on Compass Diversified Holdings' website located at www.compassdiversifiedholdings.com.
Norwood to Close San Antonio Plant (Mysanantonio.com)
Norwood Promotional Products, Indianapolis, a company with strong San Antonio ties that prints logos for businesses to use for giveaway items, will shutter its Southwest Side plant as part of a company consolidation that will ax 345 local manufacturing jobs.
Norwood, which has manufactured products in San Antonio since the 1980s, plans to transfer the bulk of its operations from its Alamo City facility to the company's plant in Red Spring, Minn., president Paul Lage said.
Click here to read the entire story from Mysanantionio.com.
Aprons, Etc. Celebrates 25th Anniversary
Mauldin South Carolina-based Aprons, Etc. announced the company is celebrating its 25th anniversary. Aprons, Etc.'s parent company, Marketing Resource Group Inc., was established in 1985 by Jeff and Lucy Hoffman in Greenville, S.C. The original company opened as a textile manufacturer that marketed almost exclusively to the retail trade with a product line of aprons and kitchen textiles.
The Aprons, Etc. division started contract screen printing shortly after that and moved into selling to the promotional products industry.
A product line expansion created new opportunities in the 1990s as the company developed a new category of event marketing display table covers under the brand name Display Solutions. New manufacturing technologies along with increased large format printing capabilities pushed the line by the 2000s to become the Digital Source.
For more information on Aprons, Etc., visit www.apronsetc.com.
Extension of SBA Recovery Lending Programs Will Support $1.8 Billion in Small-Business Lending
President Barack Obama signed legislation Tuesday extending until March 28 the U.S. Small Business Administration’s (SBA) ability to provide small business loans that are enhanced with special provisions of the American Recovery and Reinvestment Act (ARRA), including a higher guarantee of SBA-backed loans and a waiver of loan fees normally paid by borrowers.
The SBA estimates the additional funding will support about $1.8 billion in small-business lending. New approvals of eligible loans with the higher guarantee and reduced fees made possible by the Recovery Act are expected to resume on March 10. Loan applications from borrowers in the SBA’s Recovery Loan Queue will be funded first, followed by new loan applications. “These key loan programs have been successful in helping jump-start the economic recovery for America’s small businesses,” said SBA administrator Karen Mills. “The increased guarantee and reduced fees on SBA loans helped put almost $22 billion into the hands of small-business owners and brought more than 1,100 lenders back to SBA loan programs. As a result, average weekly loan approvals by SBA have climbed by 87 percent compared to the weekly average before passage of the Recovery Act.”
Mills continued, “We will continue working with the President and with Congress to move forward with proposals for a longer extension for these important program enhancements, as well as higher loan limits, refinancing for commercial property loans and other significant ongoing support for small businesses. Small businesses need the changes the President has called for to ensure that they have the tools they need to drive economic growth and create jobs in communities all across the country.”
As part of the Recovery Act, the SBA received $730 million, which included $375 million to increase the SBA guarantee on 7(a) loans to 90 percent and to waive borrower fees on most 7(a) and 504 loans. The funds for these programs were exhausted on Nov. 23, and an additional $125 million was provided in December. Those funds were exhausted in late February.
The SBA has implemented the Recovery Loan Queue twice before as part of its temporary transitions back to pre-Recovery Act lending. Eligible small businesses, in consultation with their lender, could choose to be placed in the queue for possible approval of a Recovery Act loan if funding became available from loans canceled for a variety of reasons. Currently there are 652 loan requests totaling $230 million in the Recovery Loan Queue.
The extension signed by President Obama authorizes the higher guarantee levels through March 28, 2010, for 7(a) loans. The fee relief is available until the additional funding is exhausted or the end of the fiscal year on Sept. 30, whichever comes first. As was the case in November and again in February, the SBA is prepared to transition into a queue system as the funds start to wind down in order to ensure the maximum simulative effect of the programs and disbursement of funds.
For non-Recovery Act 7(a) or 504 loans already funded during the transition period, this extension does not provide a retroactive guarantee or waived fees. Loans that were funded under non-Recovery Act terms cannot be canceled and resubmitted to take advantage of the Recovery Act extension provisions.
