ATS Announces One-Year Anniversary of Agreement to Supply Cartridges for Florida State Government Agencies
Posted on: Monday, 7 April 2008, 09:01 CDT
American TonerServ Corp. (OTCBB: ASVP) ("ATS"), a strategic consolidator in the more than $6.0 billion highly fragmented independent segment of the printer supplies and services industry, announced today that it has entered the second year of a five-year supply agreement with Axon Technologies, Inc. ("Axon"), a supplier to Florida's state government agencies. Axon is a Florida based not-for-profit organization offering quality products and services with the mission of providing meaningful employment for Florida citizens with disabilities.
Under the agreement, ATS supplies compatible toner cartridges, which Axon processes, packages and delivers to its customers, primarily governmental agencies within the State of Florida. Axon has been providing products and services to governmental agencies within the State of Florida for more than 20 years, and has been responsible for creating jobs for hundreds of Florida citizens with severe disabilities. Axon is a state-mandated vendor to state agencies providing approximately $2 million in product and services annually, of which approximately 50% is related to printers.
"We are proud to announce the first anniversary of this agreement, which has met the objectives of producing meaningful revenue for ATS while supporting Axon's good work in Florida. Further, working closely with Axon over the past year has exposed additional opportunities for ATS in the future. As part of our strategic plan to expand our customer base, our goal is to align ATS with well established, highly reputable companies like Axon with whom to build long-term, successful relationships," said Dan Brinker, chief executive officer of ATS. "We look forward to continuing our mutually beneficial relationship with Axon."
About American TonerServ:
American TonerServ Corp. ("ATS") is building a nationwide organization to efficiently serve the printing needs of small-and medium-sized businesses by consolidating leading independent operators in the $6 billion recycled printer cartridge and printer services industry, offering top-quality, environmentally-friendly products and local service teams. Please see www.AmericanTonerServ.com for more information.
About Axon Technologies, Inc.
Axon Technologies, Inc. is a 501Copyright 3 charitable organization which provides all governmental agencies within the State of Florida quality products and services produced by persons with severe disabilities. Purchasing products and services from Axon Technologies reduces dependence on welfare and the need for costly institutionalization. Axon Technologies enables individuals with disabilities to achieve self-determined competitive employment. These disabled individuals are empowered to take their places as contributing members of the community.
Forward-Looking Statements
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate,""believe,""estimate,""expect,""intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact: American TonerServ Corp. Phone: 800-736-3515 Jordan Goldstein Stakeholder Communications Phone: 415-369-9000 E-mail: Email Contact
SOURCE: American TonerServ
Source: MARKET WIRE
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