OUTL Outlook (MM)

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.