BENSALEM, Pa., June 27, 2002 (PRIMEZONE) -- Strategic Distribution, Inc. (Nasdaq:STRD), a leading provider of MRO supply chain management services, today announced the opening of two new In-Plant Store(r) sites at one of the world's largest consumer electronics companies.
Strategic Distribution's Vice-President of the Manufacturing Group, Pete Scocos, commented that: "We are pleased with this new partnership. Both companies spent a great deal of time evaluating the program fit and its impact across both organizations before committing to a multi-year agreement. I am confident the program will provide our new customer with the MRO supply control and cost savings they were seeking, as well as contribute to our Company's profitable growth."
Strategic Distribution, Inc. (SDI) has been providing the In-Plant Store(r) program for on-site management of indirect materials to top businesses for more than 30 years. The In-Plant Store services include MRO, OEM and indirect supplies procurement, inventory management, internal distribution, performance reporting and technical support. SDI operates the In-Plant Store program at sites throughout the United States and Mexico.
Strategic Distribution, Inc. is a leading provider of industrial supply services to commercial and industrial customers as well as institutions of higher education. The Company provides proprietary services that reduce costs and inefficiencies in the procurement and management of maintenance, repair and operating (MRO) materials. Additional information about SDI and the In-Plant Store program can be found on the Company's Web site at www.in-plantstore.com.
The foregoing paragraphs contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company's actual results could differ materially from those set forth in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's 2001 annual report as filed on Form 10-K with the Securities and Exchange Commission.