`Ace is the Place' for Cryopak.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 4, 2002 Cryopak Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYPKF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture: CII CII Confederation of Indian Industry CII Chartered Insurance Institute (UK) CII Construction Industry Institute (University of Texas) CII Council of Institutional Investors ) today announced a significant expansion of its U.S. retail business following the delivery of initial orders of the Flexible Ice(TM) Blanket to Ace Hardware, one of the largest home supply retailers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Ace placed orders for three package sizes of the Flexible Ice(TM) Blanket, including the 'Retail', 'Convenience' and 'Mini' Pak. Each initial order has been shipped into Ace's 11 main distribution centres. The Flexible Ice(TM) Blanket was test-marketed at several Ace locations last year, and showed strong results even during winter months. This further confirms studies commissioned by Cryopak that indicate consumers view the Flexible Ice(TM) Blanket as an ideal product for year-round household cooling applications. "The addition of Ace to our list of retail clients such as Costco, Kmart, Linens 'N Things Linens 'n Things, Inc., headquartered in Clifton, New Jersey, is the second-largest large-format retailers of home textiles, housewares and decorative home accessories in the United States, behind Bed Bath & Beyond. and BJ's is another indication that U.S. retailers are increasingly recognizing the sales potential of the Flexible Ice(TM) Blanket." remarked John Morgan John Morgan is a common name, especially in Wales, UK. Well-known people with this name include: Per profession
About Ace Hardware: Founded in 1924, Ace Hardware Corporation, headquartered in Oak Brook, Ill., is a cooperative wholly owned by its 5,100 independent hardware, home center, lumber and building materials retailers. Annual retail sales in 2000 exceeded $13 billion. Ace currently has stores located in all 50 states and in 68 countries. More information on Ace can be found at www.acehardware.com. About Cryopak: Cryopak Industries Inc. (OTCBB: CYPKF) (TSX Venture: CII) develops, manufactures and markets quality temperature-controlling products such as the patented Cryopak Flexible Ice(TM) Blanket, flexible hot and cold compresses, gel packs, and instant hot and cold packs. The products are used during transport to ensure critical temperature maintenance for pharmaceuticals, blood, airline food and beverages, seafood and all other perishable items. Cryopak's products are also used for first aid, medical and physiotherapy treatments, and, through retail distribution, for daily all-purpose chilling applications. With almost 10 years of experience in research and development, we also offer expert testing and consulting services to help companies optimize their cold-chain management programs. For more information about Cryopak Industries Inc. or its products, visit www.cryopak.com. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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