50 of the Top 250 law firms use our Products every day
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For more
information contact:
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C. Anthony
Rider, Chief Financial Officer
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Phone: (716)
566-9217
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Fax: (716)
447-9201
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Email:
arider@modpac.com
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FOR IMMEDIATE RELEASE
MOD-PAC CORP. Signs North
American Supply Agreement for 2005 - 2006
BUFFALO, NY,
April 21, 2005 -- MOD-PAC CORP. (NASDAQ: MPAC) a specialized
commercial printer and manufacturer of paperboard packaging, today
announced it has signed a new supply agreement with VistaPrint
Limited, its largest customer, for the twelve month period ending
August 31, 2006. This agreement establishes unit pricing for the
year that should yield MOD-PAC an 18% gross margin on these sales
and provides for an additional surcharge for volumes under $750,000
per month. The surcharge is designed to encourage VistaPrint to
purchase printed products above the $750,000 monthly level, but the
agreement does not obligate VistaPrint to use MOD-PAC as its
supplier.
The current
North American supply agreement, valid through August 31, 2005, was
also amended to modify the exclusivity provision. Under the new
terms, VistaPrint has t
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