Outlook Group to Introduce New Packaging Technology for the Cheese Industry; Innovative new technology facilitates Outlook's ent
June 16 2005 - 4:15PM
Business Wire
Outlook Group Corp. (Nasdaq:OUTL) today announced an agreement with
Aviso Packaging LLC of Ossian, Indiana. The equipment and services
provided under the agreement, combined with Outlook Group's
flexible packaging capabilities, will bring new packaging
technology to the cheese industry. The new technology is designed
for the packaging of natural cheese for the retail and food service
markets. "The packaging technology for natural cheese products has
not changed significantly in over 30 years. The new technology we
are introducing enables cheese producers to wrap their cheese in
film that is thinner, tougher and less expensive than the film
currently being utilized. Outlook will provide a packaging system
that includes both the technology and printed and laminated films,"
said Joseph J. Baksha, president and chief executive officer of
Outlook Group. "This ground-breaking technology was developed
specifically for the most prevalent equipment in the cheese
industry. Our agreement with Aviso Packaging enables us to enter
the cheese market, a large segment of the food industry, as well as
other segments using similar technology. We believe our
relationships with new cheese customers should also provide
cross-selling opportunities in other areas of our business such as
printed labels. This agreement is a major step in expanding our
successful supply chain management capabilities into a new market,"
said Baksha. Keith Flesch, co-owner of Aviso Packaging said, "My
partner, John Cadwallader, and I have worked in the cheese industry
for many years. We saw first-hand the need for a more efficient and
cost effective type of film to be used in the packaging of natural
cheese. We developed the technology to enable cheese producers to
benefit from the added strength, longer shelf-life and lower cost
of co-extruded film. We believe this new technology will be a
welcome development for the cheese industry." Baksha added, "The
Aviso device has already been running well at a national cheese
producer and we expect that production of the new equipment will
begin in a few weeks. We hope that the demand for this new
technology will ultimately be high, however, in the initial phase
of production, the supply will be quite low. As a result, we will
sell the new technology on a first-come, first-served basis." "New
product development is an integral part of our supply chain
initiative and a key component of the value proposition we bring to
our clients. In today's environment of pricing auctions and bids,
developing new technology helps our clients to realistically reduce
total landed costs in a sustainable fashion and further
differentiate Outlook Group in the marketplace," added 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. In particular,
we cannot assure market acceptance or success of the new technology
or machinery or any level of sales of machines or film or
cross-sales. The machinery may also be subject to latent
technological or production problems. 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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