This extension does not affect other SBA Recovery Act programs, including the America’s Recovery Capital (ARC) loan program or the agency’s microloans. Recovery Act funding still remains available for both of those programs.
For more information, visit www.sba.gov.
Maple Ridge Farms Introduces Individually Wrapped Cookies with Custom 4-Color Labels
Mosinee, Wisconsin-based Maple Ridge Farms announced the company introduced individually wrapped, individually labeled, home-style cookies.
Tom Riordan, president of Maple Ridge Farms explained, “Our Home-Style Cookies have been extremely popular with distributors and their clients. Last year, we began handing out cookies bearing a label with our logo at trade shows. Since that time, distributors have been asking if they could get cookies labeled with their client’s logo.” Riordan continued, “To meet their wishes, we have introduced individually wrapped cookies with a four-color label. We offer two versions: one with a six-week shelf life; the other with a two-week shelf life. With no die charge, no set-up charge, no running charge and a low minimum of 500 cookies, they will be great for trade-show handouts, grand openings, sales calls, company parties, blood drives and corporate events.”
About Maple Ridge Farms
Located in Mosinee, Wis., Maple Ridge Farms Inc., founded in 1979, is a leading supplier of food gifts to the promotional products industry.
For more information on Maple Ridge Farms, visit www.mapleridge.com.
Sweda Company Receives Three Top Supplier Awards from eCompanyStore
City of Industry, California-based Sweda Company announced it has earned for 2009 awards for Supplier Excellence, Customer Service Rep of the Year and Multiline Rep of the Year from distributor eCompanyStore.
“Sweda has continued to be a strong partner with eCompanyStore and we look forward to another successful year,” said Sandy Campagnolo, eCompanyStore director of procurement.
According to Chris Orcutt, Sweda Company national sales manager, the honors are a direct result of providing innovative marketing solutions through services, innovative products, and a “never-say-no” approach to customer service.
“The awards directly reflect the consistent efforts throughout the year of the entire Sweda sales and customer service team,” noted Orcutt.
For more information on Sweda Company, call (800) 848-8417 or visit www.swedausa.com.
About Sweda Company
Founded in 1976, Sweda Company is a top-20 integrated supplier and manufacturer of promotional products that provides innovative marketing solutions for the promotional products industry. Headquartered in the City of Industry, Calif., the privately owned company is accredited by the Quality Certification Alliance (QCA) and offers complete services, competitive pricing and quality customer care to their distributor customers. Sweda Company stocks hundreds of products in more than 18 categories including bags, drinkware, electronics, computer accessories, writing instruments, stationery, watches and eco-friendly items.
Fleishman-Hillard Ranks 3rd in Top 50 Companies for Executive Women List
Fleishman-Hillard Inc., St. Louis, is named one of the "Top 50 Companies for Executive Women" by the National Association for Female Executives (NAFE) and will be featured in NAFE magazine's Spring 2010 issue. The list recognizes organizations whose policies and practices encourage women's advancement and whose numbers at the highest levels of leadership demonstrate that commitment.
One of the world's leading strategic communications firms, Fleishman-Hillard was recognized in large part for its advancement opportunities for women and for the strong leadership role women play in the firm's worldwide workforce. Women not only comprise about 64 percent of the total workforce but account for 46 percent of the firm's senior management team.
"Fleishman-Hillard is a company that is committed to providing all of its employees the best career experience of their lives," said Dave Senay, president and chief executive officer. "By providing a workplace centered on a values-based corporate culture and a rock-solid commitment to our employees' growth and development, we have consistently attracted and retained not only the best and most talented women in our business, but also the best and most talented communications professionals, period."
"Offering women significant opportunities for advancement is one of our firm's top priorities," said Agnes Gioconda, chief talent officer. "Our commitment is demonstrated by the fact that 46 percent of our senior managers are women, and many of them are in key roles for our business such as client relationship managers, global practice group leaders, and general managers. Additionally, women are managing six of our ten geographical regions including Central, Mid-Atlantic, East, and Southwest regions in the U.S. as well as Canada, and Asia. Through our succession planning efforts we identify high-potential women we can develop and prepare for senior management roles. Last year, 68 percent of those who we promoted were women."
Martha Boudreau is currently president and senior partner of Fleishman-Hillard's U.S. Mid-Atlantic and Latin America regions and will be attending NAFE's invitation-only Executive Women's Leadership Symposium on March 25, 2010. "Over the past 25 years Fleishman-Hillard has consistently offered me the opportunity to grow and learn – as a practitioner and as a manager. Communications has changed at the speed of light and Fleishman has enabled me to satisfy my intellectual curiosity, my creativity and my love of our profession to grow into a senior leader. Long-term commitment to a company requires continual reassessment and reinvention and FH has encouraged me every step of the way," Boudreau said.
About NAFE
NAFE, founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. NAFE magazine publishes the annual Top Companies issue and the annual Women of Excellence issue. NAFE.com provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media and Bonnier Corporation.
About Fleishman-Hillard
Fleishman-Hillard Inc., one of the world's leading strategic communications firms, has built its reputation on creating integrated solutions that deliver what its clients value most: meaningful, positive and measurable impact on the performance of their organizations. The firm is widely recognized for excellent client service and a strong company culture founded on teamwork, integrity and personal commitment. Based in St. Louis, the firm operates throughout North America, Europe, Asia Pacific, Middle East, South Africa and Latin America through its 80 owned offices.
For more information on Fleishman-Hillard, visit www.fleishman.com.
About Omnicom
Fleishman-Hillard is part of Omnicom Group Inc. Omnicom is a leading global advertising, marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, interactive, direct and promotional marketing, public relations and other specialty communications services to more than 5,000 clients in more than 100 countries.
K & R Precision Adds 10 New Sales Representatives
K & R Precision, Cheektowaga, N.Y., announced the company has expanded its sales representative strategy to better service distributors. The new team includes:
- Jennifer Mason, regional sales manager NE states—Maine, N.H., Vt., N.Y., N.J., Mass., R.I., Conn. and Pa.
- Marty Guthrie – regional sales manager Florida
- Mark Chipchase–sale representative–W.V., Va., Md., Washington, N.C. and S.C.
- Jim Miller–sales representative–Tenn, Ga. Al,a. and Miss.
- Dale Moravec–sales representative–Mich., Ind., Ken. and Ohio
- Karobyx–sales representative–Wis., Ill., Minn., N.D. and S.D.
- Cochran Sales–sales representative–Texas, Okla., Ark. and La.
- Lewie Hunt Agency–sales representative–Kan., Neb., Iowa, and Mo.
- Langton Promotional Sales–sales representative–Wy. Utah, Ariz., Col. and N.M.
- Taggesell Mrkg Group–sales representative–Calif. and Nev.
For more information on K&R Precision, visit www.k-and-r.com.
Selco Presented Plaque from The Brian LaViolette Scholarship Foundation
Selco, a Tulsa, Oklahoma-based promotional supplier company, announced it was the recipient of a plaque of gratitude from the Brian LaViolette Scholarship Foundation of Oneida, Wis.
Mark Abels, Selco president, was presented the plaque at the PPAI Expo Las Vegas 2010 for donating the Scholarship of Honor watches to Brian's Foundation. The donated Selco Geneve "Century Medallion" watches will be used to reward the generous donors that help keep the Scholarship of Honor funded. The Brian LaViolette Scholarship Foundation serves to award and recognize high school seniors with plans to enlist in the military or pursue a career in public safety or community service.
"We are extremely honored to be part of a great cause that honors America's service men and women," said Abels.
About Selco
Selco LLC, "The Original Logo Watch Company," was established in 1935. A manufacturer and supplier of custom imprinted and die-struck medallion timepieces and other innovative products, Selco provides exceptional customer service to the awards, recognition and promotional products industries through the Selco Geneve, AbelleTech, True North Compasses and A*belle Promotional Time brands.
For more information on Selco, visit www.selcocompanies.com.
Jornik Has Three New Hires
Jacquie Herz, president of Jornik Manufacturing Corp., Stamford, Conn. announced the company hired Dana Serra as production manager, Shane Cross as warehouse manager and Rota “Nicky” Enkelejdi for the silk-screening department.
Said Herz, “An opportunity arose to hire three quality individuals with tremendous industry experience, so we were extremely fortunate. Dana Serra has already transformed our production area, making us even more efficient, increasing capacity for planned growth, and further enhancing our decorating capabilities. Shane has gotten our warehouse in tip-top shape, while Nicky brought an
incredibly keen eye for perfect imprints.” Herz continued, “We are very optimistic about our business for 2010, thanks to a strong product line and great service, and these additions to our team only strengthen Jornik’s position.”
For more information on Jornik Manufacturing, visit www.jornik.com.
Prime Line Expands its Line of Writing Instruments
Bridgeport, Connecticut-based Prime Line announced the company has expanded its line of writing instruments with more than 100 new items and color offering including unique, multi-function pens and highlighters.
New items include:
- The Multi-Tasker Pen/Highlighter which features a broad, plastic body pen with four ballpoint pens on one end and a highlighter on the other end.
- The Handy Office Tool which has a ballpoint pen on one end, a yellow highlighter on the other end, and a letter opener on the side. It also features locking-hook clip.
- The Spectrum Paper Barrel Pen is a new addition to Prime Line's Eco-Responsible pen collection and features a recyclable paper barrel.
- The Classic Comfort Grip Pen offers an executive feel with its sleek aluminum barrel and rubber comfort grip.
“We are excited to expand our already extensive line of writing instruments for 2010,” said Jeff Lederer, executive vice president. “We try to offer great variety along with value to our distributors in appreciation of them returning to Prime year after year,” he added. All the new products are available in Prime Lines' 2010 annual catalog.
For more information on Prime Line, visit www.primeline.com.
Crystal D Launches WOW Moments Contest on Facebook
St. Paul, Minnesota-based Crystal D, a leading supplier of corporate awards and plaques, announced it launched its WOW Moments contest on the company's Facebook fan page.
A WOW Moment could be:
- the birth of a child
- an accomplishment at work like a promotion
- meeting your favorite celebrity
- celebrating an important milestone like a birthday or anniversary
The WOW Moments contest is an interactive way to contribute with and congratulate industry peers for their WOW Moments.
The contest, open only to fans of Crystal D on Facebook, asks fans to submit images and descriptions of their WOW Moments to the Crystal D Facebook fan page wall. Fans who submit will be entered into a monthly drawing for each WOW Moment submitted. All submissions must include a photo and description of the WOW Moment.
The videotaped drawing will be posted the last day of every month on the Crystal D Facebook fan The winner of each monthly drawing will be sent a special WOW Moments prize.
“This contest is a fun, interactive way to learn more about your industry peers, as well as congratulate them on important milestones in their lives,” said Bridget Dahlgren, marketing manager. “The purpose of the contest is to connect and relate the feeling of 'The WOW” Effect that Crystal D awards and plaques provide as part of a recognition experience to other WOW Moments people experience in their lives.”
About Crystal D
Crystal D has been a leading supplier of corporate awards to the promotional products industry for more than 15 years. The company offers awards and plaques, seven imprint processes and eight substrates.
For more information on Crystal D, visit www.crystal-d.com.
iPROMOTEu Announces DUNK FEST 2010
Wayland, Massachusetts-based iPROMOTEu announced it will be organizing its Dunk Fest 2010, the annual NCAA college basketball tournament challenge exclusively for the promotional products industry. Dunk Fest is a fun way to create enthusiasm and spirit, and to foster friendly competition, among those working in the promotional products industry.
The three participants with the highest scores at the end of the tournament challenge will be recognized as the winners of Dunk Fest 2010 and will receive the first place, second place and third place awards commemorating their impressive achievement. In addition, the 50 highest scoring participants will receive a free commemorative Dunk Fest 2010 T-shirt.
Individuals working as or for a distributor, a distributor salesperson, a supplier (including a supplier salesperson or a multiline rep), or a service provider are all eligible, and encouraged, to participate.
Remarking on the idea of Dunk Fest, Ross Silverstein, president and CEO of iPROMOTEu commented, “I’ve always been a huge sports fan, and I love this tournament. Instead of hundreds of smaller company-wide tournament challenges, I thought it would be neat to have one large tournament challenge for the entire promotional products industry. I also thought that Dunk Fest would be a fun way to create enthusiasm and spirit, and to foster friendly competition, among those working in the promotional products industry.”
To learn more about Dunk Fest 2010, and to participate, please visit www.ipromoteu.com/dunkfest.html.